Footlocker Inc just filed its annual proxy statement, which details the salary information of its key executives. In 2016, the company's CEO made 8,925,868.
The table is included below:
|Pension Value and|
|Name and Principal||Incentive Plan||Compensation||All Other|
|Position||Salary||Stock Awards||Option Awards||Compensation||Earnings||Compensation||Total|
|Richard A. Johnson||2016||1,087,500||2,062,522||2,200,016||2,599,932||403,443||572,455||8,925,868|
|Chairman, President and||2015||1,037,500||918,793||3,328,479||2,866,278||420,164||49,353||8,620,567|
|Chief Executive Officer||2014||931,250||4,728,272||1,596,328||1,690,209||365,092||427,558||9,738,709|
|Lauren B. Peters||2016||657,500||1,579,759||450,010||714,088||205,626||84,011||3,690,994|
|Executive Vice President||2015||595,000||226,888||512,320||857,976||196,559||20,404||2,409,147|
|and Chief Financial Officer||2014||561,250||1,196,558||506,437||762,160||231,420||377,010||3,634,835|
|Stephen D. Jacobs||2016||844,445||2,654,792||450,010||952,238||222,934||117,513||5,241,932|
|Executive Vice President and|
|Chief Executive Officer—North America|
|Lewis P. Kimble||2016||642,460||1,365,680||450,010||635,262||326,186||235,970||3,655,568|
|Executive Vice President and|
|Chief Executive Officer—International|
|Paulette R. Alviti||2016||486,250||1,275,673||225,005||445,705||82,626||178,857||2,694,116|
|Senior Vice President and||2015||472,500||178,131||256,160||597,324||109,543||46,814||1,660,472|
|Chief Human Resources Officer||2014||461,250||693,556||253,218||495,404||121,769||223,333||2,248,530|
|Notes to Summary Compensation Table|
(1) Richard A. Johnson has served as Chairman of the Board since May 2016, and President and Chief Executive Officer since December 2014. Mr. Johnson previously served as Executive Vice President and Chief Operating Officer from May 2012 to November 2014; Executive Vice President and Group President—Retail Stores from July 2011 to May 2012; President and Chief Executive Officer of Foot Locker U.S., Lady Foot Locker, Kids Foot Locker, and Footaction from January 2010 to June 2011; President and Chief Executive Officer of Foot Locker Europe from August 2007 to January 2010; and President and Chief Executive Officer of Footlocker.com/Eastbay from April 2003 to August 2007.
Lauren B. Peters has served as Executive Vice President and Chief Financial Officer since July 2011.
Stephen D. Jacobs has served as Executive Vice President and Chief Executive Officer—North America since February 2016 and has been an executive officer of the Company as of this date. Mr. Jacobs previously served as Executive Vice President and Chief Executive Officer Foot Locker—North America from December 2014 through February 2016; President and Chief Executive Officer of Foot Locker U.S., Lady Foot Locker, Kids Foot Locker, and Footaction from July 2011 to November 2014; and President and Chief Executive Officer of Champs Sports from January 2009 to June 2011.
Lewis P. Kimble has served as Executive Vice President and Chief Executive Officer—International since February 2016 and has been an executive officer of the Company as of this date. Mr. Kimble previously served as President and Chief Executive Officer of Foot Locker Europe from February 2010 to February 2016; and Managing Director of Foot Locker Asia Pacific from February 2006 to February 2010.
Paulette Alviti has served as Senior Vice President and Chief Human Resources Officer since June 2013.
(2) The amounts in column (c) reflect the annual base salaries earned by our named executive officers for the designated years. Including the non-equity incentive plan compensation included in column (f), these amounts represented the following percentages of the named executive officers’ total compensation for 2016: Mr. Johnson (42.3%), Ms. Peters (37.2%), Mr. Jacobs (34.3%), Mr. Kimble (34.9%), and Ms. Alviti (34.6%). Information on the named executive officers’ employment agreements appears beginning on Page 52.
(3) The amounts in these columns reflect the stock and option awards granted in the designated years. The amounts represent the aggregate grant date fair value of the awards granted in each respective year calculated in accordance with stock-based compensation accounting rules (ASC Topic 718). A discussion of the assumptions used in computing the award values may be found in Note 21 to our financial statements in our 2016 Annual Report on Form 10-K. As provided under the SEC’s rules, the amounts shown exclude the impact of estimated forfeitures related to service-based vesting conditions and include, for restricted stock awards, expected dividend payments at the same rate as paid on our shares of Common Stock. Please see the Grants of Plan-Based Awards Table on Page 55 for additional information on awards granted in 2016. The amounts shown in the table do not necessarily reflect the actual value that may be recognized by the named executive officers.
(4) The amounts in column (d) include the grant date fair value of performance-based RSUs granted for the long-term performance measurement periods of 2016-17, 2015-16, and 2014-15, valued at grant date based upon the probable outcome of meeting the performance conditions. The amounts are consistent with the estimates of the aggregate compensation cost to be recognized over the service period determined at the grant date under FASB ASC Topic 718, and exclude the effect of estimated forfeitures. Column (d) also includes restricted stock awards, where applicable. Please see the Grants of Plan-Based Awards Table on Page 55 for additional information on the awards granted in 2016.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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