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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
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 “compensation actually paid”, or “CAP”, to our named executive officers and certain financial performance metrics. For information concerning the Company’s philosophy and how the Company aligns executive compensation with the Company’s performance, refer to “Compensation Discussion and Analysis – 2024 Executive Compensation and Decisions.”
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
(a)
 
 
Summary
Compensation
Table
Total for
PEO(1)
(b)
 
 
Compensation
Actually Paid
for PEO(1)(3)
(c)
 
 
Average
Summary
Compensation
Table Total
for Non- PEO
Named
Executive
Officers(2)
(d)
 
 
Average
Compensation
Actually
Paid for Non-
PEO Named
Executive
Officers(2)(3)
(e)
 
 
Value of Initial
Fixed $100
Investment Based
on:
 
 
Net
Income
(h)
 
 
Economic
Adjusted
EBITDA(5)
(j)
 
 
Company
TSR
(f)
 
 
Peer
Group(4)
TSR
(g)
 
 
2024
 
 
$14,027,251
 
 
$11,395,663
 
 
$5,165,225
 
 
$4,488,214
 
 
$96.94
 
 
$116.79
 
 
$60M
 
 
$1,112M
 
 
2023
 
 
$9,794,601
 
 
$6,730,057
 
 
$2,788,345
 
 
$2,021,738
 
 
$104.26
 
 
$136.09
 
 
$313 M
 
 
$1,026M
 
 
2022
 
 
$10,608,845
 
 
$7,231,251
 
 
$3,713,962
 
 
$3,209,375
 
 
$73.96
 
 
$79.94
 
 
$352 M
 
 
$1,049M
 
 
2021
 
 
$17,455,265
 
 
$24,438,040
 
 
$5,320,316
 
 
$7,288,365
 
 
$166.22
 
 
$111.49
 
 
$176 M
 
 
$640M
 
 
2020
 
 
$6,956,774
 
 
$2,576,295
 
 
$2,103,890
 
 
$1,526,890
 
 
$91.16
 
 
$101.75
 
 
$(201)M
 
 
$106M
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
The principal executive officer (the “PEO”) for each of 2024, 2023, 2022, 2021 and 2020 is Mr. Wang.
(2)
The non-PEO named executive officers (the “non-PEO NEOs”) for each applicable year include the following individuals:
 
 
 
 
2022, 2023 and 2024:
 
 
Messrs. Mathewes, Gurnik, Corbin, and Brizi.
2021:
 
 
Messrs. Mathewes, Gurnik, Corbin and Brizi, as well as Mr. DeLorenzo and Mr. Stan R. Soroka. Effective as of August 2, 2021, Messrs. DeLorenzo and Soroka were no longer “executive officers” within the meaning of Rule 3b-7 under the Securities Exchange Act of 1934, as amended. Mr. Soroka separated from the Company effective December 31, 2022 and Mr. DeLorenzo separated from the Company effective March 1st, 2024.
2020:
 
 
Messrs. Mathewes and Corbin, as well as Mr. DeLorenzo, Ms. Sherri A. Silver, and Ms. Barbara L. Hollkamp. Ms. Silver and Ms. Hollkamp separated from the Company effective as of August 3, 2021 and July 31, 2020, respectively.
(3)
The dollar amounts reported in columns (c) and (e) represent the “compensation actually paid”, or “CAP”, to the PEO and the Non-PEO NEOs, respectively, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO or the Non-PEO NEOs, respectively, during the applicable year. To calculate CAP for the PEO and average CAP for the Non-PEO NEOs, the following amounts were deducted from and added to Summary Compensation Table total compensation:
PEO Equity Component of CAP(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtracted:
 
 
Added:
 
 
Subtracted:
 
 
Added:
 
 
 
 
 
 
 
 
Grant Date
Fair Value of
Awards
Granted in
the Year($)(b)
 
 
Year End
Fair Value
of Unvested
Equity Awards
Granted in the
Year($)(c)(d)
 
 
Year over Year
Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
($)(c)(d)
 
 
Fair Value as
of Vesting
Date of
Equity Awards
Granted and
Vested in the
Year($)(c)(d)
 
 
Year over Year
Change in
Fair Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
 
 
Fair Value at
the End of the
Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in
the Year
($)(c)(d)
 
 
Value of
Dividends or
other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
 
Total
Equity
Award
Adjustments
($)
 
 
2024
 
 
$9,696,728
 
 
$7,637,907
 
 
$(1,193,560)
 
