Estee Lauder Companies CEO Fabrizio Freda's 2022 pay falls 61% to $25M
Estee Lauder Companies reports 2022 executive compensation
By ExecPay News
Published: September 29, 2022
Estee Lauder Companies reported fiscal year 2022 executive compensation information on September 29, 2022.
In 2022, six executives at Estee Lauder Companies received on average a compensation package of $15M, a 31% decrease compared to previous year.
Average pay of disclosed executives at Estee Lauder Companies
Fabrizio Freda, Chief Executive Officer, received $25M in total, which decreased by 61% compared to 2021. 39% of Freda's compensation, or $9.9M, was in stock awards. Freda also received $975K of change in pension value and nonqualified deferred compensation earnings, $7M in non-equity incentive plan, $4.9M in option awards, $2.1M in salary, as well as $567K in other compensation.
For fiscal year 2022, the median employee pay was $29,236 at Estee Lauder Companies. Therefore, the ratio of Fabrizio Freda's pay to the median employee pay was 872 to one.
Tracey T. Travis, Chief Financial Officer, received a compensation package of $20M, which increased by 120% compared to previous year. 74% of the compensation package, or $15M, was in stock awards.
Jane Hertzmark Hudis, Group President, earned $12M in 2022.
John Demsey, Group President, received $10M in 2022, which increases by 7% compared to 2021.
Cedric Prouv, Group President, earned $10M in 2022, a 5% decrease compared to previous year.
William P. Lauder, Chairman, received $9.6M in 2022, which decreases by 4% compared to 2021.
Estee Lauder Companies' fiscal year ends on June 30.
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Source: SEC filing on September 29, 2022.