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| Stephen P. Holmes | | | Geoffrey A. Ballotti | |
| Chairman of the Board | | | President and Chief Executive Officer | |
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Director
|
| | |
Audit
Committee |
| | |
Compensation
Committee |
| | |
Governance
Committee |
| | |
Executive
Committee |
| |
| | Geoffrey A. Ballotti | | | | | | | | | | | | | | | |
M
|
| |
| | Myra J. Biblowit | | | | | | | |
M
|
| | |
C
|
| | | | | |
| | James E. Buckman | | | |
M
|
| | |
M
|
| | | | | | |
M
|
| |
| | Bruce B. Churchill | | | |
M
|
| | |
C
|
| | | | | | | | | |
| | Mukul V. Deoras | | | |
M
|
| | | | | | |
M
|
| | | | | |
| | Stephen P. Holmes | | | | | | | | | | | | | | | |
C
|
| |
| | Ronald L. Nelson | | | |
M
|
| | | | | | |
M
|
| | | | | |
| | Pauline D.E. Richards | | | |
C
|
| | | | | | |
M
|
| | | | | |
| | Number of Meetings in 2021 | | | |
8
|
| | |
7
|
| | |
4
|
| | |
6
|
| |
| | |
Cash-Based
|
| |
Stock-Based
|
| |
Total
|
| |||||||||
Non-Executive Chairman | | | | $ | 160,000 | | | | | $ | 160,000 | | | | | $ | 320,000 | | |
Lead Director | | | | $ | 132,500 | | | | | $ | 132,500 | | | | | $ | 265,000 | | |
Director | | | | $ | 105,000 | | | | | $ | 105,000 | | | | | $ | 210,000 | | |
Audit Committee chair | | | | $ | 22,500 | | | | | $ | 22,500 | | | | | $ | 45,000 | | |
Audit Committee member | | | | $ | 12,500 | | | | | $ | 12,500 | | | | | $ | 25,000 | | |
Compensation Committee chair | | | | $ | 17,500 | | | | | $ | 17,500 | | | | | $ | 35,000 | | |
Compensation Committee member | | | | $ | 10,000 | | | | | $ | 10,000 | | | | | $ | 20,000 | | |
Corporate Governance Committee chair | | | | $ | 15,000 | | | | | $ | 15,000 | | | | | $ | 30,000 | | |
Corporate Governance Committee member
|
| | | $ | 8,750 | | | | | $ | 8,750 | | | | | $ | 17,500 | | |
Executive Committee member | | | | $ | 10,000 | | | | | $ | 10,000 | | | | | $ | 20,000 | | |
| |
Name
|
| | |
Fees Paid
in Cash ($) |
| | |
Stock
Awards ($) |
| | |
All Other
Compensation ($)(a) |
| | |
Total
($)(a) |
| | ||||||||||||
| | Myra J. Biblowit | | | | | | 130,000(b) | | | | | | | 230,000(c) | | | | | | | 41,725(d) | | | | | | | 401,725 | | | |
| | James E. Buckman | | | | | | 165,000(b) | | | | | | | 265,000(c) | | | | | | | 197(d) | | | | | | | 430,197 | | | |
| | Bruce B. Churchill | | | | | | 135,000(b) | | | | | | | 235,000(c) | | | | | | | 77,288(d) | | | | | | | 447,288 | | | |
| | Mukul V. Deoras | | | | | | 126,250(b) | | | | | | | 226,250(c) | | | | | | | 1,069(d) | | | | | | | 353,569 | | | |
| | Stephen P. Holmes | | | | | | 170,000(b) | | | | | | | 270,000(c) | | | | | | | 49,903(d) | | | | | | | 489,903 | | | |
| | Ronald L. Nelson | | | | | | 126,250(b) | | | | | | | 226,250(c) | | | | | | | 75,197(d) | | | | | | | 427,697 | | | |
| | Pauline D.E. Richards | | | | | | 136,250(b) | | | | | | | 236,250(c) | | | | | | | 43,825(d) | | | | | | | 416,325 | | | |
| |
Name
|
| | |
Fees Paid
in Cash ($) |
| | |
Stock
Awards ($) |
| | |
All Other
Compensation, Excluding Charitable Donations(i) ($) |
| | |
Total,
Excluding Charitable Donations(i) ($) |
| | ||||||||||||
| | Ms. Biblowit | | | | | | 130,000 | | | | | | | 230,000 | | | | | | | 3,475 | | | | | | | 363,475 | | | |
| | Mr. Buckman | | | | | | 165,000 | | | | | | | 265,000 | | | | | | | 197 | | | | | | | 430,197 | | | |
| | Mr. Churchill | | | | | | 135,000 | | | | | | | 235,000 | | | | | | | 2,288 | | | | | | | 372,288 | | | |
| | Mr. Deoras | | | | | | 126,250 | | | | | | | 226,250 | | | | | | | 1,069 | | | | | | | 353,569 | | | |
