Expedia CEO to Receive a $17 Million Award if He Hits Share-Price Mark

Dennis Schaal

September 25th, 2017 at 2:00 AM EDT

Photo Credit: Expedia's new CEO, Mark Okerstrom, would receive a bountiful compensation package if he can lead the company to hitting $200 per share. Expedia

Skift Take

You want your CEO to be very motivated for shareholders and employees — and for his or her personal gain. Mark Okerstrom clearly is such a guy.

Expedia's new CEO is excited to be calling the shots at the big online travel company, and he has innumerable reasons to be motivated. Mark Okerstrom, who assumed the Expedia top job at the beginning of the month, has a big incentive to increase the company's value: $17 million or more in performance-based stock options. The company revealed late Thursday that Okerstrom would be awarded 300,000 Expedia stock options if the stock price averages $200 per share in the six- or 12-month period immediately before September 15, 2021. The exercise price is $142.13 per share; Expedia's shares closed Friday at $145.77. Expedia’s New CEO Mark O

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