Company: DRH-PA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001298946-25-000038
Chunk: 50

Company: DiamondRock Hospitality Co
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 50
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 Furbay received his base salary rate through April 15, 2024. The total base salary paid to Mr. Furbay in 2024 was $155,167.

(7) Mr. Tennis received his base salary rate through June 30, 2024. The total base salary paid to Mr. Tennis in 2024 was $236,000.

For the calendar year 2025, our Compensation Committee determined to increase the base salaries of the NEOs to better align with market pay for similar positions, retain critical executives, and to ensure all positions were appropriately compensated for the level of responsibility. In 2024, the base salaries of our CEO, CFO and GC were at or below the 25th percentile of the peer set. In addition, our COO's base salary was increased to fully reflect the increase in his management responsibilities and his individual contributions, and to better align his compensation with the peers that have an executive who oversees both investments and asset management.

#### 2.

#### Cash Incentive Compensation Program
We maintain an annual cash incentive compensation program pursuant to which our executive officers are eligible to earn cash bonuses based upon their achievement of certain objective corporate goals as well as certain individual goals set by our Compensation Committee at the beginning of that fiscal year.

For 2024, our annual cash incentive compensation program was based on two components: (i) joint objectives for all executive officers, weighted 90% and (ii) individual objectives for each officer, weighted 10%.

#### Joint Objectives
The joint objectives portion of our annual cash incentive program included several financial and strategic objectives designed to best support our business. The most heavily weighted of the joint objectives was achievement of Hotel Adjusted EBITDA and Adjusted FFO per share targets, weighted 50% and 20%, respectively, in order to incentivize the executive officers to focus on increasing cash flow from our hotels. For the definition of Hotel Adjusted EBITDA and Adjusted FFO and a reconciliation of each to net income, refer to "Non-GAAP Measures" in Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2024. In addition, the Adjusted FFO per share target excludes the income tax provision and corporate bonus expense.

In addition to the financial targets described above, the other joint objectives were constructed to reward achieving the Company’s strategic objectives. These included balance sheet goals and corporate responsibility and