| | Mr. Holmes | | | | | | 170,000 | | | | | | | 270,000 | | | | | | | 49,903 | | | | | | | 489,903 | | | |
| | Mr. Nelson | | | | | | 126,250 | | | | | | | 226,250 | | | | | | | 197 | | | | | | | 352,697 | | | |
| | Ms. Richards | | | | | | 136,250 | | | | | | | 236,250 | | | | | | | 4,825 | | | | | | | 377,325 | | | |
Name
|
| |
Number of Shares
|
| |
% of Class
|
| ||||||
The Vanguard Group | | | | | 8,542,529(a) | | | | | | 9.17% | | |
BlackRock, Inc. | | | | | 7,832,589(b) | | | | | | 8.4% | | |
Capital Research Global Investors | | | | | 6,837,833(c) | | | | | | 7.3% | | |
Michele Allen | | | | | 37,454(d)(e) | | | | | | * | | |
Geoffrey A. Ballotti | | | | | 759,571(d)(e) | | | | | | * | | |
Myra J. Biblowit | | | | | 87,080(d)(f) | | | | | | * | | |
James E. Buckman | | | | | 80,959(d)(f) | | | | | | * | | |
Paul F. Cash | | | | | 83,775(d)(e) | | | | | | * | | |
Lisa Checchio | | | | | 52,512(d)(e) | | | | | | * | | |
Bruce B. Churchill | | | | | 13,445(d)(f) | | | | | | * | | |
Mukul V. Deoras | | | | | 12,910(d)(f) | | | | | | * | | |
Mary R. Falvey | | | | | 58,377(d) | | | | | | * | | |
Stephen P. Holmes | | | | | 452,713(d)(f) | | | | | | * | | |
Scott LePage | | | | | 23,096(d)(e) | | | | | | * | | |
Ronald L. Nelson | | | | | 36,799(d)(f) | | | | | | * | | |
Pauline D.E. Richards | | | | | 62,564(d)(f) | | | | | | * | | |
All Directors and executive officers as a group (15 persons)
|
| | | | 1,787,727(g) | | | | | | 1.91% | | |
| | |
1 Year
|
| |
3 Year
|
| ||||||
Wyndham Hotels & Resorts | | | | | 52% | | | | | | 106% | | |
S&P 500 Index | | | | | 28% | | | | | | 92% | | |
S&P Hotels, Resorts & Cruise Lines Index | | | | | 25% | | | | | | 1% | | |
| Boyd Gaming Corp. | | | Hyatt Hotels Corporation | |
| Brinker International, Inc. | | | Marriott International | |
| Chipotle Mexican Grill, Inc. | | | Penn National Gaming, Inc. | |
| Choice Hotels International, Inc. | | | Ryman Hospitality Properties, Inc. | |
| Dunkin’ Brands Group, Inc. | | | TripAdvisor, Inc. | |
| Extended Stay America, Inc. | | | Wynn Resorts, Limited | |
| Hilton Worldwide Holdings Inc. | | | YUM! Brands, Inc. | |
| |
Performance Achievement
as % of EBIT Per Share Target |
| | |
Level of Vesting
as % of Total PVRSUs |
| |
| |
96% of Target Level
|
| | |
0% of PVRSUs
|
| |
| |
97% of Target Level
|
| | |
25% of PVRSUs
|
| |
| |
98% of Target Level
|
| | |
50% of PVRSUs
|
| |
| |
99% of Target Level
|
| | |
75% of PVRSUs
|
| |
| |
100% of Target Level
|
| | |
100% of PVRSUs
|
| |
| |
Name & Principal Position
|
| | |
Year
|
| | |
Salary
($) |
| | |
Bonus
($) |
| | |
Stock
Awards ($)(a) |
| | |
Option
Awards ($)(a) |
| | |
Non-Equity
Incentive Plan Compensation ($)(b) |
| | |
All Other
Compensation ($)(c) |
| | |
Total
($) |
| | |||||||||||||||||||||
| |
Geoffrey A. Ballotti
President and Chief Executive Officer |
| | | | | 2021 | | | | | | | 1,030,011 | | | | |
–
|
| | | | | 13,000,000 | | | | | | | 1,600,000 | | | | | | | 2,317,524 | | | | | | | 262,004 | | | | | | | 18,209,539 | | | |
| | | 2020 | | | | | | | 676,775 | | | | |
–
|
| | | | | 2,250,000 | | | | | | | 2,250,000 | | | | | | | 1,158,750 | | | | | | | 168,638 | | | | | | | 6,504,163 | | | | |||||
| | | 2019 | | | | | | | 999,999 | | | | |
–
|
| | | | | 2,000,000 | | | | | | | 2,000,000 | | | | | | | 1,499,999 | | | | | | | 218,864 | | | | | | | 6,718,862 | | | | |||||
| |
Michele Allen
Chief Financial Officer |
| | | | | 2021 | | | | | | | 500,009 | | | | |
–
|
| | | | | 2.609,375 | | | | | | | – | | | | | | | 562,510 | | | | | | | 127,553 | | | | | | | 3,799,447 | | | |
