XML 86 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus Performance
The
following table sets forth information concerning the compensation of our chief executive officer (PEO) and the Company’s other named executive officers (NEOs) for 2020 through 2022 and our financial performance for each such year.
 
Year
 
Summary
Compensation
Table Total for
PEO
 
Compensation
Actually
Paid
to PEO
(1)
 
Average
Summary
Compensation
Table Total for
non-PEO
NEOs
 
Average
Compensation
Actually Paid
to
non-PEO
NEOs
(1)
 
Value of Initial Fixed $100
Investment Based On
 
Net
Income
(in millions)
 
Adjusted
EBITDA
re
 
(3)
(in millions)
 
Total
Stockholder
Return
 
Peer
Group
Total
Stockholder
Return
(2)
                 
2022
    $ 14,474,484       $ 17,474,419       $ 3,478,720       $ 3,977,313       $ 90.99       $ 76.50       $ 643       $ 1,498  
                 
2021
      11,520,730         16,474,154         2,814,068         3,681,933         95.39         90.32         (11 )       532  
                 
2020
      10,094,761         13,697,907         1,920,755         2,434,772         80.25         76.40         (741 )       (168 )
 
(1)
Amounts represent compensation actually paid to our PEO and the average compensation actually paid to our remaining NEOs for the relevant year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year:
 
    Year
  
PEO
  
Non-PEO
NEOs
     
    2022    James F. Risoleo    Sourav Ghosh, Nathan Tyrrell, Julie Aslaksen and Michael Lentz
     
    2021    James F. Risoleo    Sourav Ghosh, Nathan Tyrrell, Julie Aslaksen and Joanne Hamilton
     
    2020    James F. Risoleo    Sourav Ghosh, Brian Macnamara, Nathan Tyrrell, Julie Aslaksen and Joanne Hamilton
 
 
Compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable year, adjusted as set forth in the table below. The dollar amounts shown do not reflect the value of vested compensation actually received by our NEOs during the applicable year. Instead, the dollar amounts also include the values of unvested and vested equity awards during the applicable year based on
year-end
stock prices, various accounting valuation assumptions and projected performance related to our performance-based restricted stock units. “Compensation actually paid”, determined in accordance with SEC rules, will generally fluctuate due to stock price achievement and varying levels of projected and actual achievement of performance goals applicable to our restricted stock units. For a discussion of how our Culture and Compensation Committee assesses performance and our NEOs’ pay each year, please see the Compensation Discussion & Analysis section of the proxy statements reporting pay for the applicable fiscal years.
 
       
2020
 
2021
 
2022
          
 
Adjustments
 
PEO
 
Average
Non-
PEO NEOs
 
PEO
 
Average
Non-
PEO NEOs
 
PEO
 
Average
Non-
PEO NEOs
               
    Deduction for amounts reported under the “Stock Awards” columns in the Summary Compensation Table for the year     $ (7,625,400 )     $ (1,054,768 )     $ (7,370,377 )     $ (1,338,855 )     $ (10,291,269 )     $ (2,004,567 )
               
    Increase based on ASC 718 Fair Value of awards granted during applicable year that remain unvested as of the applicable year end, determined as of the applicable year end       12,272,017         1,697,501         10,732,579         1,957,339         10,795,390         2,084,805  
               
    Increase/deduction for awards granted during prior years that were outstanding and unvested as of the applicable year end, determined based on the change in ASC 718 Fair Value from the prior year end to the applicable year end       (829,684 )       (102,997 )       1,999,365         300,493         1,105,617         188,800  
               
    Increase/deduction for awards granted during prior years that vested during the applicable year, determined based on change in ASC 718 Fair Value from the prior year end to the vesting date       (397,270 )       (51,417 )       (229,683 )       (28,413 )       446,039         60,344  
               
    Increase based on Dividends Paid during the year prior to vesting date       183,484         25,698         (178,461 )       (22,698 )       944,159         169,210  
               
    Deduction of ASC 718 Fair Value of awards granted during prior year that were forfeited during the applicable year, determined as of prior year end       —           —           —           —           —           —    
               
    TOTAL ADJUSTMENTS     $ 3,603,146       $ 514,017       $ 4,953,424       $ 867,865       $ 2,999,935       $ 498,593  
 
(2)
Peer group total stockholder return is based on the cumulative total stockholder return of the NAREIT Lodging & Resorts Index. Total stockholder return amounts reported assume an initial fixed investment of $100 and that all dividends were reinvested. The Company and peer group total stockholder return for 2020 represents the
one-year
return for December 31, 2019 to December 31, 2020; for 2021 the returns shown represents the
two-year
return from December 31, 2019 to December 31, 2021 and for 2022 the returns shown represents the three-year return from December 31, 2019 to December 31, 2022.
 
