How Schmidt was paid
$4.1M 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 | Bonus | Stock | Pension | Other | Total |
|---|---|---|---|---|---|---|
| John W. SchmidtPresident and Chief Executive Officer | $1,150,000 | — | $2,500,016 | $435,277 | $58,637 | $4,143,930 |
| Jack P. CalandraFormer Senior Vice President and Chief Financial Officer | $640,000 | — | $460,012 | $1,838 | $2,285,157 | $3,387,007 |
| Daniel L. KarpelSenior Vice President, Chief Accounting Officer and Interim Chief Financial Officer | $115,385 | — | $300,009 | — | $3,230 | $418,624 |
| Brian P. CostelloDivision President—Famous Footwear | $462,404 | $40,000 | $400,013 | $21,045 | $56,197 | $979,659 |
| Daniel R. FriedmanChief Sourcing and Supply Chain Officer | $507,000 | — | $300,014 | $196,861 | $19,200 | $1,023,075 |
| Willis D. HillSenior Vice President and Chief Information Officer | $500,000 | — | $276,014 | $9,580 | $16,075 | $801,669 |
| Todd E. HastyFormer Senior Vice President and Chief Accounting Officer | $249,039 | $375,000 | $161,011 | $239,791 | $12,352 | $1,037,193 |
What changed and why
- $4.1MCEO total compensation decreased to $4,143,930 in fiscal 2025 from $8,296,239 in fiscal 2024.
- $2,757.9MConsolidated net sales increased 1.3% to $2,757.9 million while operating earnings decreased 95.7% to $6.4 million.
- 90%Shareholders overwhelmingly approved executive compensation with 90% of votes cast in support in 2025.
- The company completed the strategic acquisition of Stuart Weitzman in August 2025.
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.