| | | 2020 | | | | | | | 500,000 | | | | |
–
|
| | | | | 1,125,000 | | | | | | | 375,000 | | | | | | | 281,255 | | | | | | | 110,046 | | | | | | | 2,391,301 | | | | |||||
| | | 2019 | | | | | | | 385,323 | | | | |
–
|
| | | | | 393,750 | | | | | | | 131,250 | | | | | | | 201,585 | | | | | | | 91,675 | | | | | | | 1,203,583 | | | | |||||
| |
Paul F. Cash
General Counsel, Chief Compliance Officer and Corporate Secretary |
| | | | | 2021 | | | | | | | 475,002 | | | | |
–
|
| | | | | 2,083,334 | | | | | | | – | | | | | | | 534,377 | | | | | | | 122,758 | | | | | | | 3,215,471 | | | |
| | | 2020 | | | | | | | 463,463 | | | | |
–
|
| | | | | 937,500 | | | | | | | 312,500 | | | | | | | 260,698 | | | | | | | 121,449 | | | | | | | 2,095,610 | | | | |||||
| | | 2019 | | | | | | | 400,000 | | | | |
–
|
| | | | | 750,000 | | | | | | | 250,000 | | | | | | | 300,000 | | | | | | | 104,783 | | | | | | | 1,804,783 | | | | |||||
| |
Lisa Checchio (d)
Chief Marketing Officer |
| | | | | 2021 | | | | | | | 425,006 | | | | |
–
|
| | | | | 1,531,250 | | | | | | | – | | | | | | | 478,132 | | | | | | | 100,928 | | | | | | | 2,535,316 | | | |
| | | 2020 | | | | | | | 413,468 | | | | |
–
|
| | | | | 750,000 | | | | | | | 250,000 | | | | | | | 222,479 | | | | | | | 63,670 | | | | | | | 1,699,617 | | | | |||||
| | | 2019 | | | | | | | – | | | | |
–
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | |||||
| |
Scott LePage (d)
President, the Americas |
| | | | | 2021 | | | | | | | 425,006 | | | | |
–
|
| | | | | 1,437,500 | | | | | | | – | | | | | | | 478,132 | | | | | | | 63,649 | | | | | | | 2,404,287 | | | |
| | | 2020 | | | | | | | – | | | | |
–
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | |||||
| | | 2019 | | | | | | | – | | | | |
–
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | |||||
| |
Mary R. Falvey (e)
Former Chief Administrative Officer |
| | | | | 2021 | | | | | | | 100,039 | | | | |
–
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | 3,545,980 | | | | | | | 3,646,019 | | | |
| | | 2020 | | | | | | | 510,000 | | | | |
–
|
| | | | | 1,125,000 | | | | | | | 375,000 | | | | | | | 382,500 | | | | | | | 156,192 | | | | | | | 2,548,692 | | | | |||||
| | | 2019 | | | | | | | 510,000 | | | | |
–
|
| | | | | 1,125,000 | | | | | | | 375,000 | | | | | | | 510,000 | | | | | | | 159,376 | | | | | | | 2,679,376 | | | |
| | | | | |
Mr. Ballotti
($) |
| | |
Ms. Allen
($) |
| | |
Mr. Cash
($) |
| | |
Ms. Checchio
($) |
| | |
Mr. LePage
($) |
| | |
Ms. Falvey
($) |
| | ||||||||||||||||||
| | Personal use of aircraft (a) | | | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | ||||||||||||||||||
| | Company automobile (b) | | | | | | 27,102 | | | | | | | 17,860 | | | | | | | 15,449 | | | | | | | 16,715 | | | | | | | 15,275 | | | | | | | 11,075 | | | |
| | Financial planning services (c) | | | | | | 7,803 | | | | | | | 6,508 | | | | | | | 6,508 | | | | |
–
|
| | | | | 4,948 | | | | | | | 6,508 | | | | |||
| | 401(k) Company match | | | | | | 14,500 | | | | | | | 14,500 | | | | | | | 14,500 | | | | | | | 14,500 | | | | | | | 14,500 | | | | | | | 5,002 | | | |
| |
Deferred compensation Company match
|
| | | | | 200,852 | | | | | | | 63,751 | | | | | | | 60,563 | | | | | | | 54,188 | | | | | | | 25,500 | | | | | | | 6,002 | | | |
| | Annual physical (d) | | | | | | 11,000 | | | | | | | 11,000 | | | | | | | 4,500 | | | | | | | 4,500 | | | | |
–
|
| | | | | 4,500 | | | | |||
| | Aggregate tax gross-up (e) | | | |
–
|
