Teen retailer American Eagle Outfitters granted top executives bonuses and long-term incentives worth more than $7.4 million for meeting the company’s financial goals for 2006, according to a filing Tuesday with the Securities and Exchange Commission. The executives were also awarded stock options.
James V. O’Donnell, chief executive officer, was awarded $3.6 million on top of a base salary of $1.35 million, and was allocated 276,568 shares in restricted stock options. At current stock value, the options are worth about $8 million.
Susan P. McGalla, president and chief merchant, received $2.3 million in incentive compensation on top of a $1 million base salary. She was granted 232,156 shares worth about $6.7 million in restricted stock options.
LeAnn Nealz, executive vice president and chief design officer, received a base salary of $725,000 along with incentives of $1.5 million. Nealz was awarded 65,642 shares worth about $1.9 million in restricted stock options.
This story first appeared in the March 14, 2007 issue of WWD. Subscribe Today.