Company: DRH-PA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001298946-25-000038
Chunk: 44

Company: DiamondRock Hospitality Co
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 44
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-term equity incentives.

• For 2024, 50% of the long-term equity incentives are tied to the achievement of multi-year relative TSR and market share performance goals. For 2025, 60% of the long-term equity incentives are tied to the achievement of multi-year relative TSR.

• The payout under multi-year relative TSR performance awards may be reduced if our absolute TSR is negative for the performance period, regardless of our relative TSR performance.

• Our Compensation Committee requires the personal goal component of the annual cash incentive plan to be specific and measurable.

• Our equity plan generally requires a minimum of one-year vesting on any equity awards issued to executives.

• There are no stock options outstanding, and the Company has not issued stock options in over a decade.

• Any change in control payments under severance agreements are subject to a “double-trigger.”

• Named executive officers are required to accumulate and hold a meaningful amount of stock. The ownership target for the Chief Executive Officer is six times his base salary and for all other executive officers is three times their respective base salary.

• No perquisites are provided to named executive officers that are not otherwise provided to all employees, except executive officers and certain senior-level employees may participate in our deferred compensation plan. There is no Company match in effect under our deferred compensation plan.

• Our Compensation Committee retains and meets regularly with an independent compensation consultant who advises on executive and director compensation.

• Our Compensation Committee regularly reviews the Company’s incentive compensation plans to ensure they are designed to create and maintain stockholder value and do not encourage excessive risk.

• A clawback policy is in effect to recoup excess compensation received by an executive officer in the event of a restatement of our financial statements.

• An anti-hedging policy is in effect to prohibit short sales and the purchase or sale of puts, calls or other derivative securities of the Company.

• Pledging of Company securities is prohibited.

• Our programs are designed to be financially efficient from tax, accounting, cash flow and share dilution perspectives.

### Say-On-Pay Results
We currently submit an advisory vote to our stockholders annually to approve our NEO compensation. At the 2024 annual meeting of stockholders, 96% of votes cast were in support of the annual, advisory “say-on-pay” proposal.

The Company will continue to regularly engage with our stockholders on executive compensation matters and will continue to strive to address issues and suggestions received through these stockholder engagement efforts. We believe that our regular robust dialogue on these and other topics demonstrates our