Michael Kors Holdings CEO Joshua Schulman receives $17M in 2022
Michael Kors Holdings reports 2022 executive compensation
By ExecPay News
Published: June 16, 2022
Michael Kors Holdings reported fiscal year 2022 executive compensation information on June 16, 2022.
In 2022, six executives at Michael Kors Holdings received on average a compensation package of $7.3M, a 112% increase compared to previous year.
Average pay of disclosed executives at Michael Kors Holdings
Joshua Schulman, Chief Executive Officer, received $17M in total. 87% of Schulman's compensation, or $15M, was in stock awards. Schulman also received $700K in bonus, $646K in salary, as well as $878K in other compensation.
For fiscal year 2022, the median employee pay was $27,198 at Michael Kors Holdings. Therefore, the ratio of Joshua Schulman's pay to the median employee pay was 633 to one.
John D. Idol, Chief Executive Officer, received a compensation package of $15M, which increased by 80% compared to previous year. 58% of the compensation package, or $8.5M, was in stock awards.
Thomas J. Edwards, Jr, Chief Financial Officer, earned $5.3M in 2022, a 105% increase compared to previous year.
Krista A. McDonough, General Counsel, received $2.6M in 2022, which increases by 67% compared to 2021.
Jenna Hendricks, Senior Vice President, Chief People Officer, earned $2.5M in 2022.
Daniel T. Purefoy, Senior Vice President, Global Operations and Head of Diversity and Inclusion, received $1.3M in 2022, which decreases by 6% compared to 2021.
Michael Kors Holdings' fiscal year ends on April 2.
Related executives
John Idol
Michael Kors Holdings
Chief Executive Officer
Thomas Edwards
Michael Kors Holdings
Chief Financial Officer
Jenna Hendricks
Michael Kors Holdings
Senior Vice President, Chief People Officer
Krista McDonough
Michael Kors Holdings
General Counsel
Daniel Purefoy
Michael Kors Holdings
Senior Vice President, Global Operations and Head of Diversity and Inclusion
Joshua Schulman
Michael Kors Holdings
Chief Executive Officer
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Source: SEC filing on June 16, 2022.