| | | | | 13,187 | | | | | | | 20,688 | | | | | | | 10,278 | | | | | | | 2,876 | | | | | | | 14,119 | | | | |||
| | Severance (f) | | | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 3,498,577 | | | | |||||||||||||||
| | Other (g) | | | | | | 747 | | | | | | | 747 | | | | | | | 550 | | | | | | | 747 | | | | | | | 550 | | | | | | | 197 | | | |
| |
Total
|
| | | | | 262,004 | | | | | | | 127,553 | | | | | | | 122,758 | | | | | | | 100,928 | | | | | | | 63,649 | | | | | | | 3,545,980 | | | |
| |
Name
|
| | |
Award
Type (a) |
| | |
Grant
Date |
| | |
Estimated Possible Payouts
Under Non-Equity Incentive Plan Awards (b) |
| | |
Estimated Possible Payouts
Under Equity Incentive Plan Awards (c) |
| | |
All Other
Stock Awards: Number of Shares of Stock or Units (#) |
| | |
All Other
Option Awards: Number of Securities Underlying Options (#) |
| | |
Exercise
or Base Price of Option Awards ($) |
| | |
Grant
Date Fair Value of Stock and Option Awards ($) |
| | ||||||||||||||||||||||||||||||||||||||||||||||
|
Threshold
($) |
| | |
Target
($) |
| | |
Maximum
($) |
| | |
Threshold
(#) |
| | |
Target
(#) |
| | |
Maximum
(#) |
| | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Mr. Ballotti | | | |
RSU
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 150,283 | | | | |
–
|
| | |
–
|
| | | | | 9,800,000 | | | | ||||||||||||||||||||||||
| | | | | |
Option
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 81,716 | | | | | | | 65.21 | | | | | | | 1,600,000 | | | | |||||||||||||||||||||
| | | | | |
PVRSUs
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 1 | | | | | | | 49,072 | | | | | | | 49,072 | | | | |
–
|
| | |
–
|
| | |
–
|
| | | | | 3,200,000 | | | | ||||||||||||||||||
| | | | | |
2021 AIP
|
| | |
(b)
|
| | | | | 772,500 | | | | | | | 1,545,000 | | | | | | | 2,317,500 | | | | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |||||||||||||||||||||
| | Ms. Allen | | | |
RSU
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 32,011 | | | | |
–
|
| | |
–
|
| | | | | 2,087,500 | | | | ||||||||||||||||||||||||
| | | | | |
PVRSUs
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 1 | | | | | | | 8,002 | | | | | | | 8,002 | | | | |
–
|
| | |
–
|
| | |
–
|
| | | | | 521,875 | | | | ||||||||||||||||||
| | | | | |
2021 AIP
|
| | |
(b)
|
| | | | | 187,500 | | | | | | | 375,000 | | | | | | | 562,500 | | | | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |||||||||||||||||||||
| | Mr. Cash | | | |
RSU
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 25,558 | | | | |
–
|
| | |
–
|
| | | | | 1,666,667 | | | | ||||||||||||||||||||||||
| | | | | |
PVRSUs
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 1 | | | | | | | 6,389 | | | | | | | 6,389 | | | | |
–
|
| | |
–
|
| | |
–
|
| | | | | 416,667 | | | | ||||||||||||||||||
| | | | | |
2021 AIP
|
| | |
(b)
|
| | | | | 178,125 | | | | | | | 356,250 | | | | | | | 534,375 | | | | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |||||||||||||||||||||
| | Ms. Checchio | | | |
RSU
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 18,785 | | | | |
–
|
| | |
–
|
| | | | | 1,225,000 | | | | ||||||||||||||||||||||||
| | | | | |
PVRSUs
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 1 | | | | | | | 4,696 | | | | | | | 4,696 | | | | |
–
|
| | |
–
|
| | |
–
|
| | | | | 306,250 | | | | ||||||||||||||||||
| | | | | |
2021 AIP
|
| | |
(b)
|
| | | | | 159,375 | | | | | | | 318,750 | | | | | | | 478,125 | | | | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |||||||||||||||||||||
| | Mr. LePage | | | |
RSU
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 17,635 | | | | |
