Caleres CEO Diane Sullivan's 2021 pay jumps 248% to $10M
Caleres reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
Caleres reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, five Caleres executives received on average a compensation package of $3.7M, a 141% increase compared to previous year.
Average pay of disclosed executives at Caleres
Diane M. Sullivan, Chief Executive Officer, received $10M in total, which increased by 248% compared to 2020. 50% of Sullivan's compensation, or $5.1M, was in stock awards. Sullivan also received $199K of change in pension value and nonqualified deferred compensation earnings, $3.6M in non-equity incentive plan, $1.2M in salary, as well as $143K in other compensation.
For fiscal year 2021, the median employee pay was $24,431 at Caleres. Therefore, the ratio of Diane M. Sullivan's pay to the median employee pay was 417 to one.
John W. Schmidt, President, received a compensation package of $3M, which increased by 49% compared to previous year. 46% of the compensation package, or $1.4M, was in non-equity incentive plan.
Kenneth H. Hannah, Chief Financial Officer, earned $2.2M in 2021, a 87% increase compared to previous year.
Daniel R. Friedman, Chief Sourcing Officer, received $1.5M in 2021, which increases by 100% compared to 2020.
Michael R. Edwards, Division President - Famous Footwear, earned $1.4M in 2021, a 90% increase compared to previous year.
Caleres' fiscal year ends on January 29.
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Source: SEC filing on April 14, 2022.