How Sargent was paid
$14M 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 | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|---|
| Ronald L. SargentInterim Chief Executive Officer and Chairman | $3,975,806 | — | $10,000,077 | — | — | — | $62,016 | $14,037,608 |
| David J.C. KennerleyExecutive Vice President and Chief Financial Officer | $647,312 | $850,000 | $7,050,821 | $619,990 | $750,688 | — | $434,419 | $10,353,230 |
| Mary Ellen AdcockExecutive Vice President and Chief Merchant & Marketing Officer | $897,321 | — | $3,399,986 | $849,972 | $714,546 | — | $173,269 | $6,035,094 |
| Yael CossetExecutive Vice President and Chief Digital Officer | $988,839 | — | $4,080,023 | $1,019,958 | $930,884 | — | $208,751 | $7,228,455 |
| Timothy A. MassaExecutive Vice President and Associate Experience Officer | $978,051 | $250,000 | $3,399,986 | $849,972 | $915,520 | — | $172,317 | $6,565,846 |
| Todd A. FoleyFormer Senior Vice President and Interim Chief Financial Officer | $248,214 | — | $749,971 | $268,876 | $54,584 | — | — | $1,321,645 |
| W. Rodney McMullenFormer Chairman and Chief Executive Officer | $124,314 | — | — | — | — | $562,587 | $156,160 | $843,061 |
What changed and why
- 93.84%93.84% was the 2025 Annual Incentive Plan calculation applied to most NEOs’ annual incentive targets.
- $10M$10,000,077 was Mr. Sargent’s restricted-stock award as interim CEO.
- 79.39%79.39% was Ms. Adcock’s annual incentive payout, reflecting plan and merchandising-team metrics.
- $14.4M$14,400,108 was Mr. Sargent’s annualized compensation used for the pay-ratio calculation.
- $34,552417:1 was the interim CEO-to-median-associate pay ratio, with median compensation of $34,552.
- Mr. McMullen received no equity awards in 2025 because he resigned.
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.