How Mullen was paid
$10.5M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|
| Joyce A. MullenPresident and Chief Executive Officer | $1,000,000 | $8,085,326 | $1,383,000 | $30,621 | $10,498,947 |
| James A. MorgadoChief Financial Officer | $600,000 | $3,076,772 | $553,200 | $18,967 | $4,248,939 |
| Adrian GregoryPresident, EMEA | $611,000 | $2,429,712 | $394,248 | $18,126 | $3,453,086 |
| Jennifer VasinChief Human Resources Officer | $475,000 | $2,037,942 | $328,463 | $18,122 | $2,859,527 |
| Robert GreenChief Digital Officer | $485,000 | $1,900,194 | $268,302 | $25,726 | $2,679,222 |
What changed and why
- 90%Approximately 90 percent of target total direct compensation for CEO Joyce A. Mullen was variable and at-risk.
- $10.5MJoyce A. Mullen received total compensation of $10,498,947 in 2025 compared to $8,658,843 in 2024.
- 50%The actual award level for performance-based RSUs subject to ROIC for all named executives was 50 percent of target.
- $8.2BNet sales declined 5 percent to $8.2 billion for full year 2025.
- 98%Stockholders approved the prior say-on-pay proposal with approximately 98 percent of votes cast in favor.
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.