Dolf Berle, born on May 15, 1968, holds an MBA from Harvard Business School and has a solid background in the hospitality industry. He took over as the CEO of Lindblad Expeditions Holdings Inc. on May 10, 2021, succeeding the...

Dolf Berle, born on May 15, 1968, holds an MBA from Harvard Business School and has a solid background in the hospitality industry. He took over as the CEO of Lindblad Expeditions Holdings Inc. on May 10, 2021, succeeding the company's founder, Sven-Olof Lindblad. Berle's leadership was marked by a notable focus on performance metrics related to profitability and customer satisfaction. In 2022, he earned a total compensation of about $1.04 million, which included a salary of $575,000 and a performance-based bonus, showcasing his alignment with the company’s goals. Interestingly, Berle's tenure lasted until June 30, 2023, during which he played a key role in shaping the company's direction.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Lindblad Expeditions Holdings Inc. CEOs

L

Dolf Berle

Ex-CEO of Lindblad Expeditions Holdings Inc.

Field of Expertise

Other - Hospitality

Sector of Economy

Consumer Cyclical

CEO of Lindblad Expeditions Holdings Inc. for

2 years 1 month (May 2021 - Jun 2023)

Previous Experience

Unknown

Rivals

Competitors/colleagues of Dolf Berle

N

Harry Sommer

CEO of Norwegian Cruise Line Holdings Ltd.

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.00M

Other

$66.24K

Total Holdings

$10.52M

C

Arnold W. Donald

CEO of Carnival Corporation

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$106.57K

Total Holdings

$27.06M

R

Jason T. Liberty

CEO of Royal Caribbean Group

2023 Compensation

Stock

$35.94M

Salary

$1.25M

Bonus

$4.28M

Other

$189.25K

Total Holdings

$40.92M

Holdings

See how much did Dolf Berle make over time.

During his time at Lindblad Expeditions, Dolf Berle's stock holdings saw impressive increases, reflecting both the company's performance and his personal investment strategy. At his peak, his stock value reached approximately $27.56 million in June 2021, coinciding with a surge...

During his time at Lindblad Expeditions, Dolf Berle's stock holdings saw impressive increases, reflecting both the company's performance and his personal investment strategy. At his peak, his stock value reached approximately $27.56 million in June 2021, coinciding with a surge in the company's shares. This impressive valuation demonstrated not only his strong belief in the company but also the overall growth of Lindblad's stock during his leadership. However, by late 2023, there were fluctuations in his holdings, with values dropping to around $17 million by September. This fluctuation underscores the volatile nature of stock markets and the interconnectedness of executive performance with stock value.

Total Stock Sold

$11.23M

PLAY

$11.23M

329,508 PLAY shares

What if they kept their stock?

If Dolf Berle didn't sell their stock, today they would have:
Extra PLAY329,508 shares worth $4.84M.
This is -56.91% and $6.39M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Dolf Berle.

LIND

30,073 shares

LIND

Mar 31, 2023

Received

LIND

38,130 shares

LIND

Mar 31, 2022

Received

LIND

58,452 shares

LIND

Jun 3, 2021

Received

LIND

$636.97K

LIND at $17.45/share

May 27, 2021

Purchase

LIND

$362.09K

LIND at $16.49/share

May 20, 2021

Purchase

PLAY

$168.78K

PLAY at $45.01/share

Nov 10, 2016

Sale

PLAY

$152.48K

PLAY at $40.66/share

Oct 3, 2016

Sale

PLAY

$290.02K

PLAY at $38.67/share

Sep 30, 2016

Sale

PLAY

$228.73K

PLAY at $43.57/share

Aug 17, 2016

Sale

PLAY

$380.78K

PLAY at $47.60/share

Jul 18, 2016

Sale

Compensation History

See how much did Dolf Berle make over time.

Dolf Berle's compensation has varied significantly throughout his leadership at Lindblad Expeditions. In 2023, he earned a total of $463,127, which included a base salary of $289,712, but no bonus was awarded. Notably, the bulk of his compensation came from 30,020 shares of vested stock worth nearly $575,000. The previous year, his earnings peaked at about $1.04 million, largely due to a performance bonus related to his leadership metrics. This sharp contrast in earnings illustrates the company's performance-driven approach to executive compensation during his tenure.

Year

2023

Total Compensation

$888.13K

Salary

$289.71K

Board Justification

The company aims to align executive compensation with performance metrics and stockholder interests, focusing on retention and competitive pay.

Bonus

$0.00

Board Justification

No bonus was awarded to Mr. Berle for the year 2023.

Other

$23.42K

Board Justification

This includes 401(k) match and health insurance premiums paid for Mr. Berle in 2023.

Restricted Stock

$575.00K(30.02K PSUs)

Board Justification

30,020 PSUs were granted to Mr. Berle in 2023, which vested in 2023.

Performance Metrics

Performance metrics for determining compensation include Adjusted EBITDA and revenue targets.

Other Lindblad Expeditions Holdings Inc. CEOs

Here are other CEOs of Lindblad Expeditions Holdings Inc.

Sven-Olof Lindblad

Founder and Ex-CEO of Lindblad Expeditions Holdings Inc.

July 2015 - May 2021

Sven-Olof Lindblad

Founder and Ex-CEO of Lindblad Expeditions Holdings Inc.

July 2023 - January 2025