Carter's CEO Michael Casey's 2020 pay slips 4% to $7.3M
Carter's reports 2020 executive compensation
By ExecPay News
Published: March 30, 2021
Carter's reported fiscal year 2020 executive compensation information on March 30, 2021.
In 2020, five Carter's executives received on average a compensation package of $2.8M, a 8% decrease compared to previous year.
Average pay of disclosed executives at Carter's
Michael D. Casey, Chief Executive Officer, received $7.3M in total, which decreased by 4% compared to 2019. 82% of Casey's compensation, or $6M, was in stock awards. Casey also received $328K in bonus, $868K in salary, as well as $100K in other compensation.
For fiscal year 2020, the median employee pay was $5,963 at Carter's. Therefore, the ratio of Michael D. Casey's pay to the median employee pay was 1,224 to one.
Brian J. Lynch, President, received a compensation package of $2.3M, which decreased by 5% compared to previous year. 57% of the compensation package, or $1.3M, was in stock awards.
Richard F. Westenberger, Chief Financial Officer, earned $1.8M in 2020, a 6% increase compared to previous year.
Patrick Q. Moore, Executive Vice President, North America Retail, received $1.3M in 2020, which decreases by 35% compared to 2019.
Peter R. Smith, Executive Vice President, Supply Chain, earned $1.2M in 2020, a 12% decrease compared to previous year.
Carter's' fiscal year ends on December 28.
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Source: SEC filing on March 30, 2021.