Burlington Stores CEO Thomas Kingsbury's 2018 pay rises 6% to $9.4M
Burlington Stores reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
Burlington Stores reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, five executives at Burlington Stores received on average a compensation package of $4.2M, a 11% decrease compared to previous year.
Average pay of disclosed executives at Burlington Stores
Thomas A. Kingsbury, Chief Executive Officer, received $9.4M in total, which increased by 6% compared to 2017. 47% of Kingsbury's compensation, or $4.4M, was in option awards. Kingsbury also received $2.2M in non-equity incentive plan, $1.3M in salary, $1.5M in stock awards, as well as $48K in other compensation.
For fiscal year 2018, the median employee pay was $12,120 at Burlington Stores. Therefore, the ratio of Thomas A. Kingsbury's pay to the median employee pay was 778 to one.
Jennifer Vecchio, Chief Merchandising Officer/Principal, received a compensation package of $3.4M, which decreased by 7% compared to previous year. 38% of the compensation package, or $1.3M, was in option awards.
Marc Katz, Chief Financial Officer, earned $3.3M in 2018, a 45% decrease compared to previous year.
Fred Hand, Chief Customer Officer/Principal, received $3.3M in 2018, which decreases by 7% compared to 2017.
Joyce Manning Magrini, Executive Vice President - Human Resources, earned $1.6M in 2018, a 5% increase compared to previous year.
Burlington Stores' fiscal year ends on February 1.
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Source: SEC filing on April 5, 2019.