–
|
| | |
–
|
| | | | | 1,150,000 | | | | ||||||||||||||||||||||||
| | | | | |
PVRSUs
|
| | |
2/23/21
|
| | |
–
|
| | |
–
|
| | |
–
|
| | | | | 1 | | | | | | | 4,408 | | | | | | | 4,408 | | | | |
–
|
| | |
–
|
| | |
–
|
| | | | | 287,500 | | | | ||||||||||||||||||
| | | | | |
2021 AIP
|
| | |
(b)
|
| | | | | 159,375 | | | | | | | 318,750 | | | | | | | 478,125 | | | | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| |
| |
Name
|
| | |
Grant Date
|
| | |
Option Awards
|
| | |
Stock Awards
|
| | ||||||||||||||||||||||||||||||||||||||||||||||||
|
Number of Securities
Underlying Unexercised Options (#) |
| | |
Option
Exercise Price ($) |
| | |
Option
Expiration Date |
| | |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| | |
Market
Value of Shares or Units of Stock That Have Not Vested ($)(a) |
| | |
Equity
Incentive Plan Awards: Number of Unearned Shares or Units That Have Not Vested (#) |
| | |
Equity
Incentive Plan Awards: Market Value of Unearned Shares, or Units That Have Not Vested ($)(a) |
| | |||||||||||||||||||||||||||||||||||||
|
Exercisable
|
| | |
Unexercisable
|
| | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| | Mr. Ballotti | | | |
6/01/2018
|
| | | | | 159,982 | | | | | | | 53,328(b) | | | | | | | 61.40 | | | | | | | 6/01/2024 | | | | | | | 10,179(c) | | | | | | | 912,547 | | | | | | | – | | | | | | | – | | | |
| | | | | |
2/27/2019
|
| | | | | 95,602 | | | | | | | 95,602(d) | | | | | | | 52.44 | | | | | | | 2/27/2029 | | | | | | | 19,069(e) | | | | | | | 1,709,536 | | | | | | | 0(f) | | | | | | | – | | | |
| | | | | |
2/25/2020
|
| | | | | 65,483 | | | | | | | 196,449(g) | | | | | | | 53.40 | | | | | | | 2/25/2026 | | | | | | | 31,601(h) | | | | | | | 2,833,030 | | | | | | | 42,134(i) | | | | | | | 3,777,313 | | | |
| | | | | |
2/23/2021
|
| | | | | – | | | | | | | 81,716(j) | | | | | | | 65.21 | | | | | | | 2/23/2027 | | | | | | | 73,608(k) | | | | | | | 6,598,957 | | | | | | | 49,072(l) | | | | | | | 4,399,305 | | | |
| | | | | |
2/23/2021
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 76,675(m) | | | | | | | 6,873,914 | | | | | | | – | | | | | | | – | | | |
| | Ms. Allen | | | |
6/01/2018
|
| | | | | – | | | | | | | 2,667(b) | | | | | | | 61.40 | | | | | | | 6/01/2024 | | | | | | | 1,527(c) | | | | | | | 136,896 | | | | | | | – | | | | | | | – | | | |
| | | | | |
2/27/2019
|
| | | | | – | | | | | | | 6,274(d) | | | | | | | 52.44 | | | | | | | 2/27/2029 | | | | | | | 3,754(e) | | | | | | | 336,546 | | | | | | | 0(f) | | | | | | | – | | | |
| | | | | |
2/25/2020
|
| | | | | – | | | | | | | 32,742(g) | | | | | | | 53.40 | | | | | | | 2/25/2026 | | | | | | | 15,801(h) | | | | | | | 1,416,560 | | | | | | | 7,022(i) | | | | | | | 629,522 | | | |
| | | | | |
2/23/2021
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 32,011(k) | | | | | | | 2,869,786 | | | | | | | 8,002(l) | | | | | | | 717,379 | | | |
| | Mr. Cash | | | |
6/01/2018
|
| | | | | 15,998 | | | | | | | 5,333(b) | | | | | | | 61.40 | | | | | | | 6/01/2024 | | | | | | | 3,054(c) | | | | | | | 273,791 | | | | | | | – | | | | | | | – | | | |
| | | | | |
2/27/2019
|
| | | | | 11,950 | | | | | | | 11,950(d) | | | | | | | 52.44 | | | | | | | 2/27/2029 | | | | | | | 7,151(e) | | | | | | | 641,087 | | | | | | | 0(f) | | | | | | | – | | | |
| | | | | |
2/25/2020
|
| | | | | 9,094 | | | | | | | 27,285(g) | | | | | | | 53.40 | | | | | | | 2/25/2026 | | | | | | | 13,167(h) | | | | | | | 1,180,422 | | | | | | | 5,852(i) | | | | | | | 524,632 | | | |
| | | | | |
2/23/2021
