Neha Narang
Director at PRKS
Board
About Neha Jogani Narang
Independent director at United Parks & Resorts Inc. (PRKS) since November 2019; age 41. Former interim Chief Marketing Officer at Roblox (2021–March 2024), previously CMO at True (Nov 2020–Apr 2021), founder of G2M Consulting (since 2018), and marketing leader at Facebook (2011–2017). Education: MBA, Stanford Graduate School of Business; BA, University of Southern California .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Roblox Corporation | Interim Chief Marketing Officer | 2021–Mar 2024 | Led marketing for a global platform for immersive experiences |
| Hello Mobile, Inc. d/b/a True | Chief Marketing Officer; Advisor | Nov 2020–Apr 2021; Advisor until Aug 2021 | Early-stage social app go-to-market |
| G2M Consulting, LLC | Founder; Fractional CMO | Since 2018 | Marketing advisory to growth companies |
| Facebook (Meta Platforms) | Marketing leader (Global Developer Marketing; Consumer Product Marketing) | 2011–2017 | Led global developer and product marketing |
| Boston Consulting Group | Consultant | 2010–2011 | Strategy consulting |
| Cornerstone Research | Consultant | 2005–2008 | Economic/analytical consulting |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Boys and Girls Clubs of San Francisco | Director (non-profit board) | Current (as of 2025 proxy) | Community/ESG engagement |
Board Governance
- Committee assignments:
- Revenue Committee member (not Chair) .
- Member of the 2025 Special Committee formed to evaluate additional share repurchases (alongside Hartnett [Chair], Gray, Lipman, Maruyama, Moloney) .
- Independence: Board affirmatively determined Narang is independent under NYSE standards and company guidelines; also independent for committee service .
- Years of service: Director since November 2019 .
- Attendance: In 2024, attended more than 13 meetings but fewer than 75% of the aggregate number of Board and committee meetings on which she served; the company held an unusually high volume of meetings (12 Board; 41 committee) and argues 75% is not a meaningful engagement measure in this context .
- Lead Independent Director: Role held by Timothy Hartnett since June 2022; Narang does not serve as Lead Independent Director .
Fixed Compensation (Director)
| Component | 2024 Amount | Notes |
|---|---|---|
| Fees Earned/Paid in Cash | $0 | Elected to receive equity for cash retainers/fees |
| Stock Awards (DSUs/RSUs grant-date fair value) | $401,507 | Annual director equity plus elected equity in lieu of cash |
| Role-based fees (policy rates) | See Notes | Revenue Committee member $20,000; Special committee service $50,000; annual Board retainer $110,000; meeting fee $3,000 only if >12 meetings (policy) |
Notes:
- Narang received an annual equity award to directors and elected to take retainers/committee fees in DSUs/RSUs rather than cash; footnote details her Revenue Committee and special committee service during 2024 (fees converted to equity) .
Performance Compensation
- No director-specific performance-based compensation metrics are disclosed (director equity is time-based DSUs/RSUs under the Outside Director Compensation Policy) .
Other Directorships & Interlocks
| Company | Board Role | Committee Roles | Interlocks/Conflicts |
|---|---|---|---|
| None disclosed | — | — | Not a Hill Path designee; current Hill Path designees are Ross and Chambers, and Dalal proposed as third . |
Expertise & Qualifications
- Digital, brand, and product marketing expertise (Facebook leadership; interim CMO at Roblox; consulting) .
- Education: MBA (Stanford GSB); BA (USC) .
- Industry: Technology, consumer, social platforms; non-profit board service .
Equity Ownership
| Item | Amount | As-of Date |
|---|---|---|
| Beneficial ownership (direct/indirect shares) | 5,374 shares | Apr 15, 2025 |
| Deferred Stock Units (DSUs) – total held | 35,456 units | Apr 15, 2025 |
| Deferred Stock Units (DSUs) – total held | 42,381 units | Aug 11, 2025 |
| Unvested DSUs on Dec 31, 2024 | 4,294 units | Dec 31, 2024 |
- Ownership guidelines: Directors must hold shares equal to 5× annual cash retainer; all outside directors were in compliance as of Dec 31, 2024 .
- Hedging/pledging: Company policy prohibits hedging and restricts pledging; no pledging by Narang disclosed .
Governance Assessment
- Strengths:
- Independent status and participation on a Special Committee evaluating capital allocation amidst controlling shareholder dynamics, indicating engagement with minority-holder protections .
- Equity-heavy compensation via DSUs/RSUs and compliance with stock ownership guidelines, signaling alignment with shareholders .
- Watch items / red flags:
- Attendance below 75% threshold in 2024 (albeit with high meeting volume and positive context provided by the company) .
- Elevated director compensation framework: proposal to raise the annual director compensation limit to $3.0 million under the 2025 Omnibus Plan (requires disinterested stockholder approval), which could enable higher director pay levels; Narang’s 2024 director compensation was $401,507 .
- Concentrated ownership and governance arrangements with Hill Path; while Narang is independent and not a Hill Path designee, board processes rely on special committees and disinterested stockholder approvals for certain actions, underscoring ongoing governance sensitivities .
Related Party Transactions
- No related-party transactions disclosed involving Narang. The company’s related party policy requires independent director review and disinterested approval; Hill Path agreements govern director designations and voting constraints, with special committee oversight on material related-party transactions .
Director Compensation Structure (Context)
- Outside Director compensation policy (2024 rates): Board retainer $110,000; committee member fees $20,000 (Compensation, Nominating, Revenue), Audit member $25,000; committee chairs $30,000–$35,000; Chair of Board $245,000; Lead Director $220,000; meeting fee $3,000 if >12 meetings; directors may elect DSUs/RSUs in lieu of cash, which Narang did .
- 2025 Omnibus Incentive Plan: Maintains director equity awards and codifies $3,000,000 annual cap on director total compensation (cash + equity), subject to disinterested stockholder approval; includes clawback provisions and double-trigger vesting on change-in-control for service-based awards .
Board Engagement & Oversight (Company)
- The Board and committees met frequently (2024: 12 Board; 41 committee meetings) and conduct regular executive sessions; Audit Committee oversees cybersecurity and financial reporting risk; Compensation Committee is independent and uses an external consultant; Nominating & Corporate Governance Committee manages director independence and composition .
Notes on Capital Allocation Context (2025 Special Meeting)
- Narang served on the Special Committee that recommended a new $500 million repurchase authority, subject to disinterested stockholder approval and capped to avoid Hill Path’s voting ownership reaching ≥70%; the Board cited undervaluation and flexibility benefits while acknowledging float/liquidity and control risks .