L Brands CEO Charles McGuigan's 2019 pay slips 7% to $5.6M
L Brands reports 2019 executive compensation
By ExecPay News
Published: April 2, 2020
L Brands reported fiscal year 2019 executive compensation information on April 2, 2020.
In 2019, five L Brands executives received on average a compensation package of $4M, a 18% decrease compared to previous year.
Average pay of disclosed executives at L Brands
Charles C. McGuigan, Chief Executive Officer, received $5.6M in total, which decreased by 7% compared to 2018. 32% of McGuigan's compensation, or $1.8M, was in stock awards. McGuigan also received $140K of change in pension value and nonqualified deferred compensation earnings, $1.6M in non-equity incentive plan, $344K in option awards, $1.3M in salary, as well as $429K in other compensation.
For fiscal year 2019, the median employee pay was $13,490 at L Brands. Therefore, the ratio of Charles C. McGuigan's pay to the median employee pay was 418 to one.
Stuart B. Burgdoerfer, Chief Financial Officer, received a compensation package of $3.9M, which decreased by 13% compared to previous year. 32% of the compensation package, or $1.3M, was in stock awards.
Leslie H. Wexner, Chief Executive Officer, earned $3.8M in 2019, a 17% decrease compared to previous year.
Shelley M. Milano, Chief Human Resources Officer, received $3.4M in 2019, which decreases by 1% compared to 2018.
James L. Bersani, President, Real Estate, earned $3.3M in 2019, a 16% decrease compared to previous year.
L Brands' fiscal year ends on January 29.
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Source: SEC filing on April 2, 2020.