Hilton Worldwide Holdings Inc. will pay $600,000 to settle U.S. Securities and Exchange Commission charges related to the travel perks it allegedly provided its executives.

The SEC said in a statement Wednesday that the McLean, Virginia-based hotel chain had failed to fully disclose $1.7 million in travel-related prerequisites and personal benefits it had provided its executive officers from 2015 through 2018.

It said the prerequisites included the CEO’s personal use of Hilton’s corporate aircraft and executive officers’ hotel stays.  The order settling the charges said Hilton did not appropriately apply the SEC’s compensation disclosure rules to its system by identifying, tracking and calculating prerequisites. The company had been charged with violating securities laws.

The SEC said in its order settling the issue that in deciding to accept Hilton’s settlement offer it “considered remedial acts promptly undertaken” by the company and the “cooperation afforded the Commission staff.”

A Hilton spokesman said in a statement that the company “is proud of its reputation for regulatory compliance and financial disclosure, and appreciates the SEC crediting the company for its revised disclosures in 2019 and related remedial measures.”

Stephanie Avakian, director of the SEC’s Division of Enforcement, said in a statement, “We remain focused on ensuring companies provide required disclosures, including those relating to travel-related perks and personal benefits.

“We will continue to use risk-based analytics to identify companies that fail to comply with the Commission’s executive compensation disclosure rules.”

Stephanie Avakian, director of the SEC’s Division of Enforcement, said in a statement, “We remain focused on ensuring companies provide required disclosures, including those relating to travel-related perks and personal benefits.

“We will continue to use risk-based analytics to identify companies that fail to comply with the Commission’s executive compensation disclosure rules.”