Mark D. Wang

Chief Executive Officer (CEO) at Hilton Grand Vacations

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

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

Organization	Role	Date Range	Details
Hilton Grand Vacations (HGV)	President; Executive VP of Hilton’s Executive Committee	March 2008 - December 2016	Oversaw global timeshare operations
Hilton Grand Vacations (HGV)	President of Global Sales for Hilton’s Hotel Division	2013 - 2014	Held a dual role concurrently
Hilton Grand Vacations (HGV)	Head of HGV Asia for Hilton	Prior to March 2008	N/A
Hilton Grand Vacations (HGV)	Managing Director of Hawaii and Asia Pacific	Joined in 1999; ended prior to later roles	N/A
Independent Timeshare Companies	Co-founder, President & COO	Prior to joining HGV	Introduced the U.S. vacation ownership product to the Japanese market in 1987

External Roles

Organization	Role	Date Range	Details
American Resort Development Association (ARDA)	Board of Directors	Since 2008 - Present	Member 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 Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,200,000	Annual	Increased from 2023 base salary to align with market pay levels
All Other Compensation	$286,346	Annual	Comprises 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)

Metric	Value	Citation
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 Period	Fiscal Year 2024
Payment Schedule	Annual

Transaction Incentive Awards (Bluegreen Acquisition)

Component	Threshold	Target	Maximum	Vesting Schedule	Additional Details	Citation
Performance RSUs	25,383 units	50,767 units	101,534 units	Vest at end of period on Dec 31, 2025	Grant Date: Mar 5, 2024; Fair Value: $2,249,993; Stock Price: $44.32 per share
Performance Cash Awards	$750,000	$1,500,000	$3,000,000	First tranche: Sep 30, 2024; Second tranche: Jun 30, 2025	Payout based on achievement of Run Rate Cost Savings goals

Long-Term Incentive Awards (LTI)

Component	Quantity / Value	Vesting Schedule	Additional Details
Stock Options	66,489 options; Fair Value: $1,499,992; Exercise Price: $44.32 per share	Vest in 3 equal annual installments starting Mar 5, 2025; Expires Mar 5, 2034	Part of LTI package valued within a total LTI of $6,000,000
Service RSUs	54,151 shares; Fair Value: $2,399,972	Vest in 3 equal annual installments starting Mar 5, 2025	Component of LTI
Performance RSUs	Target: 47,382 units (Threshold: 23,691; Maximum: 94,764); Fair Value: $2,099,970	Cliff vesting at end of 3-year period on Dec 31, 2026	Based on Economic Adjusted EBITDA and Contract Sales performance
Bluegreen Performance RSUs	Target: 50,767 units (Threshold: 25,383; Maximum: 101,534); Fair Value: $2,249,993	Cliff vesting at end of performance period on Dec 31, 2025	Tied 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.