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 25,558(k) | | | | | | | 2,291,275 | | | | | | | 6,389(l) | | | | | | | 572,774 | | | |
| | Ms. Checchio | | | |
6/01/2018
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 1,222(c) | | | | | | | 109,552 | | | | | | | – | | | | | | | – | | | |
| | | | | |
2/27/2019
|
| | | | | 8,962 | | | | | | | 8,963(d) | | | | | | | 52.44 | | | | | | | 2/27/2029 | | | | | | | 5,363(e) | | | | | | | 480,793 | | | | | | | 0(f) | | | | | | | – | | | |
| | | | | |
2/25/2020
|
| | | | | 7,275 | | | | | | | 21,828(g) | | | | | | | 53.40 | | | | | | | 2/25/2026 | | | | | | | 10,533(h) | | | | | | | 944,283 | | | | | | | 4,681(i) | | | | | | | 419,652 | | | |
| | | | | |
2/23/2021
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 18,785(k) | | | | | | | 1,684,075 | | | | | | | 4,696(l) | | | | | | | 420,996 | | | |
| | Mr. LePage | | | |
6/01/2018
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 1,018(c) | | | | | | | 91,264 | | | | | | | – | | | | | | | – | | | |
| | | | | |
2/27/2019
|
| | | | | 3,585 | | | | | | | 3,585(d) | | | | | | | 52.44 | | | | | | | 2/27/2029 | | | | | | | 2,145(e) | | | | | | | 192,299 | | | | | | | 0(f) | | | | | | | – | | | |
| | | | | |
2/25/2020
|
| | | | | 2,910 | | | | | | | 8,731(g) | | | | | | | 53.40 | | | | | | | 2/25/2026 | | | | | | | 4,213(h) | | | | | | | 377,695 | | | | | | | 1,872(i) | | | | | | | 167,825 | | | |
| | | | | |
6/01/2020
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 9,294(n) | | | | | | | 833,207 | | | | | | | – | | | | | | | – | | | |
| | | | | |
2/23/2021
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 17,635(k) | | | | | | | 1,580,978 | | | | | | | 4,408(l) | | | | | | | 395,177 | | | |
| | Ms. Falvey | | | |
6/01/2018
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | |
| | | | | |
2/27/2019
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 0(f) | | | | | | | – | | | |
| | | | | |
2/25/2020
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | 4,681(i) | | | | | | | 419,652 | | | |
| | | | | |
2/23/2021
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | | | | | – | | | |
| |
Name
|
| | |
Option Awards
|
| | |
Stock Awards
|
| | ||||||||||||||||||||||||||||||||||
|
Date
|
| | |
Number of
Shares Acquired on Exercise (#) |
| | |
Value Realized
on Exercise ($)(a) |
| | |
Date
|
| | |
Number of
Wyndham Hotels Shares Acquired on Vesting (#) |
| | |
Value
Realized on Vesting ($)(b) |
| | |||||||||||||||||||||||
| |
Mr. Ballotti
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | 6/01/2021(c) | | | | | | | 10,179 | | | | | | | 774,622 | | | |
| | | – | | | | | | | – | | | | | | | – | | | | | | | 2/27/2021(d)(e) | | | | | | | 20,068 | | | | | | | 1,310,039 | | | | |||||
| |
Ms. Allen
|
| | | | | 11/18/2021 | | | | | | | 25,184 | | | | | | | 788,724 | | | | | | | 6/01/2021(c) | | | | | | | 1,527 | | | | | | | 116,205 | | | |
| | | – | | | | | | | – | | | | | | | – | | | | | | | 2/27/2021(d)(e) | | | | | | | 7,143 | | | | | | | 466,295 | | | | |||||
| |
Mr. Cash
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | 6/01/2021(c) | | | | | | | 3,053 | | | | | | | 232,333 | | | |
| | | – | | | | | | | – | | | | | | | – | | | | | | | 2/27/2021(d)(e) | | | | | | | 7,965 | | | | | | | 519,955 | | | | |||||
| |
Ms. Checchio
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | 6/01/2021(c) | | | | | | | 1,221 | | | | | | | 92,918 | | | |
| | | – | | | | | | | – | | | | | | | – | | | | | | | 2/27/2021(d)(e) | | | | | | | 6,193 | | | | | | | 404,279 | | | | |||||
| |
Mr. LePage
|