 
$0
 
 
$620,791
 
 
$0
 
 
$0
 
 
$(2,631,589)
 
 
2023
 
 
$6,851,639
 
 
$4,321,739
 
 
$(1,508,215)
 
 
$0
 
 
$973,571
 
 
$0
 
 
$0
 
 
$(3,064,544)
 
 
2022
 
 
$6,519,985
 
 
$5,897,247
 
 
$(2,712,140)
 
 
$0
 
 
$(42,716)
 
 
$0
 
 
$0
 
 
$(3,377,594)
 
 
2021
 
 
$14,159,967
 
 
$18,293,765
 
 
$2,108,590
 
 
$0
 
 
$740,387
 
 
$0
 
 
$0
 
 
$6,982,775
 
 
2020
 
 
$5,171,691
 
 
$2,642,054
 
 
$(38,010)
 
 
$0
 
 
$(1,812,832)
 
 
$0
 
 
$0
 
 
$(4,380,479)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-PEO NEO Equity Component of CAP (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtracted:
 
 
Added:
 
 
Subtracted:
 
 
Added:
 
 
 
 
 
 
 
 
Average
Grant Date
Fair Value
of Awards
Granted in
the Year($)(b)
 
 
Average
Year End
Fair Value
of
Unvested
Equity
Awards
Granted in
the Year
($)(c)(d)
 
 
Year over Year
Average
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
($)(c)(d)
 
 
Average Fair Value
as of Vesting Date
of Equity Awards
Granted and
Vested in the Year
($)(c)(d)
 
 
Year over Year
Average
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
($)(c)(d)
 
 
Average Fair Value
at the End of the
Prior Year of
Equity Awards
that Failed to Meet
Vesting
Conditions in the
Year($)(c)(d)
 
 
Average Value
of Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
 
Total
Average
Equity
Award
Adjustments
($)
 
 
2024
 
 
$3,197,810
 
 
$2,293,203
 
 
$(284,360)
 
 
$0
 
 
$511,955
 
 
$0
 
 
$0
 
 
$(677,011)
 
 
2023
 
 
$1,635,011
 
 
$1,031,297
 
 
$(578,316)
 
 
$0
 
 
$415,423
 
 
$0
 
 
$0
 
 
$(766,607)
 
 
2022
 
 
$1,932,553
 
 
$1,612,586
 
 
$(146,092)
 
 
$0
 
 
$(38,529)
 
 
$0
 
 
$0
 
 
$(504,588)
 
 
2021
 
 
$3,674,324
 
 
$4,781,582
 
 
$608,065
 
 
$0
 
 
$252,726
 
 
$0
 
 
$0
 
 
$1,968,049
 
 
2020
 
 
$1,063,275
 
 
$780,684
 
 
$(6,821)
 
 
$0
 
 
$(287,589)
 
 
$0
 
 
$0
 
 
$(577,000)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
There are no pension benefits for the PEO or the Non-PEO NEOs.
(b)
Represents the grant date fair value of equity-based awards granted each year.
(c)
The fair value of the stock options was determined using the Black Scholes model, which is consistent with the fair value methodology used to account for share-based payments in our financial statements. The assumptions used in calculating the fair value of the stock options did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table for the applicable years.
(d)
The fair value of the Service RSUs was determined based on the stock price on the applicable valuation dates. The fair value of the Performance RSUs, the Diamond Acquisition Incentive Awards and the Bluegreen PSU Awards was determined based on the probable outcome of the performance condition and the stock price on the applicable valuation dates. The assumptions used in calculating the fair value of the Service RSUs, the Performance RSUs, the Diamond Acquisition Incentive Awards and the Bluegreen PSU Awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table for the applicable year, except that the fair value calculations of (i) the 2021 Performance RSUs and the Diamond Acquisition Incentive Awards as of December 31, 2022 and 2021, assumed a payout between target and maximum performance, which was the probable outcome of the applicable performance conditions as of December 31, 2022 and 2021, respectively, and (ii) the 2022 Performance RSUs as of December 31, 2022 assumed a payout at maximum performance, which was the probable outcome of the applicable performance conditions as of December 31, 2022, in each case compared to the grant date fair value calculations of such Performance RSUs, which assumed a payout at target. The fair value calculation used herein is consistent with the fair value methodology used to account for share- based payments in our financial statements.
(4)
The peer group that we used for purposes of this disclosure is the Dow Jones US Travel & Leisure Total Return Index GICS Level 2(DJUSGCT), the same index used for our performance graph disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.
(5)
Our company selected measure is Economic Adjusted EBITDA, which is calculated as described in Appendix A in this proxy statement.
       
