Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-23

United Parks & Resorts (SEAS)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$4,891,868
Marc Swanson total, FY2025
10th
CEO pay percentile vs peers
CEO-to-median pay ratio
98.96%
Say-on-pay support, latest vote
Companies that benchmark against SEAS
No companies currently name SEAS as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Marc Swanson$450,000$33,750$4,134,963$265,044$0$0$8,111$4,891,868
Chief Executive Officer
Byron Surrett250,0005,0001,277,36155,200007,6181,595,179
Chief Parks Operations Officer - Non-Florida Parks
Christopher Finazzo400,00001,066,613117,781001,0851,585,479
Chief Commercial Officer
Kyle Miller250,0005,0001,036,64255,200007,7381,354,580
Chief Parks Operations Officer - Florida Parks
James Forrester Jr.285,0009,120545,57062,945007,810910,445
Interim Chief Financial Officer and Treasurer
James Mikolaichik350,00000000857350,857
Former Chief Financial Officer and Treasurer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Marc Swanson$4,891,868$1,078,031$1,106,531+3,813,837
Byron Surrett1,595,1791,000,396948,345+594,783
Christopher Finazzo1,585,4795,347,252734,112−3,761,773
Kyle Miller1,354,580641,135944,464+713,445
James Forrester Jr.910,445905,635823,600+4,810
James Mikolaichik350,8574,656,747−4,305,890

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Christopher FinazzoOPTION2025-11-114,078$82,457
Christopher FinazzoOPTION2025-11-111,74735,324
Christopher FinazzoRSU2025-11-1028,702999,978
Kyle MillerOPTION2025-11-1181916,560
James Forrester Jr.OPTION2025-11-112,18044,080
Kyle MillerRSU2025-11-1028,702999,978
Byron SurrettOPTION2025-11-1181916,560
James Forrester Jr.OPTION2025-11-1193318,865
James Forrester Jr.RSU2025-12-1515,984499,980
Kyle MillerOPTION2025-11-111,91138,640
Byron SurrettRSU2025-05-144,950240,719
Byron SurrettOPTION2025-11-111,91138,640
Byron SurrettPSU2025-11-114801,0681,33536,664
Byron SurrettRSU2025-11-1028,702999,978
Marc SwansonPSU2025-11-111,3763,9324,915134,986
Marc SwansonOPTION2025-11-113,93279,505
Marc SwansonOPTION2025-11-119,176185,539
Marc SwansonRSU2025-12-15113,7653,999,977
Christopher FinazzoPSU2025-11-118241,9412,42666,635
James Forrester Jr.PSU2025-11-115311,3281,66045,590
Kyle MillerPSU2025-11-114801,0681,33536,664
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Christopher Finazzo$999,978$66,635$117,7815.6%
Kyle Miller999,97836,66455,2003.4%
James Forrester Jr.499,98045,59062,9457.5%
Byron Surrett1,240,69736,66455,2002.8%
Marc Swanson3,999,977134,986265,0443.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Marc SwansonRSU100,527$3,649,130
Byron SurrettOption1,54064.94
Kyle MillerPSU1,90969,297
James Forrester Jr.Option93334.33
Byron SurrettPSU7,544273,847
Marc SwansonPSU6,346230,360
James Forrester Jr.Option1,54064.94
Byron SurrettOption35253.18
Christopher FinazzoOption4,53252.96
Christopher FinazzoOption75253.18
Kyle MillerOption1,23952.96
Byron SurrettRSU37,6191,365,570
James Forrester Jr.RSU21,867793,772
Kyle MillerPSU7,544273,847
Marc SwansonRSU9,831356,865
Christopher FinazzoRSU89,1253,235,238
James Forrester Jr.PSU1,50754,704
Marc SwansonOption2,63556.92
Kyle MillerRSU37,6191,365,570
Byron SurrettPSU1,90969,297
James Forrester Jr.Option62656.92
Marc SwansonPSU16,177587,225
Kyle MillerRSU5,635204,551
Christopher FinazzoPSU10,776391,169
Marc SwansonOption9,17634.33
Christopher FinazzoRSU7,956288,803
Christopher FinazzoOption1,17156.92
Byron SurrettRSU5,635204,551
Marc SwansonOption3,93234.33
James Forrester Jr.PSU5,276191,519
James Forrester Jr.RSU3,769136,815
Marc SwansonOption1,69253.18
Christopher FinazzoOption10,57552.96
Christopher FinazzoPSU2,820102,366
Byron SurrettOption53152.96
Marc SwansonOption3,94953.18
James Forrester Jr.Option1,06252.96
James Forrester Jr.Option2,47852.96
James Forrester Jr.Option40253.18
James Forrester Jr.Option93853.18
James Forrester Jr.Option2,18034.33
Christopher FinazzoOption1,75553.18
Christopher FinazzoOption4,07834.33
Kyle MillerOption53152.96
Christopher FinazzoOption1,74734.33
Byron SurrettOption54956.92
Byron SurrettOption1,23952.96
Byron SurrettOption81934.33
Kyle MillerOption35253.18
Byron SurrettOption82353.18
Kyle MillerOption81934.33
Byron SurrettOption1,91134.33
Kyle MillerOption54956.92
Kyle MillerOption1,54064.94
Kyle MillerOption82353.18
Kyle MillerOption1,91134.33
05

