Booking Holdings CEO Pay Falls 21% to $35.4M on Lower Stock Awards
Booking Holdings CEO Glenn Fogel’s total 2025 compensation fell 21% to $35.4 million after reduced stock awards, following two years of PSUs vesting at 200% target. The SEC’s compensation‐actually‐paid metric plunged 48% to $64.8 million as the share price rose just 8%, down from 40% growth.
1. CEO Compensation Declines
Booking Holdings CEO Glenn Fogel’s total 2025 compensation was $35.4 million, a 21% decrease from $44.8 million in 2024. His package included a $1.25 million base salary, $26.2 million in stock awards, a $4.04 million cash bonus (11% of pay) and $3.92 million in other compensation.
2. PSUs Vesting at 200% of Target
Performance share units granted in 2023 vested in March 2026 at twice the original target, reflecting outstanding company performance. Revenue and EBITDA growth exceeded targets by 1.62 times over the 2023–2025 cycle, driving the elevated PSU payout.
3. SEC’s Compensation‐Actually‐Paid Metric
Under the SEC’s compensation‐actually‐paid measure, Fogel’s pay fell 48% to $64.8 million as the share price rose only 8% in 2025 versus roughly 40% a year earlier. This metric includes the value of equity that vested during the year.
4. Board Opposes Political Spending Disclosure Proposal
The board recommended voting against a shareholder proposal for extra disclosures on trade association and nonprofit contributions used for electoral purposes. It cited existing political spending transparency and no direct corporate political contributions in at least ten years.