(3)
Adjusted EBITDA
re
is a predominant measure of operating performance used by real estate investment trusts and the Company reports the measure in accordance with NAREIT guidelines, with certain adjustments, as a supplemental measure of operating performance in its earnings releases, financial presentations and SEC filings. For more information on this measure and a reconciliation to the applicable GAAP measure, see the Company’s Annual Report on Form
10-K
in “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Reconciliation of Net Income (Loss) to EBITDA, EBITDA
re
and Adjusted EBITDA
re
for Host Inc. and Host L.P.” on page 73.
   
Company Selected Measure Name Adjusted EBITDAre    
Named Executive Officers, Footnote [Text Block]
 
    Year
  
PEO
  
Non-PEO
NEOs
     
    2022    James F. Risoleo    Sourav Ghosh, Nathan Tyrrell, Julie Aslaksen and Michael Lentz
     
    2021    James F. Risoleo    Sourav Ghosh, Nathan Tyrrell, Julie Aslaksen and Joanne Hamilton
     
    2020    James F. Risoleo    Sourav Ghosh, Brian Macnamara, Nathan Tyrrell, Julie Aslaksen and Joanne Hamilton
 
   
Peer Group Issuers, Footnote [Text Block] Peer group total stockholder return is based on the cumulative total stockholder return of the NAREIT Lodging & Resorts Index. Total stockholder return amounts reported assume an initial fixed investment of $100 and that all dividends were reinvested. The Company and peer group total stockholder return for 2020 represents the
one-year
return for December 31, 2019 to December 31, 2020; for 2021 the returns shown represents the
two-year
return from December 31, 2019 to December 31, 2021 and for 2022 the returns shown represents the three-year return from December 31, 2019 to December 31, 2022.
   
PEO Total Compensation Amount $ 14,474,484 $ 11,520,730 $ 10,094,761
PEO Actually Paid Compensation Amount $ 17,474,419 16,474,154 13,697,907
Adjustment To PEO Compensation, Footnote [Text Block]
       
2020
 
2021
 
2022
          
 
Adjustments
 
PEO
 
Average
Non-
PEO NEOs
 
PEO
 
Average
Non-
PEO NEOs
 
PEO
 
Average
Non-
PEO NEOs
               
    Deduction for amounts reported under the “Stock Awards” columns in the Summary Compensation Table for the year     $ (7,625,400 )     $ (1,054,768 )     $ (7,370,377 )     $ (1,338,855 )     $ (10,291,269 )     $ (2,004,567 )
               
    Increase based on ASC 718 Fair Value of awards granted during applicable year that remain unvested as of the applicable year end, determined as of the applicable year end       12,272,017         1,697,501         10,732,579         1,957,339         10,795,390         2,084,805  
               
    Increase/deduction for awards granted during prior years that were outstanding and unvested as of the applicable year end, determined based on the change in ASC 718 Fair Value from the prior year end to the applicable year end       (829,684 )       (102,997 )       1,999,365         300,493         1,105,617         188,800  
               
    Increase/deduction for awards granted during prior years that vested during the applicable year, determined based on change in ASC 718 Fair Value from the prior year end to the vesting date       (397,270 )       (51,417 )       (229,683 )       (28,413 )       446,039         60,344  
               
    Increase based on Dividends Paid during the year prior to vesting date       183,484         25,698         (178,461 )       (22,698 )       944,159         169,210  
               
    Deduction of ASC 718 Fair Value of awards granted during prior year that were forfeited during the applicable year, determined as of prior year end       —           —           —           —           —           —    
               
    TOTAL ADJUSTMENTS     $ 3,603,146       $ 514,017       $ 4,953,424       $ 867,865       $ 2,999,935       $ 498,593  
   
Non-PEO NEO Average Total Compensation Amount $ 3,478,720 2,814,068 1,920,755
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,977,313 3,681,933 2,434,772
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]
       
