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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Fiscal Year
 
 
Summary
Compensation
Table Total for
PEO
 
   
Compensation
Actually
Paid to
PEO
1,2,3,4
 
   
Average
Summary
Compensation
Table Total
for Non-PEO

Named
Executive
Officers
 
   
Average
Compensation
Actually Paid
to Non-PEO

Named
Executive
Officers
1,2,5,6
 
   
Value of Initial Fixed $100
Investment Based on:
 
   
Net Income
(Loss)
 
   
Adjusted
EBITDA
(Company
Measure)
7
 
 
 
MVW Total
Stockholder
Return
 
   
 
S&P
Composite
1500 Hotels,
Resorts &
Cruise TSR
Index
 
 
2024   $ 7,437,761     $ 5,767,942     $ 2,086,757     $ 1,596,477     $ 77.66     $ 149.90     $ 217,058,511     $ 726,920,650  
2023     5,360,952       1,100,008       1,915,795       581,977       70.60       114.30       253,228,121       760,717,150  
2022     9,832,891       6,159,868       3,016,545       2,256,841       107.79       71.44        390,774,814        966,274,378  
2021      13,223,937        17,472,019        3,405,201        4,215,723        132.49        94.12       52,634,216       656,728,515  
2020     6,134,009       9,027,531       1,712,700       2,381,430       106.99       77.40       (255,994,393     234,980,182  
 
1
Compensation actually paid is calculated starting with the total compensation as reported in the Summary Compensation Table (“SCT”), and then the SCT value of restricted stock and units (including performance-based awards) plus SAR awards are deducted. The amount equal to the fair value at the end of the prior fiscal year or awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year are then deducted. Added to the calculation are: fair value, as of
year-end,
of awards granted in the first year that are outstanding and unvested; the change in fair value from the prior to current years for awards granted in prior fiscal years that are outstanding and unvested; and the change in fair value as of the vesting date (from the end of the prior fiscal year) for awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied by the end of the covered fiscal year. The fair value of awards that are subject to performance conditions are based on the most probable outcome at the end of the covered fiscal year.
 
2
SAR calculations measuring the
year-end
fair value of the outstanding awards were performed by an independent equity valuation firm.
 
3
Mr. Geller served as the Company’s PEO for 2024 and 2023. Mr. Stephen P. Weisz served as the Company’s PEO
fo
r 2022, 2021 and 2020.
 
4
The bridge between PEO reported SCT compensation to the Compensation Actually Paid is outlined below:
 
Fiscal
Year
    
Reported Summary Compensation
Table Total for PEO
      
Reported Value of
Equity Awards
      
Equity Award
Adjustments
(a)
      
Compensation Actually Paid
to PEO
 
2024
     $       7,437,761        $    (6,000,007      $  4,330,188        $      5,767,942  
 
 
(a)
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Fiscal
Year
  
Year End
Fair Value of
Equity Awards
Granted in
the Year and
Unvested at
Year End
    
Year Over
Year Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
    
Fair Value
as of
Vesting Date
of Equity
Awards
Granted and
Vested in
the Year
    
Change in Fair
Value from
Last Day of
Prior Fiscal
Year to Vesting
Date of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
    
Fair Value at
the End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
    
Value of
Dividends or
Other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value
    
Total Equity
Award
Adjustments
 
2024
   $  4,527,302      $  (106,424)      $    —        $ (90,690    $    —      $    —      $  4,330,188  
 
5
Included in the average compensation actually paid to
Non-PEO
named executive officers are the following individuals and time periods: Mr. Geller for 2022, 2021 and 2020; Mr. Marino for 2024 and 2023; Mr. Terry for 2023, 2022 and 2021; Mr. Miller and Ms. Marbert for 2024, 2023, 2022, 2021 and 2020; Mr. Hunter for 2024 and 2023; and Mr. Cunningham for 2021 and 2020.
 