Company Selected Measure Name Economic Adjusted EBITDA        
Named Executive Officers, Footnote
(1)
The principal executive officer (the “PEO”) for each of 2024, 2023, 2022, 2021 and 2020 is Mr. Wang.
(2)
The non-PEO named executive officers (the “non-PEO NEOs”) for each applicable year include the following individuals:
 
 
 
 
2022, 2023 and 2024:
 
 
Messrs. Mathewes, Gurnik, Corbin, and Brizi.
2021:
 
 
Messrs. Mathewes, Gurnik, Corbin and Brizi, as well as Mr. DeLorenzo and Mr. Stan R. Soroka. Effective as of August 2, 2021, Messrs. DeLorenzo and Soroka were no longer “executive officers” within the meaning of Rule 3b-7 under the Securities Exchange Act of 1934, as amended. Mr. Soroka separated from the Company effective December 31, 2022 and Mr. DeLorenzo separated from the Company effective March 1st, 2024.
2020:
 
 
Messrs. Mathewes and Corbin, as well as Mr. DeLorenzo, Ms. Sherri A. Silver, and Ms. Barbara L. Hollkamp. Ms. Silver and Ms. Hollkamp separated from the Company effective as of August 3, 2021 and July 31, 2020, respectively.
        
Peer Group Issuers, Footnote
(4)
The peer group that we used for purposes of this disclosure is the Dow Jones US Travel & Leisure Total Return Index GICS Level 2(DJUSGCT), the same index used for our performance graph disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024.
       
PEO Total Compensation Amount $ 14,027,251 $ 9,794,601 $ 10,608,845 $ 17,455,265 $ 6,956,774
PEO Actually Paid Compensation Amount $ 11,395,663 6,730,057 7,231,251 24,438,040 2,576,295
Adjustment To PEO Compensation, Footnote
(3)
The dollar amounts reported in columns (c) and (e) represent the “compensation actually paid”, or “CAP”, to the PEO and the Non-PEO NEOs, respectively, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO or the Non-PEO NEOs, respectively, during the applicable year. To calculate CAP for the PEO and average CAP for the Non-PEO NEOs, the following amounts were deducted from and added to Summary Compensation Table total compensation:
PEO Equity Component of CAP(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtracted:
 
 
Added:
 
 
Subtracted:
 
 
Added:
 
 
 
 
 
 
 
 
Grant Date
Fair Value of
Awards
Granted in
the Year($)(b)
 
 
Year End
Fair Value
of Unvested
Equity Awards
Granted in the
Year($)(c)(d)
 
 
Year over Year
Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
($)(c)(d)
 
 
Fair Value as
of Vesting
Date of
Equity Awards
Granted and
Vested in the
Year($)(c)(d)
 
 
Year over Year
Change in
Fair Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
 
 
Fair Value at
the End of the
Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in
the Year
($)(c)(d)
 
 
Value of
Dividends or
other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
 
Total
Equity
Award
Adjustments
($)
 
 
2024
 
 
$9,696,728
 
 
$7,637,907
 
 
$(1,193,560)
 
 
$0
 
 
$620,791
 
 
$0
 
 
$0
 
 
$(2,631,589)
 
 
2023
 
 
$6,851,639
 
 
$4,321,739
 
 
$(1,508,215)
 
 
$0
 
 
$973,571
 
 
$0
 
 
$0
 
 
$(3,064,544)
 
 
2022
 
 
$6,519,985
 
 
$5,897,247
 
 
$(2,712,140)
 
 
$0
 
 
$(42,716)
 
 
$0
 
 
$0
 
 
$(3,377,594)
 
 
2021
 
 
$14,159,967
 
 
$18,293,765
 
 
$2,108,590
 
 
$0
 
 
$740,387
 
 
$0
 
 
$0
 
 
$6,982,775
 
 
2020
 
 
$5,171,691
 
 
$2,642,054
 
 
$(38,010)
 
 
$0
 
 
$(1,812,832)
 
