Lovesac Co COO Mary Fox receives $2.7M in 2022
Lovesac Co reports 2022 executive compensation
By ExecPay News
Published: April 18, 2022
Lovesac Co reported fiscal year 2022 executive compensation information on April 18, 2022.
In 2022, four Lovesac Co executives received on average a compensation package of $1.8M, a 18% decrease compared to previous year.
Average pay of disclosed executives at Lovesac Co
Mary Fox, Chief Operating Officer, received $2.7M in total. 61% of Fox's compensation, or $1.6M, was in stock awards. Fox also received $500K in bonus, $489K in non-equity incentive plan, $73K in salary, as well as $768 in other compensation.
For fiscal year 2022, the median employee pay was $16,275 at Lovesac Co. Therefore, the ratio of Mary Fox's pay to the median employee pay was 166 to one.
Shawn Nelson, Chief Executive Officer, received a compensation package of $1.6M, which decreased by 37% compared to previous year. 45% of the compensation package, or $733K, was in stock awards.
Jack A. Krause, Chief Strategy Officer, earned $1.6M in 2022, a 26% decrease compared to previous year.
Donna L. Dellomo, Chief Financial Officer, received $1.1M in 2022, which decreases by 33% compared to 2021.
Lovesac Co's fiscal year ends on January 31.
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Source: SEC filing on April 18, 2022.