6
The bridge between
non-PEO
NEOs reported SCT compensation to the Compensation Actually Paid is outlined below:
 
Fiscal
Year
    
Average Reported Summary
Compensation Table Total for
Non-PEO NEOs
      
Average Reported Value of
Equity Awards
      
Average Equity Award
Adjustments
(a)
      
Average Compensation
Actually Paid to Non-PEO

NEOs
 
2024
     $      2,086,757          $    (1,310,009)        $    819,729        $      1,596,477  
 
 
(a)
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Fiscal
Year
  
Average
Year End
Fair Value of
Equity Awards
Granted in the
Year and
Unvested at
Year End
    
Year Over
Year Average
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
    
Average Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in the
Year
    
Average
Change in Fair
Value from
Last Day of
Prior Fiscal
Year to Vesting
Date of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
    
Average Fair
Value at the End
of the Prior Year
of Equity Awards
that Failed to
Meet Vesting
Conditions in the
Year
    
Average Value
of Dividends or
Other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value
    
Total Average
Equity Award
Adjustments
 
2024
   $  836,211      $  (17,734)      $  43,738      $  (42,486)      $     —      $     —      $  819,729  
 
7
Refer to description and reconciliation of Adjusted EBITDA in Appendix A.
       
Company Selected Measure Name Adjusted EBITDA        
Named Executive Officers, Footnote
Mr. Geller served as the Company’s PEO for 2024 and 2023. Mr. Stephen P. Weisz served as the Company’s PEO
fo
r 2022, 2021 and 2020.
Included in the average compensation actually paid to
Non-PEO
named executive officers are the following individuals and time periods: Mr. Geller for 2022, 2021 and 2020; Mr. Marino for 2024 and 2023; Mr. Terry for 2023, 2022 and 2021; Mr. Miller and Ms. Marbert for 2024, 2023, 2022, 2021 and 2020; Mr. Hunter for 2024 and 2023; and Mr. Cunningham for 2021 and 2020.
       
Peer Group Issuers, Footnote The Company utilized the S&P Composite 1500 Hotels, Resorts & Cruise TSR Index, for the peer group. This index has been utilized historically in our Annual Reports on Form
10-K
in connection with the required performance graph and most closely aligns with our line of business.
       
PEO Total Compensation Amount $ 7,437,761 $ 5,360,952 $ 9,832,891 $ 13,223,937 $ 6,134,009
PEO Actually Paid Compensation Amount $ 5,767,942 1,100,008 6,159,868 17,472,019 9,027,531
Adjustment To PEO Compensation, Footnote
1
Compensation actually paid is calculated starting with the total compensation as reported in the Summary Compensation Table (“SCT”), and then the SCT value of restricted stock and units (including performance-based awards) plus SAR awards are deducted. The amount equal to the fair value at the end of the prior fiscal year or awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year are then deducted. Added to the calculation are: fair value, as of
year-end,
of awards granted in the first year that are outstanding and unvested; the change in fair value from the prior to current years for awards granted in prior fiscal years that are outstanding and unvested; and the change in fair value as of the vesting date (from the end of the prior fiscal year) for awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied by the end of the covered fiscal year. The fair value of awards that are subject to performance conditions are based on the most probable outcome at the end of the covered fiscal year.
 
2
SAR calculations measuring the
year-end
fair value of the outstanding awards were performed by an independent equity valuation firm.
 
3
Mr. Geller served as the Company’s PEO for 2024 and 2023. Mr. Stephen P. Weisz served as the Company’s PEO
fo
r 2022, 2021 and 2020.
 
4
The bridge between PEO reported SCT compensation to the Compensation Actually Paid is outlined below:
 
Fiscal
Year
    
Reported Summary Compensation
Table Total for PEO
      
Reported Value of
Equity Awards
      
Equity Award
Adjustments
(a)
      
Compensation Actually Paid
to PEO
 
2024
     $       7,437,761        $    (6,000,007      $  4,330,188        $      5,767,942  
 
 
(a)
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Fiscal
Year
  
Year End
Fair Value of
Equity Awards
Granted in
the Year and
Unvested at
Year End
    
Year Over
Year Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
    
Fair Value
as of
Vesting Date
of Equity
Awards
Granted and
Vested in
the Year
    
Change in Fair
Value from
Last Day of
Prior Fiscal
Year to Vesting
Date of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
    
Fair Value at
the End of the
Prior Year of
Equity Awards
that Failed to
Meet Vesting
Conditions in
the Year
    
Value of
Dividends or
Other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value
    
Total Equity
Award
Adjustments
 
2024
   $  4,527,302      $  (106,424)      $    —        $ (90,690    $    —      $    —      $  4,330,188  
       
Non-PEO NEO Average Total Compensation Amount $ 2,086,757 1,915,795 3,016,545 3,405,201 1,712,700
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,596,477 581,977 2,256,841 4,215,723 2,381,430
Adjustment to Non-PEO NEO Compensation Footnote
1
Compensation actually paid is calculated starting with the total compensation as reported in the Summary Compensation Table (“SCT”), and then the SCT value of restricted stock and units (including performance-based awards) plus SAR awards are deducted. The amount equal to the fair value at the end of the prior fiscal year or awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year are then deducted. Added to the calculation are: fair value, as of
year-end,
of awards granted in the first year that are outstanding and unvested; the change in fair value from the prior to current years for awards granted in prior fiscal years that are outstanding and unvested; and the change in fair value as of the vesting date (from the end of the prior fiscal year) for awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied by the end of the covered fiscal year. The fair value of awards that are subject to performance conditions are based on the most probable outcome at the end of the covered fiscal year.
2
SAR calculations measuring the
year-end
fair value of the outstanding awards were performed by an independent equity valuation firm.
5
Included in the average compensation actually paid to
Non-PEO
named executive officers are the following individuals and time periods: Mr. Geller for 2022, 2021 and 2020; Mr. Marino for 2024 and 2023; Mr. Terry for 2023, 2022 and 2021; Mr. Miller and Ms. Marbert for 2024, 2023, 2022, 2021 and 2020; Mr. Hunter for 2024 and 2023; and Mr. Cunningham for 2021 and 2020.
6
The bridge between
non-PEO
NEOs reported SCT compensation to the Compensation Actually Paid is outlined below:
 
Fiscal
Year
    
Average Reported Summary
Compensation Table Total for
Non-PEO NEOs
      
Average Reported Value of
Equity Awards
      
Average Equity Award
Adjustments
(a)
      
Average Compensation
Actually Paid to Non-PEO

NEOs
 
2024
     $      2,086,757          $    (1,310,009)        $    819,729        $      1,596,477  
 
 
(a)
The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Fiscal
Year
  
Average
Year End
Fair Value of
Equity Awards
Granted in the
Year and
Unvested at
Year End
    
Year Over
Year Average
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
    
Average Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in the
Year
    
Average
Change in Fair
Value from
Last Day of
Prior Fiscal
Year to Vesting
Date of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
    
Average Fair
Value at the End
of the Prior Year
of Equity Awards
that Failed to
Meet Vesting
Conditions in the
Year
    
Average Value
of Dividends or
Other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value
    
Total Average
Equity Award
Adjustments
 
2024
   $  836,211      $  (17,734)      $  43,738      $  (42,486)      $     —      $     —      $  819,729  
       
Compensation Actually Paid vs. Total Shareholder Return LOGO        
Compensation Actually Paid vs. Net Income LOGO        
Compensation Actually Paid vs. Company Selected Measure LOGO        
Total Shareholder Return Vs Peer Group LOGO        
Tabular List, Table
The CPC reviews a number of performance metrics when assessing the Company’s performance. However, for compensation decisions, the following metrics are the most important:
 
 
 
Adjusted EBITDA, with its relative importance noted above, used in both the short-term and 2024-2026 long-term incentive programs
 
 
 
Total Revenue, a top line financial measure that captures the business and brand contributions to overall Company financials, used in the short-term incentive program
 
 
 
Adjusted Return on Invested Capital, a strong driver of free cash flow and important comparator to other co
mp
anies, used in the long-term incentive program
       
Total Shareholder Return Amount $ 77.66 70.6 107.79 132.49 106.99
Peer Group Total Shareholder Return Amount 149.9 114.3 71.44 94.12 77.4
Net Income (Loss) $ 217,058,511 $ 253,228,121 $ 390,774,814 $ 52,634,216 $ (255,994,393)
Company Selected Measure Amount 726,920,650 760,717,150 966,274,378 656,728,515 234,980,182
PEO Name Mr. Geller Mr. Geller Mr. Stephen P. Weisz Mr. Stephen P. Weisz Mr. Stephen P. Weisz
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA        
Non-GAAP Measure Description As it relates to compensation decisions, Adjusted EBITDA allows for period-over-period comparisons of our ongoing core operations before the impact of excluded items. The CPC establishes goals that are designed to maintain high standards that are achievable but not certain to be met. For 2024, Adjusted EBITDA was utilized in both the short-term incentive plan and the 2024-2026 three-year performance awards because the CPC believes it promotes sustained performance of the Company over both the shorter- and longer-term.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Total Revenue        
Measure:: 3          
Pay vs Performance Disclosure          
Name Adjusted Return on Invested Capital        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 4,330,188        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,527,302        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (106,424)        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (90,690)        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Reported Value of Equity Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (6,000,007)        
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 819,729        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 836,211        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (17,734)        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 43,738        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (42,486)        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Reported Value of Equity Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (1,310,009)