Michael D. Brown is the CEO of Travel + Leisure Co., where he has been leading since June 2018. Before that, he was at Hilton Grand Vacations, a company he joined in early 2017. With a solid background in hospitality,...

Michael D. Brown is the CEO of Travel + Leisure Co., where he has been leading since June 2018. Before that, he was at Hilton Grand Vacations, a company he joined in early 2017. With a solid background in hospitality, Brown has driven the company's focus on enhancing customer experiences while ensuring strong business performance. In his recent role at Travel + Leisure, his compensation for 2023 reached nearly $9.8 million, which reflects a mix of salary, performance-based bonuses, and stock options. Brown's strategy emphasizes linking pay to company success, which motivates strong performance. Interestingly, he has seen both highs and lows in his compensation through fluctuating stock vestings and varying bonuses. For example, in 2022, he received just over $11.6 million, showcasing his ability to adapt and strive during challenging business periods like the pandemic. Known for his decisive leadership, Michael D. Brown continues to shape the hospitality landscape by focusing on growth and shareholder value.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Michael D. Brown

CEO of Travel + Leisure

Education

Bachelor's degree from the University of Central Florida

Field of Expertise

Other - Hospitality

Sector of Economy

Consumer Cyclical

Born

January 1, 1970 - 55 years ago

CEO of Travel + Leisure for

6 years 10 months (May 2018 - Present)

Previous Experience

Chief Operating Officer at Hilton Grand Vacations

Rivals

Competitors/colleagues of Michael D. Brown

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Christopher J. Nassetta

CEO of Hilton Worldwide

2023 Compensation

Stock

$32.00M

Salary

$1.30M

Bonus

$0.00

Other

$729.69K

Total Holdings

$654.02M

D

Mark W. Brugger

CEO of DiamondRock Hospitality

2023 Compensation

Stock

$0.00

Salary

$832.00K

Bonus

$0.00

Other

$13.20K

Total Holdings

$19.47M

P

Thomas J. Baltimore, Jr.

CEO of Park Hotels & Resorts Inc.

2023 Compensation

Stock

$2.22M

Salary

$1.00M

Bonus

$2.44M

Other

$960.00

Total Holdings

$27.66M

W

Geoffrey A. Ballotti

CEO of Wyndham Hotels & Resorts, Inc.

2023 Compensation

Stock

$0.00

Salary

$1.14M

Bonus

$0.00

Other

$407.61K

Total Holdings

$38.28M

M

Anthony G. Capuano

CEO of Marriott International

2023 Compensation

Stock

$0.00

Salary

$1.40M

Bonus

$5.60M

Other

$981.36K

Total Holdings

$46.65M

Holdings

See how much did Michael D. Brown make over time.

Michael D. Brown's holdings reflect the ups and downs typical in the hospitality sector. His largest assets include stocks from both Travel + Leisure and Hilton Grand Vacations. In 2022, he received stock grants valued at approximately $7.7 million but...

Michael D. Brown's holdings reflect the ups and downs typical in the hospitality sector. His largest assets include stocks from both Travel + Leisure and Hilton Grand Vacations. In 2022, he received stock grants valued at approximately $7.7 million but didn't benefit from any stock vesting that year, highlighting a shift towards performance-driven metrics. Fast forward to 2023, and his vested stock awards alone amounted to nearly $1.8 million. This illustrates the dynamic nature of his portfolio, fluctuating with the company's performance and market conditions. During the pandemic, his net worth was heavily tied to the performance of these companies, impacting his financial standing significantly. However, with Time and strategic decisions, he has managed to stabilize his wealth through stock options and other assets.

Insider Trading

See recent insider trades of Michael D. Brown.

TNL

$653.20K

TNL at $46.66/share

Mar 13, 2025

Purchase

TNL

211,111 shares

TNL

Mar 10, 2025

Received

TNL

197,992 shares

TNL

Mar 5, 2025

Received

TNL

116,176 shares

TNL

Mar 12, 2024

Received

TNL

131,917 shares

TNL

Mar 10, 2024

Received

TNL

$32.57K

TNL at $32.57/share

Oct 26, 2023

Purchase

TNL

106,246 shares

TNL

Mar 10, 2023

Received

TNL

108,539 shares

TNL

Mar 7, 2023

Received

TNL

12,831 shares

TNL

Jun 1, 2022

Received

TNL

27,125 shares

TNL

Mar 10, 2022

Received

Compensation History

See how much did Michael D. Brown make over time.

In 2023, Michael D. Brown’s total compensation was around $9.8 million. This figure is a combination of his base salary, which stood at approximately $1.1 million, a performance-based bonus of around $1.6 million, and vested stock options valued at nearly $1.8 million. His compensation structure is designed to align executive pay with company performance, which means a big part of his earnings is tied to how well Travel + Leisure performs. For example, in 2022, despite the pressures of the market environment, his compensation peaked at over $11.6 million, primarily due to substantial stock grants. His pay packages have seen notable changes due to varying business challenges, illustrating a clear correlation between company success, strategic leadership, and personal financial growth.

Year

2023

Total Compensation

$4.74M

Salary

$1.10M

Board Justification

The compensation philosophy is designed to attract and retain high-quality executives, align pay with performance and stockholder value, and emphasize performance-based compensation.

Bonus

$1.58M

Board Justification

The bonus is based on a combination of corporate performance (70% Economic Adjusted EBITDA) and individual performance objectives (30%) for the fiscal year 2023.

Other

$266.39K

Board Justification

Other compensation includes 401(k) match contributions, perquisites such as automobile expense allowance, lodging and vacation benefits, and personal use of corporate aircraft.

Restricted Stock

$1.80M(44.77K RSU)

Board Justification

The stock awards that vested in 2023 are Service RSUs, which vest in three equal annual installments beginning on the first anniversary of the grant date.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 include Economic Adjusted EBITDA and individual performance objectives.