Mark Parker noticed his compensation dash forward at Nike Inc. final fiscal yr.
The chairman, president and chief government officer’s compensation totaled $14 million for the fiscal yr ended May 31, a rise of 48 p.c.
Parker’s take included a wage of $1.7 million and $4.1 million in incentive pay, however the majority of his compensation got here within the type of inventory and choice awards, totaling $eight million. (He may not see the total worth of these awards given modifications within the firm’s inventory worth).
Final month, the corporate logged fourth-quarter gross sales of over $10 billion — breaking the 11-digit mark in 1 / 4 for the primary time. Income, nonetheless, fell to $989 million from $1.14 billion as the corporate spent extra on advertising and product launches and weathered the next tax invoice.
Whereas Parker’s pay package deal is large, it’s not the most important in vogue. A WWD examine this week of the highest earners in retail, attire and wonder discovered Fabrizio Freda, ceo at The Estée Lauder Cos., within the lead, with annual compensation of $48.eight million.