How Jr. was paid
$14.8M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Michael C. Creedon, Jr.Chief Executive Officer | $1,300,000 | $500,599 | $9,443,155 | $3,166,800 | $364,661 | $14,775,215 |
| Stewart GlendinningChief Financial Officer | $1,083,846 | $250,000 | $5,115,009 | $1,542,800 | $18,767 | $8,010,423 |
| Jeffrey DavisFormer Chief Financial Officer | $222,307 | — | — | — | $1,923,822 | $2,146,129 |
| Richard McNeelyFormer Chief Merchandising Officer | $951,523 | — | $2,413,238 | $1,581,776 | $56,277 | $5,002,815 |
| Robert AflatooniChief Information Officer | $691,154 | $250,000 | $2,360,749 | $959,378 | $21,222 | $4,282,503 |
| Steven SchumacherChief People Officer | $580,769 | $250,000 | $1,836,173 | $828,240 | $55,371 | $3,550,553 |
What changed and why
- $14.8M$14,775,215 CEO total compensation in 2025 versus $7,727,779 in 2024, including substantially higher equity and incentive compensation.
- $500K$500,000 CEO cash bonus recognized achievement of strategic objectives related to reviewing Family Dollar alternatives.
- $250K$250,000 cash bonuses were paid to Glendinning, Aflatooni, and Schumacher upon signing the Family Dollar sale agreement.
- $9.4M$9,443,155 of CEO stock awards represented the largest compensation component, consisting of RSUs and performance-based PSUs.
- 37.5%37.5% to 250% of target is the potential payout range for 2025 three-year PSUs after the TSR modifier.
- $343K$342,543 of CEO all-other compensation reflected personal use of the Company aircraft.
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.