Gregg Steinhafel, chairman, president and chief executive officer of Target Corp., saw his total compensation grow 4.8 percent to $20.6 million last year.
Nearly half of Steinhafel’s pay, or $10.5 million, came in the form of stock and option grants, the full value of which might not be realized given vesting schedules and stock price changes.
The ceo also received a salary of $1.5 million, cash incentive pay of $2.9 million and other compensation totaling $5.1 million. His take included $125,473 in personal use of company-owned aircraft, for which the company cited “security reasons.”
Total pay for Kathryn Tesija, executive vice president of merchandising and supply chain, increased 18.8 percent to $7.2 million.
Compensation last year for the six current and former executives detailed in Target’s proxy statement totaled $46.7 million. Companies log executive compensation with the Securities and Exchange Commission prior to their annual meetings each year.
Peter Kim's Los Angeles-based premium denim line has always had its finger on the pulse of youth. This season, novelty is back in a way reminiscent of early Aughts, with studs, lace-ups, racing waxed denim and more. For more highlights if some of the key brands at the Vegas trade shows, go to WWD.com. #wwdfashion (📷: Patrick Gray; Styled by @thealexbadia; Story by @karihamanaka and @marcy_wwd)
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)