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This latest development follows a series of agreements detailed in earlier SEC filings, including a letter agreement dated February 23, 2023, and an amendment on April 4, 2024, which outlined the conditions for Goulden's continued service beyond his tenure as CFO.The arrangement underscores the company's efforts to maintain leadership continuity in its finance operations. Booking Holdings (NASDAQ:BKNG), formerly known as Priceline Group Inc., is headquartered in Norwalk, Connecticut, and operates through various well-known travel brands.
InvestingPro identifies the company as a prominent player in the Hotels, Restaurants & Leisure industry, with 13 additional key insights available to subscribers.The information provided in this article is based on the company's filing with the Securities and Exchange Commission. The SEC filing includes the additional letter agreement, dated December 18, 2024, between Booking Holdings Inc. and David I. Goulden, which can be referenced for further details on the agreement's specifics.
The new agreement, effective from January 1, 2025, comes as a supplement to previous arrangements between Goulden and Booking Holdings. Under the terms of this extension, Goulden will receive an annualized base salary of $315,000 during this additional period. However, the SEC filing noted that Goulden's outstanding equity awards will not be eligible for vesting following the conclusion of this extended term.
The information provided in this article is based on the company's filing with the Securities and Exchange Commission. The SEC filing includes the additional letter agreement, dated December 18, 2024, between Booking Holdings Inc. and David I. Goulden, which can be referenced for further details on the agreement's specifics.
In other recent news, Booking Holdings has announced a restructuring plan, including workforce reductions and other cost-saving measures, to enhance its operating efficiency. This follows the company's robust financial performance, with nearly 300 million room nights booked, an 8% increase from the previous year, and revenue rising to $8 billion, a 9% increase from the previous year.
Financial services firm TD Cowen has raised its price target for Booking Holdings, maintaining a "Buy" rating and citing an expected 8% increase in booked nights in 2024. The firm's CFO, Ewout Steenbergen, has noted a delay in vacation planning among American consumers due to inflation, contrasting with an uptick in advance bookings from European travelers.
Meanwhile, the Federal Trade Commission has implemented a rule targeting deceptive pricing and hidden fees in the live-event ticketing and short-term lodging industries, potentially impacting Booking Holdings' operations.
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