Travel + Leisure extends CEO/CFO employment agreements through May 2027

Travel & Leisure Co.

CEO Michael Brown and CFO Michael Hug sign amended employment agreements effective June 1, 2024, extending term to May 31, 2027.
Brown's base salary set at $1,310,500; target annual incentive 175% of base salary.
Severance on qualifying termination equals 299% of base salary plus highest prior three-year incentive (capped at target).
Shareholders approved certificate amendments for officer exculpation and exclusive federal forum for Securities Act claims.
All director nominees elected at May 15, 2024 annual meeting; Deloitte ratified as auditor.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.