How Katz was paid
$4M in total for fiscal 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 | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Robert A. KatzChairperson of the Board and Chief Executive Officer | $1,123,588 | $1,405,693 | $1,405,693 | — | $17,256 | $3,952,230 |
| Kirsten A. LynchFormer Chief Executive Officer | $1,123,588 | $2,530,247 | $2,530,247 | $862,158 | $2,450,586 | $9,496,826 |
| Angela A. KorchExecutive Vice President and Chief Financial Officer | $607,178 | $755,763 | $755,763 | $419,313 | $25,988 | $2,564,005 |
| Julie A. DeCeccoExecutive Vice President, General Counsel and Chief Public Affairs Officer | $549,177 | $334,000 | $334,000 | $259,440 | $18,090 | $1,494,707 |
| Lynanne KunkelExecutive Vice President, Chief Human Resources Officer & Chief Transformation Officer | $566,392 | $652,896 | $652,896 | $391,738 | $42,676 | $2,306,598 |
| William C. RockPresident - Mountain Division | $555,154 | $560,320 | $560,320 | $386,621 | $18,593 | $2,081,008 |
What changed and why
- $9.5M$9,496,826 was Kirsten Lynch’s total compensation, including $2,421,540 in severance and post-termination benefits.
- $4M$3,952,230 was Robert Katz’s total compensation after becoming CEO on May 22, 2025.
- 50%50% of fiscal 2025 CEO equity grants were performance-based Premium SARs with exercise prices 10% above grant-date closing prices.
- $862K$862,158 was Lynch’s non-equity incentive compensation, compared with no such award for Katz.
- 80%80% Resort Reported EBITDA achievement was the minimum threshold for any MIP payout; maximum funding required at least 120%.
- 98%98% of votes cast supported the executive compensation program at the prior annual meeting.
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.