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AI English summary of an SEC filing — figures as filed

Booking Holdings logoBooking Holdings BKNG

The company said it entered into an additional letter agreement with David I. Goulden, its former chief financial officer, on December 18, 2024, extending his part-time employment as Executive Vice President of Finance from January 1, 2025 to March 31, 2025.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it entered into an additional letter agreement with David I. Goulden, its former chief financial officer, on December 18, 2024, extending his part-time employment as Executive Vice President of Finance from January 1, 2025 to March 31, 2025.

  2. Booking Holdings said Mr. Goulden will receive a base salary of $315,000 on an annualized basis during the Additional Period, and that he is expected to work at least approximately 25 hours per week.

  3. The company said no equity awards held by David I. Goulden will be eligible to vest after the Additional Period, and any awards unvested as of the last day of the Additional Period will be forfeited.

  4. The company said David I. Goulden will not be eligible for a cash bonus for any period after December 31, 2024. It said the portion of his 2023 Performance Share Unit award for which the service vesting condition has been satisfied as of the last day of the Additional Period will vest, subject to performance criteria, and will be settled in March 2026.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Goulden Extends Part-Time Employment Period

The company said it entered into an additional letter agreement with David I. Goulden, its former chief financial officer, on December 18, 2024, extending his part-time employment as Executive Vice President of Finance from January 1, 2025 to March 31, 2025.

Source · Based on the filing body and exhibits

Base Salary of $315,000 a Year for Additional Period

Booking Holdings said Mr. Goulden will receive a base salary of $315,000 on an annualized basis during the Additional Period, and that he is expected to work at least approximately 25 hours per week.

Source · Based on the filing body and exhibits

No Equity Vesting After Additional Period

The company said no equity awards held by David I. Goulden will be eligible to vest after the Additional Period, and any awards unvested as of the last day of the Additional Period will be forfeited.

Source · Based on the filing body and exhibits

No Cash Bonus; 2023 PSU Exception

The company said David I. Goulden will not be eligible for a cash bonus for any period after December 31, 2024. It said the portion of his 2023 Performance Share Unit award for which the service vesting condition has been satisfied as of the last day of the Additional Period will vest, subject to performance criteria, and will be settled in March 2026.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.