How Horowitz was paid
$13.3M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Fran HorowitzChief Executive Officer | $1,400,000 | $10,456,903 | $1,372,000 | $71,354 | $13,300,257 |
| Robert J. BallExecutive Vice President, Chief Financial Officer | $514,423 | $761,512 | $147,000 | $19,485 | $1,442,420 |
| Scott D. LipeskyExecutive Vice President, Chief Operating Officer | $836,538 | $2,741,186 | $452,760 | $23,311 | $4,053,795 |
| Samir DesaiExecutive Vice President, Chief Digital and Technology Officer | $744,231 | $1,878,214 | $367,500 | $95,434 | $3,085,379 |
| Gregory J. HenchelExecutive Vice President, General Counsel and Corporate Secretary | $661,538 | $964,592 | $260,680 | $6,750 | $1,893,560 |
What changed and why
- $17MChief Executive Officer total compensation decreased from $17,036,310 in Fiscal 2024 to $13,300,257 in Fiscal 2025.
- No material changes were made to the executive compensation programs for Fiscal 2025.
- 98.0%At the 2025 Annual Meeting, 98.0% of votes supported the say-on-pay proposal.
- 50%Long-term equity incentive awards consist of 50% performance share awards and 50% restricted stock units.
- $5.27BFiscal 2025 net sales reached a record $5.27 billion with 6% net sales growth over Fiscal 2024.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.