Pay Versus Performance Disclosure

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of our Company, illustrating pay versus performance, or PVP.

Year	Summary Compensation Table Total for PEO Wine ($)	⁽¹⁾	Compensation Actually Paid to PEO Wine ($)	⁽¹⁾	Summary Compensation Table Total for PEO Speetzen ($)	⁽²⁾	Compensation Actually Paid to PEO Speetzen ($)	⁽²⁾	Avg. Summary Compensation Table Total for Non-PEO NEOs ($)	⁽³⁾	Average Compensation Actually Paid to Non-PEO NEOs ($)		Value of Initial Fixed $100 Investment Based On:		Net Income ($ in millions)	Adjusted EPS ($)
Year	Summary Compensation Table Total for PEO Wine ($)	⁽¹⁾	Compensation Actually Paid to PEO Wine ($)	⁽¹⁾	Summary Compensation Table Total for PEO Speetzen ($)	⁽²⁾	Compensation Actually Paid to PEO Speetzen ($)	⁽²⁾		⁽³⁾	Average Compensation Actually Paid to Non-PEO NEOs ($)	⁽³⁾	Company TSR	S&P 1500 Leisure TSR	Net Income ($ in millions)	Adjusted EPS ($)
2022	N/A		N/A		8,764,103		7,956,976		3,391,580		3,114,271		107.00	97.46	447.1	10.40
2021	N/A		N/A		9,758,906		10,909,327		4,432,529		5,484,661		150.78	141.95	493.9	9.13
2020	8,137,459		4,798,447		N/A		N/A		3,293,726		2,696,883		127.99	117.06	124.8	7.74
(1) 2020 principle executive officer (PEO): S. Wine (2) 2021-2022 PEO: M. Speetzen (3) The non-PEO named executive officers (NEOs) reflects the following individuals in each year: 2022: R. Mack, K. Pucel, S. Menneto, and S. Eastman 2021: R. Mack, K. Pucel, S. Menneto, and L. Clark Dougherty 2020: M. Speetzen, K. Pucel, S. Menneto, and S. Eastman

Compensation Actually Paid (CAP) illustrated in the table above is calculated by making the following adjustments from the Summary Compensation Table (SCT) totals as follows:

Item and Value Added (Deducted)		2022		2021		2020
For PEO:		Speetzen		Speetzen		Wine
- SCT “Stock Awards” column value	$	2,957,842	$	5,112,244	$	3,529,122
- SCT “Option Awards” column value	$	2,875,026	$	2,057,559	$	4,031,134
+ year-end fair value of outstanding equity awards granted in Covered Year	$	5,267,737	$	6,005,587	$	7,513,453
+/- change in fair value of outstanding equity awards granted in prior years	$	(272,846)	$	937,493	$	(1,553,106)
+/- change in fair value of prior-year equity awards vested in Covered Year	$	30,847	$	1,377,144	$	(1,739,103)
For Non-PEO Named Executive Officers (Average):
- SCT “Stock Awards” column value	$	925,950	$	2,224,573	$	844,580
- SCT “Option Awards” column value	$	900,010	$	814,150	$	837,511
+ year-end fair value of outstanding equity awards granted in Covered Year	$	1,649,055	$	2,708,993	$	1,797,982
+/- change in fair value of outstanding equity awards granted in prior years	$	(154,621)	$	751,578	$	(361,717)
+/- change in fair value of prior-year equity awards vested in Covered Year	$	54,217	$	630,284	$	(346,446)