other material
confidence high
sentiment neutral
materiality 0.55
HGV awards NEOs $12M in performance-based incentives tied to Bluegreen merger integration
Hilton Grand Vacations Inc.
- Awards are 60% Performance RSUs and 40% Performance Cash, tied to cost savings and Adjusted EBITDA goals.
- CEO Wang receives $3.75M (50,767 RSUs + $1.5M cash); base salary raised to $1.2M.
- Other NEOs: Mathewes and Gurnik $2M each, Corbin $2.5M, Brizi $1.75M.
- 50% of each cash award eligible to vest on Sept 30, 2024 if run-rate cost savings goals met.
- Corbin and Brizi get adjusted short-term bonus and long-term equity targets within prior approved ranges.