Incentive-plan design — the Compensation Discussion & Analysis

The company's total rewards philosophy is designed to attract, retain, and motivate an outstanding executive team to achieve challenging business goals and create value for stockholders. The program emphasizes performance-driven pay, competitive compensation opportunities, alignment with stockholders through significant equity components, and reasonable cost consistent with performance.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantW.T. Haigh & Company
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1641,805,480440,8648,42098.96%Passed
20242024-06-1353,976,123472,92154,73699.13%Passed
20232023-06-1354,034,714348,15833,01099.36%Passed
20222022-06-1351,142,45312,017,37023,44480.97%Passed
20212021-06-1145,559,82419,993,33898,84369.5%Passed
20202020-06-1058,216,5689,760,965898,75085.64%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1698.96%a
20242024-06-1399.13%b
20232023-06-1399.36%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of the Nominee Proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of the Nominee Proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

09

Board fee structure and ownership guideline

Annual cash retainer$110,000
Annual equity retainer$250,000
Per board meeting fee$3,000
Committee chair fees (audit / comp / nom-gov)35,000 / 30,000 / 30,000
Stock ownership guideline$5
10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies United Parks & Resorts names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including United Parks & Resorts.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Travel + Leisure Company2025Michael Brown$1,331,756$10,849,962$0$3,331,300$16,000,693
2Dave & Buster's Entertainment, Inc.2025Tarun Lal452,3087,590,7636,458,289014,502,745
3Marriott Vacations Worldwide Corporation2025John Geller888,4625,599,9841,399,992014,344,132
4Hilton Grand Vacations, Inc.2025Mark Wang1,345,9627,762,44804,540,20014,067,191
5Madison Square Garden Sports Corp.2025James Dolan1,600,0008,096,24603,040,00013,150,269
6Texas Roadhouse, Inc.2025Gerald Morgan1,356,5388,410,9280909,41310,822,133
7Cinemark Holdings, Inc.2025Sean Gamble1,000,0006,499,96803,200,00010,815,407
8The Cheesecake Factory Incorporated2025David Overton1,030,0005,902,12401,445,6058,419,852
9Six Flags Entertainment Corporation2025John Reilly72,3295,709,725005,782,054
10United Parks & Resorts2025Marc Swanson450,0004,134,963265,04404,891,868
11Vail Resorts, Inc.2025Robert Katz1,123,5881,405,6931,405,69303,952,230
AMC Entertainment Holdings, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
United Parks & Resortsnot disclosedPRSU 75 · Option 25not disclosedW.T. Haigh & Company
AMC Entertainment Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Cinemark Holdings, Inc.200%PSU 60 · RSU 40NoPearl Meyer
Dave & Buster's Entertainment, Inc.not disclosedRSU 33 · PSU 33 · Options 33NoFW Cook
Hilton Grand Vacations, Inc.113%PSU 60 · RSU 40NoPearl Meyer
Madison Square Garden Sports Corp.not disclosedPSU 50 · RSU 50not disclosedClearBridge Compensation Group LLC
Marriott Vacations Worldwide Corporation67.27%PSU 50 · RSU 30 · Options 20NoExequity LLP
Six Flags Entertainment Corporation0%PSU 67 · RSU 33NoFW Cook
Texas Roadhouse, Inc.65%RSU 50 · PSU 50NoFW Cook
The Cheesecake Factory Incorporated100.25%PSU 50 · RSU 50NoFW Cook
Travel + Leisure Company142.8%PSU 50 · RSU 50NoAon
Vail Resorts, Inc.92%RSU 50 · Options 50not disclosedAon

