Travel + Leisure Management

Management criteria checks 3/4

Travel + Leisure's CEO is Mike Brown, appointed in May 2018, has a tenure of 6.5 years. total yearly compensation is $12.42M, comprised of 10.5% salary and 89.5% bonuses, including company stock and options. directly owns 0.41% of the company’s shares, worth $15.68M. The average tenure of the management team and the board of directors is 6.4 years and 8 years respectively.

Key information

Mike Brown

Chief executive officer

US$12.4m

Total compensation

CEO salary percentage	10.5%
CEO tenure	6.5yrs
CEO ownership	0.4%
Management average tenure	6.4yrs
Board average tenure	8yrs

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
Sep 30 2024	n/a	n/a	US$389m
Jun 30 2024	n/a	n/a	US$402m
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 ($USD12.42M) is above average for companies of similar size in the UK market ($USD2.75M).

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

CEO

Mike Brown (53 yo)

6.5yrs

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	6.5yrs	US$12.42m	0.41% $ 15.7m
Michael Hug	Chief Financial Officer	6.4yrs	US$4.76m	0.21% $ 7.9m
Jeffrey Myers	Chief Sales & Marketing Officer of Vacation Ownership	6.4yrs	US$4.61m	0.21% $ 8.2m
Geoffrey Richards	Chief Operating Officer - Vacation Ownership	no data	US$4.54m	0.18% $ 7.0m
Thomas Duncan	Senior VP & Chief Accounting Officer	2.2yrs	no data	0.033% $ 1.3m
Sy Esfahani	Chief Technology Officer	3yrs	no data	0.024% $ 912.3k
Christopher Agnew	Senior VP of FP&A and Investor Relations	no data	no data	no data
James Savina	General Counsel & Corporate Secretary	6.4yrs	US$2.35m	0.039% $ 1.5m
Amandine Robin-Caplan	Chief Brand & Communications Officer	1.3yrs	no data	no data
Michael Valentino	Vice President of Marketing and Communications	11.8yrs	no data	no data
Kimberly Marshall	Chief Human Resources Officer	6.4yrs	no data	0.080% $ 3.1m
Bill Schnepp	Executive Vice President of Marketing for Wyndham Vacation Clubs	5.8yrs	no data	no data

6.4yrs

Average Tenure

53yo

Average Age

Experienced Management: 0M1K's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michael Brown	CEO, President & Director	6.5yrs	US$12.42m	0.41% $ 15.7m
James Buckman	Independent Lead Director	18.3yrs	US$509.11k	0.010% $ 393.9k
Stephen Holmes	Non-Executive Chairman of the Board	18.3yrs	US$505.87k	0.53% $ 20.4m
George Herrera	Independent Director	18.3yrs	US$419.62k	0% $ 0
Denny Post	Independent Director	6.5yrs	US$421.76k	0.015% $ 561.6k
Michael Wargotz	Independent Director	18.3yrs	US$441.21k	0.0011% $ 40.8k
Louise Brady	Independent Director	8yrs	US$474.13k	0% $ 0
Ronald Rickles	Independent Director	6.4yrs	US$474.38k	0.052% $ 2.0m
Lucinda Martinez	Independent Director	3yrs	US$356.62k	0.016% $ 625.0k

8.0yrs

Average Tenure

66yo

Average Age

Experienced Board: 0M1K's board of directors are considered experienced (8 years average tenure).

Travel + Leisure Management

Management criteria checks 3/4

Key information

Recent management updates

Non-Executive Chairman of the Board recently sold US$3.8m worth of stock

Chief Ethics & Compliance Officer recently sold US$282k worth of stock

Chief Ethics & Compliance Officer recently sold US$678k worth of stock

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

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

Insider recently sold US$829k worth of stock

Recent updates

Third quarter dividend of US$0.50 announced

Travel + Leisure Co. Declares Regular Cash Dividend, Payable on December 31, 2024

Investor sentiment improves as stock rises 19%

New minor risk - Insider selling

Non-Executive Chairman of the Board recently sold US$3.8m worth of stock

Third quarter 2024 earnings released: EPS: US$1.39 (vs US$1.50 in 3Q 2023)

Travel + Leisure Co. to Recommend Fourth Quarter Dividend

Travel + Leisure Co. to Report Q3, 2024 Results on Oct 23, 2024

Upcoming dividend of US$0.50 per share

Second quarter dividend of US$0.50 announced

Travel + Leisure Co. Declares Regular Cash Dividend, Payable on September 30, 2024

New minor risk - Share price stability

Travel + Leisure Co. Provides Sales Guidance for the Third Quarter and Full Year 2024

Travel + Leisure Co. Proposes Dividend for the Third Quarter 2024

Travel + Leisure Co.(NYSE:TNL) dropped from Russell Midcap Growth Index

Travel + Leisure Co. to Report Q2, 2024 Results on Jul 24, 2024

Upcoming dividend of US$0.50 per share

Investor sentiment improves as stock rises 28%

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

Chief Ethics & Compliance Officer recently sold US$282k worth of stock

Fourth quarter dividend increased to US$0.50

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

Investor sentiment improves as stock rises 28%

Chief Ethics & Compliance Officer recently sold US$678k 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

Investor sentiment improves as stock rises 43%

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

Investor sentiment improves as stock rises 43%

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

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

Investor sentiment improves as stock rises 57%

Insider recently sold US$829k worth of stock

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

Investor sentiment improves as stock rises 56%

New minor risk - Insider selling

Investor sentiment improves as stock rises 68%

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

Investor sentiment improves as stock rises 75%

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

Travel + Leisure Co. to Recommend Fourth Quarter Dividend

Investor sentiment improves as stock rises 71%

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

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

Investor sentiment improves as stock rises 52%

Investor sentiment improves as stock rises 44%

Upcoming dividend of US$0.45 per share at 4.7% yield

Investor sentiment improves as stock rises 40%

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

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

Travel + Leisure Co. Recommends Third Quarter Dividend

Insufficient new directors

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age