How Palladini was paid
$7.5M 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 | Bonus | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Douglas C. PalladiniChief Executive Officer & President, Director | $882,803 | — | $4,955,424 | $1,225,200 | $433,252 | $7,496,679 |
| Richard F. WestenbergerChief Financial Officer & Chief Operating Officer | $787,740 | $440,000 | $1,900,195 | $705,300 | $131,703 | $3,964,938 |
| Emily D. EvertChief Strategy Officer | $260,685 | — | $2,000,092 | $443,700 | $43,165 | $2,747,642 |
| Allison M. PetersonChief Retail & Digital Officer | $762,329 | — | $650,035 | $511,900 | $94,694 | $2,018,958 |
| Karen G. SmithChief Supply Chain Officer | $604,781 | — | $750,080 | $406,100 | $71,388 | $1,832,349 |
| Michael D. CaseyFormer Chairman, Chief Executive Officer & President | $257,692 | — | — | — | $129,493 | $387,185 |
| Kendra D. KrugmanFormer Chief Product Officer | $676,635 | $250,000 | $1,000,106 | $482,900 | $231,132 | $2,640,773 |
What changed and why
- Douglas C. Palladini joined Carter's as Chief Executive Officer and President on April 3, 2025.
- $2.90BConsolidated net sales increased 1.9% to $2.90 billion during fiscal 2025.
- $176.0MAdjusted operating income decreased 38.6% to $176.0 million in fiscal 2025.
- The Committee approved new equity awards consisting of time-based restricted stock representing a one-year pause on performance-based restricted stock.
- 94%Approximately 94% of votes cast approved the advisory say-on-pay vote at the 2025 Annual Meeting.
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.