Company: DRH-PA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001298946-25-000038
Chunk: 57

Company: DiamondRock Hospitality Co
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 57
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%                          |
| > or Equal to 75%                                  |     | 150%                          |

The number of PSUs earned is linearly interpolated for achievement in between each of the performance levels.

For the hotel market share PSUs granted in 2022 and vested in February 2025, the outstanding awards were earned at 92.2% of the target hotel market share PSUs based on 47% of the Company's hotels improving market share over the three-year performance period.

Our Compensation Committee has evaluated several long-term incentive alternatives over the years to determine a mix that best supports our objectives and is effective for us, given our REIT structure. As noted above, in 2025, our Compensation Committee believes that the PSU program will be better designed by changing to a PSU equity award based solely on relative total stockholder return. The Compensation Committee believes that the relative total stockholder return metric best aligns our interests with those of stockholders because it fully aligns earned compensation with the returns our stockholders receive compared to our peers.

As required under SEC rules, the values shown in the Summary Compensation Table and Grants of Plan-Based Awards table in this and prior proxy statements with respect to the PSUs are based on grant-date fair value not earned value.

#### 4.

#### Perquisites and other benefits
We have never had a pension plan and we have very limited perquisites. Our named executive officers, along with all of our employees on a non-discriminatory basis, receive: (i) health and dental insurance with the Company paying 100% of the premiums, (ii) a $200,000 group term life insurance policy, and (iii) long-term and short-term disability coverage. We maintain a retirement savings plan for all of our employees under section 401(k) of the Code. All of our employees, including our named executive officers, benefit from the same company matching formula. In addition, subject to certain limitations, Mr. Donnelly, as a member of our Board of Directors, is entitled to annual reimbursement of up to $15,000 of lodging, meals, parking and certain other expenses at all of our hotels and at other hotels.

We also have a deferred compensation plan that enables our named executive officers, as well as other senior management employees, to defer their cash and equity compensation. The amounts deferred are not included in the participant’s current taxable income and, therefore, are not currently deductible by us. With respect to deferred cash compensation, the participants select from a limited number of mutual funds