Company: DRH-PA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001298946-25-000038
Chunk: 76

Company: DiamondRock Hospitality Co
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 76
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 a part-time consultant to the Company until December 31, 2024 primarily to assist with the General Counsel transition. Mr. Tennis received a prorated annual bonus payment in the amount of $236,000 and subsidized health benefits for a period of 6 months with a value of $15,992. The service-based LTIPs and RSUs previously granted to Mr. Tennis are fully vested. Pursuant to the original terms of the PSU equity awards, Mr. Tennis remains eligible to earn 100% of the target PSUs on their original vesting dates, subject to his adherence to the restrictions, covenants and promises in the Tennis Retirement Agreement and a general release.

#### Pay Ratio Disclosure Rule
Pursuant to a mandate of Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), and Item 402(u) of Regulation S-K, the SEC adopted a rule requiring annual disclosure of the ratio of the median employee’s annual total compensation to the total annual compensation of the principal executive officer (“PEO”). The PEO of our Company is Mr. Donnelly. During 2024, two individuals served as PEO. On April 15, 2024, Mr. Donnelly succeeded Mark Brugger as CEO in accordance with the Company's CEO succession policy.

We believe that our compensation philosophy must be consistent and internally equitable to motivate our employees to create stockholder value. We are committed to internal pay equity, and our Compensation Committee monitors the relationship between the pay our PEO receives and the pay our non-executive employees receive. We consider the pay ratio below to be a reasonable estimate, calculated in a manner that is intended to be consistent the requirements of Item 402(u) of Regulation S-K.

For 2024, the annual total compensation of Mr. Donnelly of $4,910,197 as shown in the Summary Compensation Table above, was approximately 19.5 times the annual total compensation of $253,700 of a median employee (other than our CEO) calculated in the same manner. We identified the median employee using the annual base salary and target annual cash incentive compensation, as of December 31, 2024, plus the grant date fair value of any long-term equity incentive awards granted in 2024 for all individuals, who were employed by us on December 31, 2024, the last day of our payroll year (whether employed on a full-time, part-time, or seasonal basis).