Las Vegas Sands Corp (LVS) has confirmed it has entered into a new employment contract with Patrick Dumont following his appointment as Chairman and CEO on 1 March 2026, as well as with two other senior executives of the company.
In a filing, LVS said Dumont’s employment agreement would see him receive a base salary equal to US$2.5 million per year – the same as during his previous role as President and COO – plus a target annual cash incentive award opportunity equal to 250% of his base salary (US$6.25 million), a target annual equity award opportunity equal to 725% of his base salary (US$18.1 million), and security services, company-owned aircraft usage for business and personal purposes, and, at his election, first class travel on commercial airlines for all business trips and first class hotel accommodations.
