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    Mark D. Wang

    Chief Executive Officer (CEO) at Hilton Grand Vacations Inc
    Board
    Since January 2017
    Age
    67 years
    Tenure
    Joined HGV in 1999 as Managing Director in Hawaii and Asia Pacific, served as Executive Vice President and President from March 2008 to December 2016, and was promoted to CEO in January 2017.

    Also at Hilton Grand Vacations Inc

    CRC
    Charles R. Corbin
    Senior Executive Vice President, Chief Legal Officer, General Counsel & Corporate Operations, and Secretary
    GSG
    Gordon S. Gurnik
    Senior Executive Vice President and Chief Operating Officer
    DJM
    Daniel J. Mathewes
    President and Chief Financial Officer

    About

    Mark D. Wang is a seasoned executive currently serving as the CEO of Hilton Grand Vacations (HGV) and is 67 years old as of 2025. He embarked on his career at HGV in 1999 when he joined as the Managing Director for Hawaii and Asia Pacific, marking the beginning of a long tenure in the timeshare industry.

    Throughout his career at HGV, he has held multiple leadership roles. From March 2008 to December 2016, he served as Executive Vice President and President, overseeing global timeshare operations before transitioning to his current role as CEO in January 2017.

    Beyond his executive responsibilities at HGV, he has demonstrated significant industry influence by innovating sales and marketing strategies and contributing to key industry bodies such as serving on the board of the American Resort Development Association. His extensive experience and strategic leadership have been instrumental in transforming business operations into a more capital-efficient model.

    $HGV Performance Under Mark D. Wang

    Past Roles

    OrganizationRoleDate RangeDetails
    Hilton Grand Vacations (HGV)President; Executive VP of Hilton’s Executive CommitteeMarch 2008 - December 2016Oversaw global timeshare operations
    Hilton Grand Vacations (HGV)President of Global Sales for Hilton’s Hotel Division2013 - 2014Held a dual role concurrently
    Hilton Grand Vacations (HGV)Head of HGV Asia for HiltonPrior to March 2008N/A
    Hilton Grand Vacations (HGV)Managing Director of Hawaii and Asia PacificJoined in 1999; ended prior to later rolesN/A
    Independent Timeshare CompaniesCo-founder, President & COOPrior to joining HGVIntroduced the U.S. vacation ownership product to the Japanese market in 1987

    External Roles

    OrganizationRoleDate RangeDetails
    American Resort Development Association (ARDA)Board of DirectorsSince 2008 - PresentMember of the Executive Committee; previously served as chairman (2017-2019) and vice chairperson of ARDA-Hawaii for six years

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,200,000AnnualIncreased from 2023 base salary to align with market pay levels
    All Other Compensation$286,346AnnualComprises 401(k) match ($13,800), Recurring Perquisites/Other Benefits ($266,801), and Tax Gross-Ups ($5,745)

    Performance Compensation

    Data from  FY 2024

    Non-Equity Incentive Plan Compensation (Annual Cash Incentive)

    MetricValueCitation
    Economic Adjusted EBITDA (Weight)70%
    Total Economic Revenue (Weight)30%
    Economic Adjusted EBITDA Threshold$1,066.8 million
    Economic Adjusted EBITDA Target$1,255.0 - $1,275.0 million
    Economic Adjusted EBITDA Maximum$1,402.5 million
    Actual Economic Adjusted EBITDA$1,112.2 million (62% payout)
    Total Economic Revenue Threshold$4,373.7 million
    Total Economic Revenue Target$4,859.6 million
    Total Economic Revenue Maximum$5,345.6 million
    Actual Total Economic Revenue$4,560.8 million (69% payout)
    Total Payout$1,346,100 (64% of target)
    Evaluation PeriodFiscal Year 2024
    Payment ScheduleAnnual

    Transaction Incentive Awards (Bluegreen Acquisition)

    ComponentThresholdTargetMaximumVesting ScheduleAdditional DetailsCitation
    Performance RSUs25,383 units50,767 units101,534 unitsVest at end of period on Dec 31, 2025Grant Date: Mar 5, 2024; Fair Value: $2,249,993; Stock Price: $44.32 per share
    Performance Cash Awards$750,000$1,500,000$3,000,000First tranche: Sep 30, 2024; Second tranche: Jun 30, 2025Payout based on achievement of Run Rate Cost Savings goals

    Long-Term Incentive Awards (LTI)

    ComponentQuantity / ValueVesting ScheduleAdditional DetailsCitation
    Stock Options66,489 options; Fair Value: $1,499,992; Exercise Price: $44.32 per shareVest in 3 equal annual installments starting Mar 5, 2025; Expires Mar 5, 2034Part of LTI package valued within a total LTI of $6,000,000
    Service RSUs54,151 shares; Fair Value: $2,399,972Vest in 3 equal annual installments starting Mar 5, 2025Component of LTI
    Performance RSUsTarget: 47,382 units (Threshold: 23,691; Maximum: 94,764); Fair Value: $2,099,970Cliff vesting at end of 3-year period on Dec 31, 2026Based on Economic Adjusted EBITDA and Contract Sales performance
    Bluegreen Performance RSUsTarget: 50,767 units (Threshold: 25,383; Maximum: 101,534); Fair Value: $2,249,993Cliff vesting at end of performance period on Dec 31, 2025Tied to Run Rate Cost Savings and Adjusted EBITDA metrics

    Option Awards (as part of LTI)

    • Grant Date: Mar 5, 2024
    • Grant Date Fair Value: $1,499,992
    • Exercise Price: $44.32 per share
    • Options Granted: 66,489
    • Vesting Schedule: 3 equal annual installments starting on Mar 5, 2025, contingent on continued employment
    • Note: These are service-based awards without specific performance metrics.

    This comprehensive performance compensation section details the various incentive awards for 2024, including cash and equity components, their performance thresholds, targets, maximums, vesting schedules, evaluation periods, and exact dollar/share figures where available.