HGV EVP & Chief Customer Officer Stan Soroka to retire Dec 31; consulting agreement signed

Hilton Grand Vacations Inc.

Lump sum payment of $250,000 on first payroll after Jan 31, 2023, subject to release and covenants.
Soroka will receive 2022 annual bonus under short-term incentive plan based on actual performance.
COBRA premium reimbursement for 18 months; equity awards treated as 'Retirement' per 2017 plan.
Consulting engagement from Jan 1, 2023, up to 24 months, at $30,000/month with non-compete/non-solicitation for 24 months.
Retirement is not a 'Qualifying Termination' under his severance agreement, so no additional severance.

item 5.02 item 9.01

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Departed

Stan R. Soroka

Executive Vice President and Chief Customer Officer

HGV · Hilton Grand Vacations Inc.

Effective: 2022-12-31
Filed: December 30, 2022, 6:59 PM ET

Stan R. Soroka, Executive Vice President and Chief Customer Officer of Hilton Grand Vacations Inc. (the “Company”), notified the Company of his intention to retire from the Company effective December 31, 2022

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Stan R. Soroka retired as Executive Vice President and Chief Customer Officer at Hilton Grand Vacations Inc..

Action: retired
Role: Executive Vice President and Chief Customer Officer

Exact text from the filing

Stan R. Soroka, Executive Vice President and Chief Customer Officer of Hilton Grand Vacations Inc. (the “Company”), notified the Company of his intention to retire from the Company effective December 31, 2022

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Hilton Grand Vacations Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-315449

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