Reserving Holdings CEO Glenn Fogel earned $126.4 million in “compensation really paid” in 2024, in accordance with the latest monetary filings with the SEC.
That calculation contains the truthful worth of awards for 2022, 2023 and 2024.
Present Expedia CEO Ariane Gorin, who took the job on Could 13, 2024 and previously was president of Expedia for Enterprise, earned $37.3 million within the compensation really paid calculation.
The SEC launched the “compensation really paid” beginning in 2023 reporting for pay throughout 2022. It goals to account for the worth of unvested inventory and possibility awards as of year-end. For instance, a big driver of Gorin’s award worth was the 23% leap in Expedia’s share value final yr.
In abstract compensation tables, the SEC additionally requires disclosures of CEOs’ whole compensation award. Fogel’s pay award in 2024 was $44.8 million, Gorin’s was $24.9 million, and Expedia former CEO Peter Kern, who was within the publish four-plus months that yr earlier than Gorin took over, was awarded $485,500. These compensation awards usually included wage, bonus, inventory and possibility awards, incentives and different compensation, reminiscent of for company jet use and insurance coverage premiums.
CEO Compensation Reserving Holdings and Expedia Group 2024
|
CEO |
Firm |
All-In Pay |
% Change |
CAP* |
% Change |
|---|---|---|---|---|---|
|
Glenn Fogel |
Reserving Holdings |
$44.8 million |
-(4%) |
$126.4 million |
-(9.4%) |
|
Ariane Gorin |
Expedia Group |
$24.9 million |
N/A |
$37.3 million |
N/A |
* Be aware: CAP means Compensation Truly Paid and displays fluctuations within the worth of fairness awards and share costs by the tip of the yr.
Supply: Safety and Change Fee filings
In assessing Fogel’s 2024 efficiency, the board pointed to his “exemplary management;” firm data in income, gross bookings and room nights; development in short-term leases, growth of the Genius loyalty program into further verticals, and additional integration of AI.
The median wage of Reserving Holdings’ staff was $96,228 in 2024, and the CEO to worker pay ratio was 466:1.
Expedia did not element particularly how Gorin’s efficiency impacted her compensation, however said that crucial metrics in figuring out govt compensation are inventory value efficiency, adjusted EBITDA, and operational effectivity.
In 2023, Expedia’s share value jumped 73%, far outperforming market averages. The corporate notched report adjusted EBITDA, and “considerably accomplished the corporate’s technological transformation and strategic imaginative and prescient for a platform working mannequin,” Expedia said.