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Marc SwansonDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation”. As printed: 4,891,868. Filing ↗machine: r2 · c29 · span 1147865–1147874
2Section 01, Byron SurrettDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation”. As printed: 1,595,179. Filing ↗machine: r13 · c29 · span 1267337–1267346
3Section 01, Christopher FinazzoDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation”. As printed: 1,585,479. Filing ↗machine: r10 · c29 · span 1234777–1234786
4Section 01, Kyle MillerDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation”. As printed: 1,354,580. Filing ↗machine: r16 · c29 · span 1299805–1299814
5Section 01, James Forrester Jr.DEF 14A2026-04-300001193125-26-197833Section “Executive Compensation”. As printed: 910,445. Filing ↗machine: r7 · c29 · span 1202341–1202348
6Section 01, James MikolaichikDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation”. As printed: 350,857. Filing ↗machine: r5 · c29 · span 1180506–1180513
7Section 03, Christopher Finazzo OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1648147–1648153
8Section 03, Christopher Finazzo OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1660151–1660157
9Section 03, Christopher Finazzo RSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1636142–1636149
10Section 03, Kyle Miller OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1856949–1856955
11Section 03, James Forrester Jr. OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1555508–1555514
12Section 03, Kyle Miller RSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1832942–1832949
13Section 03, Byron Surrett OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1764325–1764331
14Section 03, James Forrester Jr. OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1567510–1567516
15Section 03, James Forrester Jr. RSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1543503–1543510
16Section 03, Kyle Miller OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1844947–1844953
17Section 03, Byron Surrett RSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1728265–1728272
18Section 03, Byron Surrett OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1752323–1752329
19Section 03, Byron Surrett PSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
20Section 03, Byron Surrett RSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1740318–1740325
21Section 03, Marc Swanson PSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1418492–1418499
22Section 03, Marc Swanson OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1466615–1466621
23Section 03, Marc Swanson OPTIONDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1454610–1454617
24Section 03, Marc Swanson RSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 1442603–1442612
25Section 03, Christopher Finazzo PSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
26Section 03, James Forrester Jr. PSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
27Section 03, Kyle Miller PSUDEF 14A2026-04-300001193125-26-197833Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
28Section 06, 2026 voteForm 8-K2026-06-230001193125-26-279790Item 5.07 · say-on-pay result. As reported: 98.96% (votes for as printed: 41,805,480). Filing ↗
29Section 06, 2024 voteForm 8-K2024-06-170000950170-24-074282Item 5.07 · say-on-pay result. As reported: 99.13% (votes for as printed: 53,976,123). Filing ↗
30Section 06, 2023 voteForm 8-K2023-06-150000950170-23-028313Item 5.07 · say-on-pay result. As reported: 99.36% (votes for as printed: 54,034,714). Filing ↗
31Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
32Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
33Travel + Leisure Company, Section 10b CEO totalDEF 14A2026-04-100001361658-26-000019CEO total compensation as printed in Travel + Leisure Company's own proxy. As printed: 16,000,693. Filing ↗machine: r2 · c21 · span 1085495–1085505
