Travel + Leisure Management

Management criteria checks 3/4

Travel + Leisure's CEO is Mike Brown, appointed in May 2018, has a tenure of 6.08 years. total yearly compensation is $12.42M, comprised of 10.5% salary and 89.5% bonuses, including company stock and options. directly owns 0.39% of the company’s shares, worth €11.57M. The average tenure of the management team and the board of directors is 6 years and 7.6 years respectively.

Key information

Mike Brown

Chief executive officer

US$12.4m

Total compensation

CEO salary percentage	10.5%
CEO tenure	6.1yrs
CEO ownership	0.4%
Management average tenure	6yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mike Brown's remuneration changed compared to Travel + Leisure's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$394m
Dec 31 2023	US$12m	US$1m	US$391m
Sep 30 2023	n/a	n/a	US$352m
Jun 30 2023	n/a	n/a	US$357m
Mar 31 2023	n/a	n/a	US$368m
Dec 31 2022	US$12m	US$1m	US$356m
Sep 30 2022	n/a	n/a	US$376m
Jun 30 2022	n/a	n/a	US$362m
Mar 31 2022	n/a	n/a	US$335m
Dec 31 2021	US$11m	US$1m	US$313m
Sep 30 2021	n/a	n/a	US$208m
Jun 30 2021	n/a	n/a	US$147m
Mar 31 2021	n/a	n/a	-US$90m
Dec 31 2020	US$13m	US$906k	-US$253m
Sep 30 2020	n/a	n/a	-US$103m
Jun 30 2020	n/a	n/a	-US$8m
Mar 31 2020	n/a	n/a	US$274m
Dec 31 2019	US$8m	US$1m	US$489m
Sep 30 2019	n/a	n/a	US$440m
Jun 30 2019	n/a	n/a	US$436m
Mar 31 2019	n/a	n/a	US$306m
Dec 31 2018	US$8m	US$868k	US$266m
Sep 30 2018	n/a	n/a	US$604m
Jun 30 2018	n/a	n/a	US$574m
Mar 31 2018	n/a	n/a	US$600m
Dec 31 2017	US$4m	US$485k	US$645m

Compensation vs Market: Mike's total compensation ($USD12.42M) is above average for companies of similar size in the German market ($USD2.13M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.

CEO

Mike Brown (53 yo)

6.1yrs

Tenure

US$12,424,078

Compensation

Mr. Michael D. Brown, also known as Mike, has been Director, President and Chief Executive Officer at Travel + Leisure Co. (formerly, Wyndham Destinations,Inc). since May 2018. Mr. Brown was the Chief Exec...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michael Brown	CEO, President & Director	6.1yrs	US$12.42m	0.39% $ 11.6m
Michael Hug	Chief Financial Officer	6yrs	US$4.76m	0.20% $ 5.8m
Geoffrey Richards	Chief Operating Officer of Wyndham Destinations	no data	US$4.54m	0.19% $ 5.6m
Jeffrey Myers	Chief Sales & Marketing Officer of Wyndham Destinations	6yrs	US$4.61m	0.21% $ 6.1m
Thomas Duncan	Senior VP & Chief Accounting Officer	1.8yrs	no data	0.031% $ 929.7k
Sy Esfahani	Chief Technology Officer	2.6yrs	no data	0.023% $ 673.0k
Christopher Agnew	Senior VP of FP&A and Investor Relations	no data	no data	no data
James Savina	Chief Ethics & Compliance Officer	6.2yrs	US$2.35m	0.037% $ 1.1m
Amandine Robin-Caplan	Chief Brand & Communications Officer	less than a year	no data	no data
Michael Valentino	Vice President of Marketing and Communications	11.3yrs	no data	no data
Kimberly Marshall	Chief Human Resources Officer	6yrs	no data	0.077% $ 2.3m
Barry Robinson	President & MD of International Operations of Wyndham Destinations	6yrs	no data	no data

6.0yrs

Average Tenure

53yo

Average Age

Experienced Management: WD5A's management team is seasoned and experienced (6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Brown	CEO, President & Director	6.1yrs	US$12.42m	0.39% $ 11.6m
James Buckman	Independent Lead Director	17.9yrs	US$509.11k	0.0098% $ 290.5k
Stephen Holmes	Non-Executive Chairman of the Board	17.9yrs	US$505.87k	0.62% $ 18.4m
George Herrera	Independent Director	17.9yrs	US$419.62k	0.0031% $ 91.1k
Denny Post	Independent Director	6.1yrs	US$421.76k	0.014% $ 414.1k
Michael Wargotz	Independent Director	17.9yrs	US$441.21k	0.0010% $ 29.9k
Louise Brady	Independent Director	7.6yrs	US$474.13k	0% $ 0
Ronald Rickles	Independent Director	6yrs	US$474.38k	0.050% $ 1.5m
Lucinda Martinez	Independent Director	2.6yrs	US$356.62k	0.016% $ 461.2k

7.6yrs

Average Tenure

66yo

Average Age

Experienced Board: WD5A's board of directors are considered experienced (7.6 years average tenure).

