Booking Holdings Inc. (BKNG, Financial) has announced an extension of the part-time employment of its former Chief Financial Officer, David I. Goulden. According to a recent filing, the company and Mr. Goulden have entered into an additional letter agreement that supplements the previous agreements made in February 2023 and April 2024. This new agreement will see Mr. Goulden continue his role as Executive Vice President of Finance from January 1, 2025, to March 31, 2025.
During this additional period, Mr. Goulden will receive a base salary of $315,000 on an annualized basis. However, it is noted that his outstanding equity awards will not be eligible for vesting after the conclusion of this period. This strategic decision reflects Booking Holdings' ongoing commitment to maintaining financial leadership and stability as it navigates the evolving market landscape.
Investors and stakeholders may find this development significant as it underscores the company's focus on leveraging experienced leadership to drive financial strategy and performance. For more detailed insights and implications of this agreement, interested parties are encouraged to review the full filing available on the SEC's website.
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