2020
 
2021
 
2022
          
 
Adjustments
 
PEO
 
Average
Non-
PEO NEOs
 
PEO
 
Average
Non-
PEO NEOs
 
PEO
 
Average
Non-
PEO NEOs
               
    Deduction for amounts reported under the “Stock Awards” columns in the Summary Compensation Table for the year     $ (7,625,400 )     $ (1,054,768 )     $ (7,370,377 )     $ (1,338,855 )     $ (10,291,269 )     $ (2,004,567 )
               
    Increase based on ASC 718 Fair Value of awards granted during applicable year that remain unvested as of the applicable year end, determined as of the applicable year end       12,272,017         1,697,501         10,732,579         1,957,339         10,795,390         2,084,805  
               
    Increase/deduction for awards granted during prior years that were outstanding and unvested as of the applicable year end, determined based on the change in ASC 718 Fair Value from the prior year end to the applicable year end       (829,684 )       (102,997 )       1,999,365         300,493         1,105,617         188,800  
               
    Increase/deduction for awards granted during prior years that vested during the applicable year, determined based on change in ASC 718 Fair Value from the prior year end to the vesting date       (397,270 )       (51,417 )       (229,683 )       (28,413 )       446,039         60,344  
               
    Increase based on Dividends Paid during the year prior to vesting date       183,484         25,698         (178,461 )       (22,698 )       944,159         169,210  
               
    Deduction of ASC 718 Fair Value of awards granted during prior year that were forfeited during the applicable year, determined as of prior year end       —           —           —           —           —           —    
               
    TOTAL ADJUSTMENTS     $ 3,603,146       $ 514,017       $ 4,953,424       $ 867,865       $ 2,999,935       $ 498,593  
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block] LOGO    
Compensation Actually Paid vs. Net Income [Text Block] LOGO    
Compensation Actually Paid vs. Company Selected Measure [Text Block] LOGO    
Total Shareholder Return Vs Peer Group [Text Block] LOGO    
Tabular List [Table Text Block]
 
 
 
MOST IMPORTANT FINANCIAL PERFORMANCE MEASURES
 
 
Adjusted EBITDA
re
 
 
Relative Total Stockholder Return
 
 
Cost Per Occupied Room
 
 
Capital Expenditure Cash Flow
 
   
Total Shareholder Return Amount $ 90.99 95.39 80.25
Peer Group Total Shareholder Return Amount 76.5 90.32 76.4
Net Income (Loss) $ 643,000,000 $ (11,000,000) $ (741,000,000)
Company Selected Measure Amount 1,498,000,000 532,000,000 (168,000,000)
PEO Name James F. Risoleo    
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBITDAre    
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Relative Total Stockholder Return    
Measure [Axis]: 3      
Pay vs Performance Disclosure [Table]      
Measure Name Cost Per Occupied Room    
Measure [Axis]: 4      
Pay vs Performance Disclosure [Table]      
Measure Name Capital Expenditure Cash Flow    
PEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 2,999,935 $ 4,953,424 $ 3,603,146
PEO [Member] | Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (10,291,269) (7,370,377) (7,625,400)
PEO [Member] | Fair Value Of Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 10,795,390 10,732,579 12,272,017
PEO [Member] | Fair Value of Awards Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,105,617 1,999,365 (829,684)
PEO [Member] | Fair Value of Awards vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 446,039 (229,683) (397,270)
PEO [Member] | Increase Based on Dividends Paid [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 944,159 (178,461) 183,484
PEO [Member] | Fair Value of Awards Forfeited [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 498,593 867,865 514,017
Non-PEO NEO [Member] | Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,004,567) (1,338,855) (1,054,768)
Non-PEO NEO [Member] | Fair Value Of Awards Granted [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 2,084,805 1,957,339 1,697,501
Non-PEO NEO [Member] | Fair Value of Awards Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 188,800 300,493 (102,997)
Non-PEO NEO [Member] | Fair Value of Awards vested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 60,344 (28,413) (51,417)
Non-PEO NEO [Member] | Increase Based on Dividends Paid [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 169,210 (22,698) 25,698
Non-PEO NEO [Member] | Fair Value of Awards Forfeited [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 0 $ 0