How McLean was paid
$5.9M in total for fiscal year 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 |
|---|---|---|---|---|---|---|
| Andrew J. McLeanChief Executive Officer | $1,100,000 | $550,000 | $2,841,491 | $1,416,250 | $7,039 | $5,914,780 |
| Bernard McCrackenChief Financial Officer | $525,000 | $263,000 | $1,042,453 | $405,563 | $8,231 | $2,244,247 |
| Peter L. GrayPresident, Lands' End Licensing, Chief Administrative Officer and General Counsel | $695,250 | $348,000 | $718,380 | $537,081 | $7,746 | $2,306,457 |
| Martin ChristopherExecutive Vice President, Chief Technology Officer | $525,000 | — | $542,453 | $405,563 | $7,683 | $1,480,699 |
| Kym MaasPresident, Lands' End Consumer and Chief Creative Officer | $515,385 | $200,000 | $542,453 | $398,135 | $7,919 | $1,663,892 |
What changed and why
- 49%Gross Merchandise Value grew at low single digits with gross margin improving 80 basis points to 49%.
- $102MAdjusted EBITDA increased 10% year-over-year to $102 million.
- 103%Annual incentive plan paid out at 103% of target based on financial objectives.
- 53%Long-term performance-based awards for fiscal 2023 through 2025 yielded a payout of 53% of target.
- 80%Approximately 80% of CEO target compensation was considered at risk during fiscal year 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.