Booking Holdings CEO Glenn Fogel earned $126.4 million in “compensation actually paid” in 2024, according to the most recent financial filings with the SEC.
That calculation includes the fair value of awards for 2022, 2023 and 2024.
Current Expedia CEO Ariane Gorin, who took the job on May 13, 2024 and formerly was president of Expedia for Business, earned $37.3 million in the compensation actually paid calculation.
The SEC introduced the “compensation actually paid” starting in 2023 reporting for pay during 2022. It aims to account for the value of unvested stock and option awards as of year-end. For example, a significant driver of Gorin’s award value was the 23% jump in Expedia’s share price last year.
In summary compensation tables, the SEC also requires disclosures of CEOs’ total compensation award. Fogel’s pay award in 2024 was $44.8 million, Gorin’s was $24.9 million, and Expedia former CEO Peter Kern, who was in the post four-plus months that year before Gorin took over, was awarded $485,500. These compensation awards typically included salary, bonus, stock and option awards, incentives and other compensation, such as for corporate jet use and insurance premiums.
CEO Compensation Booking Holdings and Expedia Group 2024
CEO
Company
All-In Pay
% Change
CAP*
% Change
Glenn Fogel
Booking Holdings
$44.8 million
-(4%)
$126.4 million
-(9.4%)
Ariane Gorin
Expedia Group
$24.9 million
N/A
$37.3 million
N/A
* Note: CAP means Compensation Actually Paid and reflects fluctuations in the value of equity awards and share prices by the end of the year.
Source: Security and Exchange Commission filings
In assessing Fogel’s 2024 performance, the board pointed to his “exemplary leadership;” company records in revenue, gross bookings and room nights; growth in short-term rentals, expansion of the Genius loyalty program into additional verticals, and further integration of AI.
The median salary of Booking Holdings’ employees was $96,228 in 2024, and the CEO to employee pay ratio was 466:1.
Expedia didn’t detail specifically how Gorin’s performance impacted her compensation, but stated that the most important metrics in determining executive compensation are stock price performance, adjusted EBITDA, and operational efficiency.
In 2023, Expedia’s share price jumped 73%, far outperforming market averages. The company notched record adjusted EBITDA, and “substantially completed the company’s technological transformation and strategic vision for a platform operating model,” Expedia stated.
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