Sundar PichaiSundar Pichai earned $164M in 2023
T

Michael D. Brown

CEO of Travel + Leisure

Education

Bachelor's degree from the University of Central Florida

Field of Expertise

Other - Hospitality

Born

January 1, 1970 - 55 years ago

Economy Sector

Consumer Cyclical

Current Tenure

6 years 8 months (May 2018 - Present)

Previous Experience

Chief Operating Officer at Hilton Grand Vacations

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,...

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.