| | | | | – | | | | | | | – | | | | | | | – | | | | | | | 6/01/2021(c) | | | | | | | 4,115 | | | | | | | 313,152 | | | |
| | | – | | | | | | | – | | | | | | | – | | | | | | | 2/27/2021(d)(e) | | | | | | | 2,477 | | | | | | | 161,699 | | | | |||||
| |
Ms. Falvey
|
| | | | | 11/22/2021 | | | | | | | 80,710 | | | | | | | 2,429,238 | | | | | | | 3/10/2021 | | | | | | | 16,737 | | | | | | | 1,136,610 | | | |
| | | – | | | | | | | – | | | | | | | – | | | | | | | 2/27/2021(d) | | | | | | | 10,629 | | | | | | | 693,861 | | | |
| |
Name
|
| | |
Executive
Contributions in 2021 ($)(a) |
| | |
Company
Contributions in 2021 ($)(b) |
| | |
Aggregate
Earnings in 2021 ($)(c) |
| | |
Aggregate
Withdrawals/ Distributions ($) |
| | |
Aggregate
Balance at 12/31/2021 ($)(d) |
| | |||||||||||||||
| | Mr. Ballotti | | | | | | 200,852 | | | | | | | 200,852 | | | | | | | 741,534 | | | | | | | – | | | | | | | 6,666,877 | | | |
| | Ms. Allen | | | | | | 63,751 | | | | | | | 63,751 | | | | | | | 18,378 | | | | | | | (51,195) | | | | | | | 407,449 | | | |
| | Mr. Cash | | | | | | 60,563 | | | | | | | 60,563 | | | | | | | 65,888 | | | | | | | – | | | | | | | 842,553 | | | |
| | Ms. Checchio | | | | | | 54,188 | | | | | | | 54,188 | | | | | | | 18,083 | | | | | | | – | | | | | | | 175,849 | | | |
| |
Mr. LePage
Officer Deferred Compensation Plan Savings Restoration Plan |
| | | | | 25,500 | | | | | | | 25,500 | | | | | | | 9,643 | | | | | | | – | | | | | | | 157,229 | | | |
| | | – | | | | | | | – | | | | | | | 24,362 | | | | | | | – | | | | | | | 109,675 | | | | |||||
| | Ms. Falvey | | | | | | 6,002 | | | | | | | 6,002 | | | | | | | 816,418 | | | | | | | (4,431,135) | | | | | | | – | | | |
| |
Name
|
| | |
Termination Event
|
| | |
Cash
Severance ($)(a) |
| | |
Continuation
Of Medical Benefits ($)(b) |
| | |
Acceleration
of Equity Awards ($)(c) |
| | |
Total
Termination Payments ($) |
| |
| |
Mr. Ballotti
|
| | |
Voluntary Resignation, Retirement, Involuntary Termination for Cause
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| |
| Death or Disability | | | |
–
|
| | |
–
|
| | |
44,705,955
|
| | |
44,705,955
|
| | |||||
| Termination without Cause or Constructive Discharge | | | |
7,699,250
|
| | |
45,701
|
| | |
20,648,812
|
| | |
28,393,763
|
| | |||||
|
Qualifying Termination Following Change-in-Control
|
| | |
7,699,250
|
| | |
45,701
|
| | |
44,705,955
|
| | |
52,450,906
|
| | |||||
| |
Ms. Allen
|
| | |
Voluntary Resignation, Retirement, Involuntary Termination for Cause
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| |
| Death or Disability | | | |
–
|
| | |
–
|
| | |
7,826,689
|
| | |
7,826,689
|
| | |||||
|
Termination without Cause or Constructive Discharge
|
| | |
1,750,000
|
| | |
40,151
|
| | |
3,414,457
|
| | |
5,204,608
|
| | |||||
| Qualifying Termination Following Change-in-Control | | | |
1,750,000
|
| | |
40,151
|
| | |
7,826,689
|
| | |
9,616,840
|
| | |||||
| |
Mr. Cash
|
| | |
Voluntary Resignation, Retirement, Involuntary Termination for Cause
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| |
| Death or Disability | | | |
–
|
| | |
–
|
| | |
7,495,740
|
| | |
7,495,740
|
| | |||||
| Termination without Cause or Constructive Discharge | | | |
1,662,500
|
| | |
45,701
|
| | |
3,597,031
|
| | |
5,305,232
|
| | |||||
| Qualifying Termination Following Change-in-Control | | | |
1,662,500
|
| | |
45,701
|
| | |
7,495,740
|
| | |
9,203,941
|
| | |||||
| |
Ms. Checchio
|
| | |
Voluntary Resignation, Retirement, Involuntary Termination for Cause
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| |
| Death or Disability | | | |
