How Michaels was paid
$2.3M in total for 2026, 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 |
|---|---|---|---|---|---|---|
| Adam L. MichaelsChief Executive Officer, Chairman | $450,000 | $55,000 | $1,460,664 | $360,000 | $15,000 | $2,340,664 |
| Anthony GruberChief Financial Officer | $275,000 | $50,000 | $45,258 | $110,000 | $15,000 | $495,258 |
| Moore (Skip) TappanChief Operating Officer | $307,500 | $30,000 | $45,258 | $125,000 | $15,000 | $522,758 |
What changed and why
- $2.3M2026 CEO total compensation was $2,340,664, compared with $1,240,000 in 2025.
- $1.5M2026 CEO stock awards were $1,460,664, compared with $200,000 in 2025.
- $39,20060:1 was the CEO-to-median-employee pay ratio, based on median employee compensation of $39,200.
- 98%98% of votes cast supported executive compensation at the July 2025 annual meeting.
- 94,200-target PSUs were granted to the CEO, with performance based on adjusted EBITDA and continued employment.
- 97,478 PSU shares were determined to vest in 2029 based on fiscal 2026 company performance.
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.