Glenn Fusfield
Director at OSW
Board
About Glenn J. Fusfield
Glenn J. Fusfield (age 62) is an independent director of OneSpaWorld Holdings Limited, serving on the Board since March 2019. He holds a B.A. from the University of Denver School of Hotel Management and previously served as OSW’s Chief Executive Officer (2019–March 2021), bringing deep cruise operations expertise to the Board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| OneSpaWorld / OSW Predecessor | Chief Executive Officer | 2019–Mar 2021 | Led post-combination operations; retired to Board role |
| OSW Predecessor | President & CEO | Jul 2016–2019 | Operational leadership in maritime wellness |
| OSW Predecessor | President & COO | Apr 2007–Jul 2016 | Scaled operations globally |
| OSW Predecessor | Chief Operating Officer | Oct 2002–Apr 2007 | Operations management |
| Steiner Leisure | Chief Operating Officer | Jan 2001–Apr 2007 | Cruise wellness operations oversight |
| Carnival Cruise Lines | Director, Hotel Operations; VP, Hotel Operations | 1995–2000 | Cruise hotel operations leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| — | — | — | No other public company directorships disclosed for Mr. Fusfield |
Board Governance
- Committee assignments: Audit Committee member; the Audit Committee comprised McLallen (Chair), Fusfield, Hasiba, A. Heyer, and Powell in 2024–2025, meeting eight times in FY2024 .
- Independence: Board affirmatively determined Mr. Fusfield is independent under Nasdaq rules .
- Attendance: Board held seven regular meetings in FY2024; all directors attended ≥75% of Board and committee meetings except Mr. Magliacano (implying Mr. Fusfield met the threshold) .
- Board structure: Board is being declassified over three years beginning with 2025; full annual election from 2027 .
- Lead Independent Director: Stephen W. Powell .
- Hedging/pledging policy: Company prohibits hedging and pledging by directors and employees .
Fixed Compensation (Director)
| Year | Component | Amount | Notes |
|---|---|---|---|
| 2024 | Base cash retainer | $75,000 | Standard for non-employee directors |
| 2024 | Committee membership fee | $7,500 | Audit Committee member fee |
| 2024 | Total fees earned/paid in cash | $82,500 | Reflects $75k base + $7.5k committee fee; elected cash form for retainer |
| 2023 | Base cash retainer | $50,000 | Prior-year program; elected cash retainer |
| 2023 | Committee membership fee | — | Not itemized in the director table; program chair/member fees existed |
Program structure moved from $50k (2023) to $75k (2024 Board Year) for base director cash retainer; committee chair fees $30k (Audit), $25k (Comp & Nominating), and $7.5k for non-chairs; Lead Independent Director receives an additional $50k .
Performance Compensation (Director)
| Year | Equity Type | Grant Value | Vesting | RSUs Outstanding (12/31/2024) |
|---|---|---|---|---|
| 2024 | RSU (annual director grant) | $125,006 | Full vest at 1-year anniversary; directors may elect to defer delivery | |
| 2023 | RSU (annual director grant) | $100,008 | Full vest at 1-year anniversary; optional deferral | |
| 2024 | RSU count | — | — | 7,306 RSUs outstanding for Mr. Fusfield |
Notes: Director RSUs are time-based with no explicit performance metrics; deferral elections permitted under the 2019 Plan .
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Compensation Committee | Mr. Fusfield is not a member; FY2024 members were Powell (Chair), Magliacano, Stiefler |
| Interlocks | Company discloses no compensation committee interlocks among FY2024 members; Mr. Fusfield not on Comp Committee |
| External public boards | None disclosed for Mr. Fusfield |
Expertise & Qualifications
- Cruise industry and maritime operations expert; former COO of Steiner Leisure and senior operations roles at Carnival Cruise Lines .
- Brings deep operational experience aligned with OSW’s outsourced maritime wellness model .
Equity Ownership
| Item | Amount | Notes |
|---|---|---|
| Total beneficial ownership (as of 4/21/2025) | 240,469 shares | 220,669 direct; 19,800 via Fusfield Family Irrevocable Trust |
| Ownership % of shares outstanding | <1% | Company indicates less than one percent; 102,697,235 shares outstanding |
| RSUs outstanding (as of 12/31/2024) | 7,306 | Unvested director RSUs |
| Hedging/pledging | Prohibited | Insider Trading Policy bans hedging and pledging |
Insider Trades (Form 4 – recent)
| Filing Date | Transaction Date | Type | Shares Transacted | Price | Post-Transaction Ownership | SEC Link |
|---|---|---|---|---|---|---|
| 2025-09-04 | 2025-08-29 | Sale | 8,845 | $22.63 | 61,515 | https://www.sec.gov/Archives/edgar/data/1758488/000119312525196027/0001193125-25-196027-index.htm |
| 2025-09-04 | 2025-09-02 | Sale | 6,028 | $22.24 | 55,487 | https://www.sec.gov/Archives/edgar/data/1758488/000119312525196027/0001193125-25-196027-index.htm |
Note: Additional 2024–2025 Form 4 entries exist for Mr. Fusfield beyond these samples (22 records retrieved total), including routine director equity events; the above highlight recent open-market sales and resulting holdings .
Governance Assessment
- Independence and committee role: Mr. Fusfield is classified independent and serves on the Audit Committee, supporting board oversight of financial reporting and risk; Audit Committee met 8 times in FY2024 .
- Attendance: Met at least the 75% threshold, with only one director (not Mr. Fusfield) flagged below threshold in FY2024, indicating baseline engagement .
- Director pay alignment: Mix of cash retainer and time-based RSUs, with 2024 compensation totaling $207,506 ($82,500 cash; $125,006 RSUs); he elected cash retainer rather than RSUs in lieu of cash, while still receiving the standard equity grant .
- Potential conflicts: No Item 404 related-party transactions involving Mr. Fusfield are disclosed in the 2025 proxy; the company enforces Audit Committee review of any related-person transactions and prohibits hedging/pledging, mitigating alignment risks . Historical transition agreement terms tied to his 2021 retirement were disclosed and are no longer active for his director role .
- Shareholder signals: Company’s FY2024 say‑on‑pay vote approval of 91% suggests general investor support for compensation practices; though focused on executives, it reflects broader governance health .
- RED FLAGS: None disclosed specific to Mr. Fusfield (e.g., pledging, hedging, related-party transactions, low attendance). Recent open-market sales reduced his holdings in 2025 but remain routine under policy; monitor for pattern and timing versus material events .