How Reed was paid
$4.6M in total for 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 |
|---|---|---|---|---|---|
| John ReedPresident and Chief Executive Officer | $1,499,680 | $1,349,712 | $1,800,359 | $4 | $4,649,751 |
| Michael LeeChief Financial Officer | $327,885 | $3,400,000 | $177,058 | $270,333 | $4,175,276 |
| Christian SedorChief Accounting Officer | $306,404 | $267,272 | $137,882 | $12,696 | $724,254 |
| Dawn PhillipsonFormer Chief Financial Officer | $47,380 | $284,789 | $170,950 | $37,153 | $895,955 |
| Kathy VeltriChief Retail Officer | $543,394 | $2,512,177 | $284,789 | — | $3,376,058 |
| Jennifer PorterChief Marketing and eCommerce Officer | $542,158 | $4,272,177 | $284,789 | — | $5,121,956 |
| Allison SutleyChief Information Officer | $336,538 | $429,039 | $151,442 | $15,393 | $932,412 |
| Lisa ChiFormer Chief Merchandising Officer | $290,946 | $6,032,177 | $284,789 | $11,803 | $6,326,556 |
What changed and why
- $4.6MCEO John Reed received total compensation of $4,649,751 in fiscal year 2025.
- $1.5MCEO base salary increased to $1,499,680 reflecting changes effective January 2025.
- $1.8MNon-equity incentive plan compensation for the CEO totaled $1,800,359 for the year.
- $828KAll other compensation for the CEO included $827,920 for personal airplane use.
- $4.2MCFO Michael Lee received total compensation of $4,175,276, including a signing bonus.
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.