Linda Marvin
Allegiant TravelAbout Linda A. Marvin
Independent director of Allegiant Travel Company (ALGT) since 2013; age 63. Former ALGT Chief Financial Officer (2001–2007), with prior audit and finance leadership experience at KPMG Peat Marwick, Mpower Communications, and airline finance roles at Business Express/Delta Connection and WestAir Commuter Airlines. Identified by the board as an audit committee financial expert and serves as Audit Committee Chair. Classified by the board as independent under Nasdaq rules.
Past Roles
| Organization | Role | Tenure | Highlights/Impact |
|---|---|---|---|
| Allegiant Travel Company | Chief Financial Officer | 2001–2007 | Deep knowledge of ALGT’s operations and finance; board cites her financial/accounting literacy and airline industry experience as key qualifications. |
| Mpower Communications | CFO; SVP Finance | 1996–2001 | Senior finance leadership in telecom; prior to joining ALGT. |
| Business Express/Delta Connection; WestAir Commuter Airlines | Finance/Accounting roles | Prior to 1996 | Airline finance and accounting roles before Mpower. |
| KPMG Peat Marwick | Audit Manager | Earlier career | Public accounting/audit credentials underpin audit committee financial expert designation. |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| The Animal Foundation | Chairman; Officer; Emeritus Board Member | Chairman 2013–2016; Officer 2017–Jan 2019; Emeritus since Jan 2019 | Philanthropic governance roles in Las Vegas. |
| Jazz Outreach Initiative (501c3) | Board Member | Since Aug 2023 | Non-profit board focused on jazz education. |
| U.S. Bank Advisory Board | Member | 2018–2022; since May 2023 | Advisory role; not a public company board directorship. |
Board Governance
- Committee assignments: Audit (Chair; financial expert), Nominating & Governance (member). The Audit Committee met five times in 2024; the Nominating & Governance Committee met two times (often within full board meetings).
- Independence: ALGT’s board determined Marvin is independent; only Gallagher and Anderson are non-independent.
- Attendance: The board met six times in 2024; each incumbent director attended >87% of combined board/committee meetings.
- Lead Independent Director: Ponder Harrison; independent directors hold quarterly executive sessions.
- Skills: Finance/capital, accounting, airline/transportation, strategic planning, senior leadership (per board skills matrix).
Fixed Compensation
| Component | Amount | Period/Notes |
|---|---|---|
| Annual cash retainer | $20,000 | Standard for directors. |
| Meeting fees | $5,000 per meeting | Paid per meeting attended. |
| Fees earned (cash) – Linda Marvin | $40,000 | 2024 total; excludes reimbursed expenses. |
| Perquisites | None >$10,000 | No tax gross-ups provided to directors. |
Performance Compensation
| Equity Type | Grant Date | Shares | Vesting | Performance Metrics |
|---|---|---|---|---|
| Restricted Stock (Director equity) | Oct 2022 | 10,000 | Time-based vesting over five years (effectively ~2,000 per year); forfeiture if board service ceases. | None (time-based, not performance-linked). |
- Directors did not receive new stock awards in 2024 because the multi-year 2022 grants cover 2022–2027 service.
Other Directorships & Interlocks
| Company | Public Company Board? | Role | Interlock/Conflict Notes |
|---|---|---|---|
| None disclosed | — | — | Board skills matrix indicates other public company board membership for Morgan and Pollard, not Marvin; Marvin’s external roles are advisory/non-profit. |
Expertise & Qualifications
- Designated Audit Committee financial expert; chairs the Audit Committee.
- Financial/accounting literacy and airline finance depth; prior ALGT CFO and KPMG audit manager.
- Strategic planning and senior leadership capabilities per skills matrix.
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Linda A. Marvin | 18,000 | <1% | Includes 5,000 restricted shares not yet vested as of proxy date; total shares outstanding 18,254,744 as of April 29, 2025. |
| Hedging/Pledging | Policy permits hedging/pledging; short sales prohibited | — | Company not aware of any such transactions by directors/officers as of proxy date. |
Governance Assessment
- Strengths: Independent director with deep finance/audit expertise; Audit Chair and financial expert designation support oversight of reporting, controls, and auditor independence. Board reports strong attendance (>87%); independent directors meet quarterly in executive session; lead independent director structure in place.
- Alignment: Director equity structured as multi-year restricted stock to align interests; modest cash retainers and no tax gross-ups/perk inflation for directors.
- Conflicts/Related Party: Company reports no related-party transactions >$120,000 involving directors/officers in 2024/2025 YTD; Audit Committee approval required for any future related-party transactions.
- Risk Indicators: Company permits hedging/pledging (hedging policy not restrictive), though no director transactions are known; this permissiveness can be a governance red flag despite current lack of activity. Short sales are prohibited.
RED FLAGS: Hedging/pledging allowed by policy (potential misalignment risk if utilized), though no director/officer activity is reported as of the proxy date.