Thomas J. Baltimore, Jr. is the President and CEO of Park Hotels & Resorts Inc., where he has been leading the company since 2016. He has a solid educational background with a Bachelor in Business Administration from the University of...

Current Market Cap

$2.93B

Number of Employees

90

Total Compensation

2019 - 2023

Trending up by 465.79% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 0.00% last year

Other

Up by 0.00% last year

Year

2023

Total Compensation

$5.66M

Salary

$1.00M

Board Justification

The compensation philosophy is designed to align executive pay with performance, emphasizing a significant portion of compensation that is variable and at-risk based on the company's performance and total stockholder return.

Bonus

$2.44M

Board Justification

The bonus is based on the achievement of corporate performance objectives and individual performance objectives, with a target bonus of 175% of base salary. The actual payout for 2023 was 139% of the target.

Other

$960.00

Board Justification

Other compensation includes group term life insurance premiums valued at $960.

Restricted Stock

$2.22M(145.2K RSU)

Board Justification

The stock awards that vested in 2023 include 145,202 shares of restricted stock awarded as part of the long-term incentive plan, which vest ratably over three years.

Performance Metrics

The performance metrics include consolidated portfolio RevPAR, hotel adjusted EBITDA margin, adjusted EBITDA, and net debt to TTM adjusted EBITDA.

SEC Filing

From March 8, 2024

Thomas J. Baltimore, Jr.

Ex-CEO of Park Hotels & Resorts Inc.

TJ

Education

Bachelor of Science in Business Administration from the University of Maryland, College Park; MBA from the University of Pennsylvania, Wharton School.

Field of Expertise

Other - Hospitality

Born

January 1, 1967 - 57 years ago

Is Founder?

No

Tenure

7 years 0 months (Dec 2016 - Jan 2024)

Previous Experience

President and Chief Executive Officer of Park Hotels & Resorts Inc.; various leadership roles at Hilton Worldwide Holdings Inc.

View Holdings

Insider Holdings of Thomas J. Baltimore, Jr.

ANCMCSPKRLJ

$28.71M

-$6.30M (-17.99%)

Last Insider Trade

CMCSA

862 shares

CMCSA

Jun 30, 2024

Received