How Conroy was paid
$17.4M 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 | Incentive | Other | Total |
|---|---|---|---|---|---|---|
| James G. ConroyChief Executive Officer | $1,450,000 | $500,000 | $10,650,100 | $4,233,130 | $573,475 | $17,406,705 |
| William W. Sheehan IIExecutive Vice President, Chief Financial Officer | $702,750 | — | $2,500,075 | $697,684 | $55,408 | $3,955,917 |
| Michael BalmuthExecutive Chairman | $1,609,688 | $1,500,000 | $7,600,045 | $4,117,017 | $195,614 | $15,022,364 |
| Michael J. HartshornGroup President, Chief Operating Officer | $1,274,375 | — | $7,300,286 | $2,532,215 | $131,744 | $11,238,620 |
| Karen FlemingPresident, Chief Merchandising Officer, Ross Dress for Less | $1,166,250 | — | $2,900,151 | $1,707,849 | $108,064 | $5,882,314 |
| Adam OrvosFormer Executive Vice President, Chief Financial Officer | $552,938 | — | — | — | $75,586 | $628,524 |
What changed and why
- $17.4MJames G. Conroy received total compensation of $17,406,705 for fiscal 2025 following his prior year hire.
- William W. Sheehan II was promoted to Chief Financial Officer effective October 1, 2025.
- Michael Balmuth transitioned from Executive Chairman to Senior Advisor at the end of fiscal 2025.
- Performance share awards for fiscal 2025 were tied to adjusted pre-tax earnings performance targets.
- 145.97%Non-equity incentive payouts for fiscal 2025 achieved 145.97% of target based on financial results.
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.