 
$0
 
 
$0
 
 
$(4,380,479)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
There are no pension benefits for the PEO or the Non-PEO NEOs.
(b)
Represents the grant date fair value of equity-based awards granted each year.
(c)
The fair value of the stock options was determined using the Black Scholes model, which is consistent with the fair value methodology used to account for share-based payments in our financial statements. The assumptions used in calculating the fair value of the stock options did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table for the applicable years.
(d)
The fair value of the Service RSUs was determined based on the stock price on the applicable valuation dates. The fair value of the Performance RSUs, the Diamond Acquisition Incentive Awards and the Bluegreen PSU Awards was determined based on the probable outcome of the performance condition and the stock price on the applicable valuation dates. The assumptions used in calculating the fair value of the Service RSUs, the Performance RSUs, the Diamond Acquisition Incentive Awards and the Bluegreen PSU Awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table for the applicable year, except that the fair value calculations of (i) the 2021 Performance RSUs and the Diamond Acquisition Incentive Awards as of December 31, 2022 and 2021, assumed a payout between target and maximum performance, which was the probable outcome of the applicable performance conditions as of December 31, 2022 and 2021, respectively, and (ii) the 2022 Performance RSUs as of December 31, 2022 assumed a payout at maximum performance, which was the probable outcome of the applicable performance conditions as of December 31, 2022, in each case compared to the grant date fair value calculations of such Performance RSUs, which assumed a payout at target. The fair value calculation used herein is consistent with the fair value methodology used to account for share- based payments in our financial statements.
       
Non-PEO NEO Average Total Compensation Amount $ 5,165,225 2,788,345 3,713,962 5,320,316 2,103,890
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,488,214 2,021,738 3,209,375 7,288,365 1,526,890
Adjustment to Non-PEO NEO Compensation Footnote
(3)
The dollar amounts reported in columns (c) and (e) represent the “compensation actually paid”, or “CAP”, to the PEO and the Non-PEO NEOs, respectively, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO or the Non-PEO NEOs, respectively, during the applicable year. To calculate CAP for the PEO and average CAP for the Non-PEO NEOs, the following amounts were deducted from and added to Summary Compensation Table total compensation:
Non-PEO NEO Equity Component of CAP (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtracted:
 
 
Added:
 
 
Subtracted:
 
 
Added:
 
 
 
 
 
 
 
 
Average
Grant Date
Fair Value
of Awards
Granted in
the Year($)(b)
 
 
Average
Year End
Fair Value
of
Unvested
Equity
Awards
Granted in
the Year
($)(c)(d)
 
 
Year over Year
Average
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
($)(c)(d)
 
 
Average Fair Value
as of Vesting Date
of Equity Awards
Granted and
Vested in the Year
($)(c)(d)
 
 
Year over Year
Average
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
($)(c)(d)
 
 
Average Fair Value
at the End of the
Prior Year of
Equity Awards
that Failed to Meet
Vesting
Conditions in the
Year($)(c)(d)
 
 
Average Value
of Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
 
Total
Average
Equity
Award
Adjustments
($)
 
 
2024
 
 
$3,197,810
 
 
$2,293,203
 
 
$(284,360)
 
 
$0
 
 
$511,955
 
 
$0
 
 
$0
 
 
$(677,011)
 
 
2023
 
 
$1,635,011
 
 
$1,031,297
 
 
$(578,316)
 
 
$0
 
 
$415,423
 
 
$0
 
 
$0
 
 
$(766,607)
 
 
2022
 
 
$1,932,553
 
 
$1,612,586
 
 
$(146,092)
 
 
$0
 
 
$(38,529)
 
 
$0
 
 
$0
 
 
$(504,588)
 
 
2021
 
 
$3,674,324
 
 
$4,781,582
 
 
$608,065
 
 
$0
 
 
$252,726
 
 
$0
 
 
$0
 
 
$1,968,049
 
 
2020
 
 
$1,063,275
 
 
$780,684
 
 
$(6,821)
 
 
$0
 
 
$(287,589)
 
 
$0
 
 
$0
 
 
$(577,000)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
There are no pension benefits for the PEO or the Non-PEO NEOs.
(b)
Represents the grant date fair value of equity-based awards granted each year.
(c)
The fair value of the stock options was determined using the Black Scholes model, which is consistent with the fair value methodology used to account for share-based payments in our financial statements. The assumptions used in calculating the fair value of the stock options did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table for the applicable years.
(d)
The fair value of the Service RSUs was determined based on the stock price on the applicable valuation dates. The fair value of the Performance RSUs, the Diamond Acquisition Incentive Awards and the Bluegreen PSU Awards was determined based on the probable outcome of the performance condition and the stock price on the applicable valuation dates. The assumptions used in calculating the fair value of the Service RSUs, the Performance RSUs, the Diamond Acquisition Incentive Awards and the Bluegreen PSU Awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table for the applicable year, except that the fair value calculations of (i) the 2021 Performance RSUs and the Diamond Acquisition Incentive Awards as of December 31, 2022 and 2021, assumed a payout between target and maximum performance, which was the probable outcome of the applicable performance conditions as of December 31, 2022 and 2021, respectively, and (ii) the 2022 Performance RSUs as of December 31, 2022 assumed a payout at maximum performance, which was the probable outcome of the applicable performance conditions as of December 31, 2022, in each case compared to the grant date fair value calculations of such Performance RSUs, which assumed a payout at target. The fair value calculation used herein is consistent with the fair value methodology used to account for share- based payments in our financial statements.
       