–
|
| | |
–
|
| | |
5,504,629
|
| | |
5,504,629
|
| | |||||
| Termination without Cause or Constructive Discharge | | | |
1,487,500
|
| | |
–
|
| | |
2,536,909
|
| | |
4,024,409
|
| | |||||
| Qualifying Termination Following Change-in-Control | | | |
1,487,500
|
| | |
–
|
| | |
5,504,629
|
| | |
6,992,129
|
| | |||||
| |
Mr. LePage
|
| | |
Voluntary Resignation, Retirement, Involuntary Termination for Cause
|
| | |
–
|
| | |
–
|
| | |
–
|
| | |
–
|
| |
| Death or Disability | | | |
–
|
| | |
–
|
| | |
4,216,541
|
| | |
4,216,541
|
| | |||||
|
Termination without Cause or Constructive Discharge
|
| | |
1,487,500
|
| | |
–
|
| | |
1,717,734
|
| | |
3,205,234
|
| | |||||
|
Qualifying Termination Following Change-in-Control
|
| | |
1,487,500
|
| | |
–
|
| | |
4,216,541
|
| | |
5,704,041
|
| |
Type of Fees
|
| |
2021
|
| |
2020
|
| ||||||
Audit Fees | | | | $ | 3,291,000 | | | | | $ | 3,409,000 | | |
Audit-Related Fees | | | | | 268,000 | | | | | | 317,000 | | |
Tax Fees | | | | | 782,000 | | | | | | 952,000 | | |
All Other Fees | | | | | 324,000 | | | | | | — | | |
Total | | | | $ | 4,665,000 | | | | | $ | 4,678,000 | | |
| | |
Year Ended
December 31, 2021 |
| |
Year Ended
December 31, 2020 |
| ||||||
Net income/(loss) | | | | $ | 244 | | | | | $ | (132) | | |
Provision for/(benefit from) income taxes
|
| | | | 91 | | | | | | (26) | | |
Depreciation and amortization | | | | | 95 | | | | | | 98 | | |
Interest expense, net | | | | | 93 | | | | | | 112 | | |
Early extinguishment of debt (a) | | | | | 18 | | | | | | — | | |
Stock-based compensation expense | | | | | 28 | | | | | | 19 | | |
Development advance notes amortization (b)
|
| | | | 11 | | | | | | 9 | | |
Impairments, net (c) | | | | | 6 | | | | | | 206 | | |
Separation-related expenses (d) | | | | | 3 | | | | | | 2 | | |
Restructuring costs (e) | | | | | — | | | | | | 34 | | |
Transaction-related expenses, net (f) | | | | | — | | | | | | 12 | | |
Foreign currency impact of highly inflationary countries (g)
|
| | | | 1 | | | | | | 2 | | |
Adjusted EBITDA | | | | $ | 590 | | | | | $ | 336 | | |
| | |
Year Ended
December 31, |
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Diluted earnings/(loss) per share
|
| | | $ | 2.60 | | | |
(1.42)
|
| |||
Net income/(loss)
|
| | | $ | 244 | | | |
(132)
|
| |||
Adjustments: | | | | | | | | | | | | | |
Early extinguishment of debt (a)
|
| | | | 18 | | | | | | — | | |
Acquisition-related amortization expense (b)
|
| | | | 38 | | | | | | 37 | | |
Impairments, net
|
| | | | 6 | | | | | | 206 | | |
Separation-related expenses
|
| | | | 3 | | | | | | 2 | | |
Foreign currency impact of highly inflationary countries
|
| | | | 1 | | | | | | 2 | | |
Restructuring costs
|
| | | | — | | | | | | 34 | | |
Transaction-related expenses, net
|
| | | | — | | | | | | 12 | | |
Total adjustments before tax
|
| | | | 66 | | | | | | 293 | | |
Income tax provision (c)
|
| | | | 13 | | | | | | 65 | | |
Total adjustments after tax | | | | | 53 | | | | | | 228 | | |
Adjusted net income | | | | $ | 297 | | | | | | 96 | | |
Adjustments — EPS impact | | | | | 0.56 | | | | | | 2.45 | | |
Adjusted diluted EPS | | | | $ | 3.16 | | | | | | 1.03 | | |
Diluted weighted average shares outstanding
|
| | | | 93.9 | | | | | | 93.5 | | |
| | |
Year Ended December 31, 2021
|
| |||||||||
| | |
2021
|
| |
2020
|
| ||||||
Net cash provided by operating activities (a) | | | | $ | 426 | | | | | $ | 67 | | |
Less: Property and equipment additions | | | | | (37) | | | | | | (33) | | |
Free cash flow | | | | $ | 389 | | | | | $ | 34 | | |