34Dave & Buster's Entertainment, Inc., Section 10b CEO totalDEF 14A2026-05-060001525769-26-000018CEO total compensation as printed in Dave & Buster's Entertainment, Inc.'s own proxy. As printed: 14,502,745. Filing ↗machine: t109 · r2 · c21 · span 822340–822350
35Marriott Vacations Worldwide Corporation, Section 10b CEO totalDEF 14A2026-03-260001193125-26-125219CEO total compensation as printed in Marriott Vacations Worldwide Corporation's own proxy. As printed: 14,344,132. Filing ↗machine: t253 · r5 · c34 · span 833147–833157
36Hilton Grand Vacations, Inc., Section 10b CEO totalDEF 14A2026-03-170001140361-26-009850CEO total compensation as printed in Hilton Grand Vacations, Inc.'s own proxy. As printed: 14,067,191. Filing ↗machine: r2 · c21 · span 1149244–1149255
37Madison Square Garden Sports Corp., Section 10b CEO totalDEF 14A2025-10-230001628280-25-046103CEO total compensation as printed in Madison Square Garden Sports Corp.'s own proxy. As printed: 13,150,269. Filing ↗machine: r2 · c51 · span 638363–638373
38Texas Roadhouse, Inc., Section 10b CEO totalDEF 14A2026-04-100001104659-26-041771CEO total compensation as printed in Texas Roadhouse, Inc.'s own proxy. As printed: 10,822,133. Filing ↗machine: t125 · r3 · c14 · span 1328962–1328972
39Cinemark Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-010001193125-26-138033CEO total compensation as printed in Cinemark Holdings, Inc.'s own proxy. As printed: 10,815,407. Filing ↗machine: r3 · c7 · span 1130071–1130081
40The Cheesecake Factory Incorporated, Section 10b CEO totalDEF 14A2026-04-100001104659-26-042016CEO total compensation as printed in The Cheesecake Factory Incorporated's own proxy. As printed: 8,419,852. Filing ↗machine: r1 · c64 · span 783270–783279
41Six Flags Entertainment Corporation, Section 10b CEO totalDEF 14A2026-04-090001193125-26-149736CEO total compensation as printed in Six Flags Entertainment Corporation's own proxy. As printed: 5,782,054. Filing ↗machine: span 617438–617447
42United Parks & Resorts (subject), Section 10b CEO totalDEF 14A2026-04-300001193125-26-197833CEO total compensation as printed in United Parks & Resorts's own proxy. As printed: 4,891,868. Filing ↗machine: r2 · c29 · span 1147865–1147874
43Vail Resorts, Inc., Section 10b CEO totalDEF 14A2025-10-300000812011-25-000221CEO total compensation as printed in Vail Resorts, Inc.'s own proxy. As printed: 3,952,230. Filing ↗machine: t169 · r3 · c15 · span 860012–860021
44Section 10a, Texas Roadhouse, Inc. reciprocityDEF 14A0001104659-26-041771Texas Roadhouse, Inc.'s most recent proxy was read; its disclosed peer group does not include United Parks & Resorts. Filing ↗
45Section 10a, Marriott Vacations Worldwide Corporation reciprocityDEF 14A0001193125-26-125219Marriott Vacations Worldwide Corporation's most recent proxy was read; its disclosed peer group does not include United Parks & Resorts. Filing ↗
46Section 10a, Vail Resorts, Inc. reciprocityDEF 14A0000812011-25-000221Vail Resorts, Inc.'s most recent proxy was read; its disclosed peer group does not include United Parks & Resorts. Filing ↗
47Section 10a, Cinemark Holdings, Inc. reciprocityDEF 14A0001193125-26-138033Cinemark Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include United Parks & Resorts. Filing ↗
48Section 10a, Hilton Grand Vacations, Inc. reciprocityDEF 14A0001140361-26-009850Hilton Grand Vacations, Inc.'s most recent proxy was read; its disclosed peer group does not include United Parks & Resorts. Filing ↗
49Section 10a, Six Flags Entertainment Corporation reciprocityDEF 14A0001193125-26-149736Six Flags Entertainment Corporation's most recent proxy was read; its disclosed peer group does not include United Parks & Resorts. Filing ↗
50Section 10a, Dave & Buster's Entertainment, Inc. reciprocityDEF 14A0001525769-26-000018Dave & Buster's Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include United Parks & Resorts. Filing ↗
51Section 10a, Travel + Leisure Company reciprocityDEF 14A0001361658-26-000019Travel + Leisure Company's most recent proxy was read; its disclosed peer group does not include United Parks & Resorts. Filing ↗