L Brands CEO Nicholas Coe's 2018 pay rises 20% to $7.5M
L Brands reports 2018 executive compensation
By ExecPay News
Published: April 23, 2019
L Brands reported fiscal year 2018 executive compensation information on April 23, 2019.
In 2018, seven L Brands executives received on average a compensation package of $4.9M, a 7% decrease compared to previous year.
Average pay of disclosed executives at L Brands
Nicholas P. M. Coe, Chief Executive Officer, received $7.5M in total, which increased by 20% compared to 2017. 55% of Coe's compensation, or $4.1M, was in non-equity incentive plan. Coe also received $60K of change in pension value and nonqualified deferred compensation earnings, $144K in option awards, $1.1M in salary, $1.5M in stock awards, as well as $513K in other compensation.
For fiscal year 2018, the median employee pay was $14,186 at L Brands. Therefore, the ratio of Nicholas P. M. Coe's pay to the median employee pay was 526 to one.
Charles C. McGuigan, Chief Executive Officer, received a compensation package of $6.1M, which increased by 3% compared to previous year. 34% of the compensation package, or $2.1M, was in stock awards.
Leslie H. Wexner, Chief Executive Officer, earned $4.6M in 2018, a 20% decrease compared to previous year.
Stuart B. Burgdoerfer, Chief Financial Officer, received $4.5M in 2018, which increases by 13% compared to 2017.
Martin P. Waters, Chief Executive Officer, earned $4.3M in 2018, a 7% decrease compared to previous year.
James L. Bersani, President, Real Estate, received $3.9M in 2018.
Shelley M. Milano, Chief Human Resources Officer, earned $3.5M in 2018.
L Brands' fiscal year ends on January 29.
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Shelley Milano
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Source: SEC filing on April 23, 2019.