secwatch.observer — SEC 8-K summary
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Issuer:     Hilton Grand Vacations Inc. (HGV)
CIK:        0001674168
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0001140361-24-012326
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HGV awards NEOs $12M in performance-based incentives tied to Bluegreen merger integration
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1674168/000114036124012326/0001140361-24-012326-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1674168/000114036124012326/ef20023652_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-012326

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer