As most workers go without pay, SeaWorld execs get millions in stock options
Several SeaWorld executives are getting million in stock awards after 90% of workers were sent home with no pay for an indefinite period.
According to a SEC filing top executives will share a $6.8 million windfall in stock.
The awards ‘recognize employees for their extraordinary contributions and continued expected contributions to the Company and its long-term goals during the global COVID-19 pandemic.’
It comes after SeaWorld furloughed most of its workers without pay as parks remain closed due to the pandemic.
"The restricted stock units will vest 50% on each of the first two anniversaries of the grant date, subject to the recipient’s continued employment on each such vesting date," the filing stated.
The company has gone through another leadership change after Sergio Rivera stepped down as CEO citing ‘board disagreements.’
He was replaced by interim CEO Marc Swanson who will be the largest beneficiary of stock options with $1.5 million.
Chief operating officer Walter Bogumil will get $1.3 million, and chief legal officer G. Anthony Taylor receives $1.18 million.
SeaWorld recently announced that executives would take a 20% pay cut.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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As most workers go without pay, SeaWorld execs get millions in stock options
Several SeaWorld executives are getting million in stock awards after 90% of workers were sent home with no pay for an indefinite period.
According to a SEC filing top executives will share a $6.8 million windfall in stock.
The awards ‘recognize employees for their extraordinary contributions and continued expected contributions to the Company and its long-term goals during the global COVID-19 pandemic.’
It comes after SeaWorld furloughed most of its workers without pay as parks remain closed due to the pandemic.
"The restricted stock units will vest 50% on each of the first two anniversaries of the grant date, subject to the recipient’s continued employment on each such vesting date," the filing stated.
The company has gone through another leadership change after Sergio Rivera stepped down as CEO citing ‘board disagreements.’
He was replaced by interim CEO Marc Swanson who will be the largest beneficiary of stock options with $1.5 million.
Chief operating officer Walter Bogumil will get $1.3 million, and chief legal officer G. Anthony Taylor receives $1.18 million.
SeaWorld recently announced that executives would take a 20% pay cut.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
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