How Gass was paid
$16.1M 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 | Stock | Options | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| Michelle GassPresident and Chief Executive Officer | $1,475,000 | $8,129,318 | $3,144,899 | $3,032,969 | $362,987 | $16,145,173 |
| Harmit SinghExecutive Vice President and Chief Financial and Growth Officer | $1,045,673 | $2,567,131 | $993,107 | $1,233,750 | $208,843 | $6,048,504 |
| Gianluca FloreChief Commercial Officer | $1,041,346 | $2,353,220 | $910,354 | $1,260,000 | $136,452 | $5,701,373 |
| David JedrzejekSenior Vice President and General Counsel | $624,615 | $855,702 | $331,036 | $511,175 | $120,970 | $2,443,498 |
| Elizabeth O’NeillFormer Executive Vice President and Chief Operations Officer | $551,923 | $1,112,419 | $430,339 | $470,779 | $1,358,354 | $3,923,815 |
What changed and why
- $6.3BThe company delivered $6.3 billion in total net revenues, up 7% on an organic basis.
- $16.1MChief Executive Officer Michelle Gass received total compensation of $16,145,173 for fiscal year 2025.
- 61.7%The company achieved a record gross margin of 61.7% and expanded adjusted EBIT margin by 70 basis points.
- 99%Shareholders approved executive compensation with over 99% support at the prior annual meeting.
- $363MThe company returned $363 million in capital to shareholders, representing a 26% increase compared to 2024.
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.