How Fogel was paid
$35.4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Glenn D. FogelPresident and Chief Executive Officer | $1,250,000 | — | $26,202,279 | $4,042,500 | $3,923,323 | $35,418,102 |
| Ewout SteenbergenExecutive Vice President and Chief Financial Officer | $825,000 | — | $8,490,550 | $2,401,245 | $11,047 | $11,727,842 |
| Peter J. MillonesExecutive Vice President and General Counsel | $750,000 | — | $7,863,196 | $2,061,675 | $10,738 | $10,685,609 |
| Paulo PisanoChief Human Resources Officer | $620,884 | $282,220 | $4,938,134 | $1,405,557 | $62,528 | $7,309,323 |
What changed and why
- $35.4MGlenn D. Fogel received total compensation of $35,418,102 in 2025, down from $44,837,665 in 2024.
- 60%Named executive officers generally receive a mix of 60% PSUs and 40% RSUs under the long-term incentive program.
- 88%The Say-on-Pay vote received strong support of 88% in 2025.
- 8%Gross bookings grew 8% year-over-year to more than 1.2 billion room nights.
- $26.9BRevenues reached $26.9 billion, representing a 13% increase compared to the prior year.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.