Travel + Leisure Management

Management criteria checks 3/4

Key information

Recent management updates

Chief Ethics & Compliance Officer recently sold €624k worth of stock

Travel + Leisure Co. Announces Ceasation of Olivier Chavy as President, Panorama and Travel + Leisure Clubs, Effective February 20, 2024

Insider recently sold €768k worth of stock

Travel + Leisure Co. Appoints Jon G. Muñoz as Senior Vice President, Environmental, Social, and Governance

Travel + Leisure Co. Appoints Jon G. Muñoz as Senior Vice President, Environmental, Social, and Governance

Travel + Leisure Co. Appoints Amandine Robin as Chief Brand and Communications Officer

Recent updates

Upcoming dividend of US$0.50 per share

First quarter dividend of US$0.50 announced

Travel + Leisure Co Declares Regular Cash Dividend, Payable June 28, 2024

First quarter 2024 earnings released: EPS: US$0.92 (vs US$0.81 in 1Q 2023)

Travel + Leisure Co. Recommends Second Quarter Dividend

Travel + Leisure Co. to Report Q1, 2024 Results on Apr 24, 2024

Fourth quarter dividend of US$0.50 announced

Travel + Leisure Co. Increases Quarterly Cash Dividend, Payable on March 29, 2024

Chief Ethics & Compliance Officer recently sold €624k worth of stock

Travel + Leisure Co. (NYSE:TNL) completed the acquisition of Accor Vacation Club from Accor SA (ENXTPA : AC).

Full year 2023 earnings released: EPS: US$5.25 (vs US$4.27 in FY 2022)

Travel + Leisure Co. Recommends Increasing First Quarter Dividend

Travel + Leisure Co. (NYSE:TNL) agreed an agreement to acquire Accor Vacation Club from AAPC Limited for $48.4 million.

Travel + Leisure Co. to Report Q4, 2023 Results on Feb 21, 2024

Travel + Leisure Co. Announces Ceasation of Olivier Chavy as President, Panorama and Travel + Leisure Clubs, Effective February 20, 2024

Insider recently sold €768k worth of stock

Upcoming dividend of US$0.45 per share at 4.8% yield

New minor risk - Insider selling

Travel + Leisure Co. Declares Cash Dividend, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$1.50 (vs US$1.40 in 3Q 2022)

Travel + Leisure Co. to Recommend Fourth Quarter Dividend

Travel + Leisure Co. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$0.45 per share at 4.6% yield

Travel + Leisure Co. Declares Cash Dividend, Payable on September 29, 2023

Travel + Leisure Co. Recommends Third Quarter Dividend

Second quarter 2023 earnings released: EPS: US$1.18 (vs US$1.18 in 2Q 2022)

Travel + Leisure Co. Appoints Jon G. Muñoz as Senior Vice President, Environmental, Social, and Governance

Travel + Leisure Co. Appoints Jon G. Muñoz as Senior Vice President, Environmental, Social, and Governance

Travel + Leisure Co. to Report Q2, 2023 Results on Jul 26, 2023

Travel + Leisure Co. Appoints Amandine Robin as Chief Brand and Communications Officer

Upcoming dividend of US$0.45 per share at 4.4% yield

Travel + Leisure Co. Declares Regular Cash Dividend, Payable on June 30, 2023

Insider recently sold €273k worth of stock

First quarter 2023 earnings released: EPS: US$0.81 (vs US$0.59 in 1Q 2022)

Now 21% undervalued after recent price drop

Insider recently sold €93k worth of stock

Full year 2022 earnings released: EPS: US$4.27 (vs US$3.62 in FY 2021)

Travel + Leisure Co. to Report Q4, 2022 Results on Feb 22, 2023

Independent Director recently sold €64k worth of stock

Upcoming dividend of US$0.40 per share

Travel + Leisure Co. Declares Regular Cash Dividend, Payable on December 30, 2022

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$1.40 (vs US$1.17 in 3Q 2021)

Travel + Leisure Co. Recommends Dividend for the Fourth Quarter

Travel + Leisure Co. to Report Q3, 2022 Results on Oct 27, 2022

Travel + Leisure Co. Announces Executive Changes

Upcoming dividend of US$0.40 per share

Independent Director recently sold €95k worth of stock

Travel + Leisure Co. Declares Cash Dividend, Payable on September 30, 2022

Insider recently sold €175k worth of stock

Second quarter 2022 earnings released: EPS: US$1.18 (vs US$0.85 in 2Q 2021)

Travel + Leisure Co. Recommends Third Quarter Dividend

Wyndham Destinations Introduces New Dual-Branded Resort to Downtown Atlanta

Travel + Leisure Co. to Report Q2, 2022 Results on Jul 28, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.40 per share

Travel + Leisure Co. Declares Regular Cash Dividend on the Company's Common Stock, Payable June 30, 2022

Travel + Leisure Co. Appoints Fiona Downing as Chief Membership Officer of Panorama and Travel + Leisure Club

First quarter 2022 earnings released: EPS: US$0.59 (vs US$0.34 in 1Q 2021)

Insufficient new directors

Travel + Leisure Co., Annual General Meeting, May 18, 2022

Travel + Leisure Co. to Report Q1, 2022 Results on Apr 28, 2022

Investor sentiment improved over the past week

Upcoming dividend of US$0.40 per share

Travel + Leisure Co. Declares Quarterly Cash Dividend, Payable on March 31, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Travel + Leisure Co. Recommends Dividend for the First Quarter of 2022

Now 21% undervalued

Now 21% undervalued