Compensation Actually Paid vs. Total Shareholder Return
CAP versus TSR and Peer Group TSR
       
Compensation Actually Paid vs. Net Income
CAP versus Net Income
       
Compensation Actually Paid vs. Company Selected Measure
CAP versus Economic Adjusted EBITDA
       
Total Shareholder Return Vs Peer Group
CAP versus TSR and Peer Group TSR
       
Tabular List, Table
 
Tabular Disclosure of Most Important Measures Used by the Company to Link CAP to the Company’s NEOs for 2024
Economic Adjusted EBITDA
Contract Sales
Total Economic Revenue
 
        
Total Shareholder Return Amount $ 96.94 104.26 73.96 166.22 91.16
Peer Group Total Shareholder Return Amount $ 116.79 $ 136.09 $ 79.94 $ 111.49 $ 101.75
Company Selected Measure Amount 1,112,000,000 1,026,000,000 1,049,000,000 640,000,000 106,000,000
PEO Name Mr. Wang Mr. Wang Mr. Wang Mr. Wang Mr. Wang
Equity Awards Adjustments, Footnote
(3)
The dollar amounts reported in columns (c) and (e) represent the “compensation actually paid”, or “CAP”, to the PEO and the Non-PEO NEOs, respectively, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO or the Non-PEO NEOs, respectively, during the applicable year. To calculate CAP for the PEO and average CAP for the Non-PEO NEOs, the following amounts were deducted from and added to Summary Compensation Table total compensation:
PEO Equity Component of CAP(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtracted:
 
 
Added:
 
 
Subtracted:
 
 
Added:
 
 
 
 
 
 
 
 
Grant Date
Fair Value of
Awards
Granted in
the Year($)(b)
 
 
Year End
Fair Value
of Unvested
Equity Awards
Granted in the
Year($)(c)(d)
 
 
Year over Year
Change in
Fair Value of
Outstanding
and Unvested
Equity Awards
($)(c)(d)
 
 
Fair Value as
of Vesting
Date of
Equity Awards
Granted and
Vested in the
Year($)(c)(d)
 
 
Year over Year
Change in
Fair Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
 
 
Fair Value at
the End of the
Prior
Year of Equity
Awards that
Failed to Meet
Vesting
Conditions in
the Year
($)(c)(d)
 
 
Value of
Dividends or
other Earnings
Paid on Stock
or Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
 
Total
Equity
Award
Adjustments
($)
 
 
2024
 
 
$9,696,728
 
 
$7,637,907
 
 
$(1,193,560)
 
 
$0
 
 
$620,791
 
 
$0
 
 
$0
 
 
$(2,631,589)
 
 
2023
 
 
$6,851,639
 
 
$4,321,739
 
 
$(1,508,215)
 
 
$0
 
 
$973,571
 
 
$0
 
 
$0
 
 
$(3,064,544)
 
 
2022
 
 
$6,519,985
 
 
$5,897,247
 
 
$(2,712,140)
 
 
$0
 
 
$(42,716)
 
 
$0
 
 
$0
 
 
$(3,377,594)
 
 
2021
 
 
$14,159,967
 
 
$18,293,765
 
 
$2,108,590
 
 
$0
 
 
$740,387
 
 
$0
 
 
$0
 
 
$6,982,775
 
 
2020
 
 
$5,171,691
 
 
$2,642,054
 
 
$(38,010)
 
 
$0
 
 
$(1,812,832)
 
 
$0
 
 
$0
 
 
$(4,380,479)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-PEO NEO Equity Component of CAP (a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Subtracted:
 
 
Added:
 
 
Subtracted:
 
 
Added:
 
 
 
 
 
 
 
 
Average
Grant Date
Fair Value
of Awards
Granted in
the Year($)(b)
 
 
Average
Year End
Fair Value
of
Unvested
Equity
Awards
Granted in
the Year
($)(c)(d)
 
 
Year over Year
Average
Change in Fair
Value of
Outstanding
and Unvested
Equity Awards
($)(c)(d)
 
