Sundar PichaiSundar Pichai earned $164M in 2023

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...

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Thomas J. Baltimore, Jr.

CEO of Park Hotels & Resorts Inc.

Education

Bachelor of Science in Business Administration from the University of Virginia and an MBA from the Darden School of Business at the University of Virginia.

Field of Expertise

Other - Hospitality

Sector of Economy

Real Estate

CEO of Park Hotels & Resorts Inc. for

8 years 4 months (Dec 2016 - Present)

Previous Experience

President and CEO of RLJ Lodging Trust, co-founder of RLJ Development.

Holdings

See how much did Thomas J. Baltimore, Jr. make over time.

As CEO, Thomas J. Baltimore, Jr. has significant financial stakes in Park Hotels & Resorts Inc. His at-risk compensation model is reflective of the company’s performance. In 2023, Baltimore’s vested stock awards totaled over $2.2 million, alongside a significant annual...

Mar 17, 2025

Charitable Transactions

RLJ

66 shares

RLJ

Recent Charitable Transactions

RLJ

66 shares

RLJ

Dec 31, 2011

Charity

Insider Trading

See recent insider trades of Thomas J. Baltimore, Jr..

PK

178,151 shares

PK

Feb 13, 2025

Received

PK

182,417 shares

PK

Jan 24, 2025

Received

CMCSA

900 shares

CMCSA

Dec 31, 2024

Received

CMCSA

5,234 shares

CMCSA

Nov 20, 2024

Received

CMCSA

808 shares

CMCSA

Sep 30, 2024

Received

CMCSA

862 shares

CMCSA

Jun 30, 2024

Received

CMCSA

779 shares

CMCSA

Mar 31, 2024

Received

PK

134,698 shares

PK

Feb 22, 2024

Received

PK

175,864 shares

PK

Jan 19, 2024

Received

CMCSA

769.669 shares

CMCSA

Dec 31, 2023

Received

Compensation History

See how much did Thomas J. Baltimore, Jr. make over time.

In 2023, CEO Thomas J. Baltimore, Jr. received a total compensation package of approximately $10.8 million. This was made up of a base salary of $1 million, a cash bonus of around $2.4 million reflecting his performance, and stock awards valued at about $2.2 million that vested during the year. His bonus payout was based on achieving specific corporate objectives and was at 139% of the target, showing a successful year for performance metrics. Baltimore's pay structure is designed to motivate and tie his earnings to the company’s earnings and overall shareholder returns. This transparency in compensation reflects the company's commitment to aligning executive and shareholder interests, which is vital in building trust with investors.

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.