Five Below CEO Thomas Vellios' 2012 pay jumps 159% to $9.7M
Five Below reports 2012 executive compensation
By ExecPay News
Published: May 9, 2014
Five Below reported fiscal year 2012 executive compensation information on May 9, 2014.
In 2012, four Five Below executives received on average a compensation package of $5.5M, a 109% increase compared to previous year.
Average pay of disclosed executives at Five Below
Thomas G. Vellios, Chief Executive Officer, received $9.7M in total, which increased by 159% compared to 2011. 90% of Vellios' compensation, or $8.7M, was in stock awards. Vellios also received $280K in non-equity incentive plan, $727K in salary, as well as $586 in other compensation.
David Schlessinger, Founder, received a compensation package of $9.6M, which increased by 162% compared to previous year. 91% of the compensation package, or $8.7M, was in stock awards.
David Johnston, Chief Operating Officer, earned $2M in 2012.
Kenneth R. Bull, Chief Financial Officer, received $560K in 2012, which increases by 23% compared to 2011.
Five Below's fiscal year ends on January 31.
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Source: SEC filing on May 9, 2014.