 
Average Fair Value
as of Vesting Date
of Equity Awards
Granted and
Vested in the Year
($)(c)(d)
 
 
Year over Year
Average
Change in Fair
Value of
Equity Awards
Granted in
Prior Years
that Vested in
the Year
($)(c)(d)
 
 
Average Fair Value
at the End of the
Prior Year of
Equity Awards
that Failed to Meet
Vesting
Conditions in the
Year($)(c)(d)
 
 
Average Value
of Dividends
or other
Earnings Paid
on Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
($)
 
 
Total
Average
Equity
Award
Adjustments
($)
 
 
2024
 
 
$3,197,810
 
 
$2,293,203
 
 
$(284,360)
 
 
$0
 
 
$511,955
 
 
$0
 
 
$0
 
 
$(677,011)
 
 
2023
 
 
$1,635,011
 
 
$1,031,297
 
 
$(578,316)
 
 
$0
 
 
$415,423
 
 
$0
 
 
$0
 
 
$(766,607)
 
 
2022
 
 
$1,932,553
 
 
$1,612,586
 
 
$(146,092)
 
 
$0
 
 
$(38,529)
 
 
$0
 
 
$0
 
 
$(504,588)
 
 
2021
 
 
$3,674,324
 
 
$4,781,582
 
 
$608,065
 
 
$0
 
 
$252,726
 
 
$0
 
 
$0
 
 
$1,968,049
 
 
2020
 
 
$1,063,275
 
 
$780,684
 
 
$(6,821)
 
 
$0
 
 
$(287,589)
 
 
$0
 
 
$0
 
 
$(577,000)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
There are no pension benefits for the PEO or the Non-PEO NEOs.
(b)
Represents the grant date fair value of equity-based awards granted each year.
(c)
The fair value of the stock options was determined using the Black Scholes model, which is consistent with the fair value methodology used to account for share-based payments in our financial statements. The assumptions used in calculating the fair value of the stock options did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table for the applicable years.
(d)
The fair value of the Service RSUs was determined based on the stock price on the applicable valuation dates. The fair value of the Performance RSUs, the Diamond Acquisition Incentive Awards and the Bluegreen PSU Awards was determined based on the probable outcome of the performance condition and the stock price on the applicable valuation dates. The assumptions used in calculating the fair value of the Service RSUs, the Performance RSUs, the Diamond Acquisition Incentive Awards and the Bluegreen PSU Awards did not differ in any material respect from the assumptions used to calculate the grant date fair value of the awards as reported in the Summary Compensation Table for the applicable year, except that the fair value calculations of (i) the 2021 Performance RSUs and the Diamond Acquisition Incentive Awards as of December 31, 2022 and 2021, assumed a payout between target and maximum performance, which was the probable outcome of the applicable performance conditions as of December 31, 2022 and 2021, respectively, and (ii) the 2022 Performance RSUs as of December 31, 2022 assumed a payout at maximum performance, which was the probable outcome of the applicable performance conditions as of December 31, 2022, in each case compared to the grant date fair value calculations of such Performance RSUs, which assumed a payout at target. The fair value calculation used herein is consistent with the fair value methodology used to account for share- based payments in our financial statements.
       
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 60,000,000 $ 313,000,000 $ 352,000,000 $ 176,000,000 $ (201,000,000)
Measure:: 1          
Pay vs Performance Disclosure          
Name Economic Adjusted EBITDA        
Non-GAAP Measure Description
(5)
Our company selected measure is Economic Adjusted EBITDA, which is calculated as described in Appendix A in this proxy statement.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Contract Sales        
Measure:: 3          
Pay vs Performance Disclosure          
Name Total Economic Revenue        
PEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (2,631,589) (3,064,544) (3,377,594) 6,982,775 (4,380,479)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (9,696,728) (6,851,639) (6,519,985) (14,159,967) (5,171,691)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,637,907 4,321,739 5,897,247 18,293,765 2,642,054
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,193,560) (1,508,215) (2,712,140) 2,108,590 (38,010)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 620,791 973,571 (42,716) 740,387 (1,812,832)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Equity Awards Adjustments          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (677,011) (766,607) (504,588) 1,968,049 (577,000)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,197,810) (1,635,011) (1,932,553) (3,674,324) (1,063,275)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,293,203 1,031,297 1,612,586 4,781,582 780,684
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (284,360) (578,316) (146,092) 608,065 (6,821)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 511,955 415,423 (38,529) 252,726 (287,589)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0