VF Corp. chief executive officer Eric Wiseman saw his total compensation leap by a third, to $14.2 million, and its cash portion expand one-sixth, to $4.1 million, in 2012 as the company logged double-digit growth in sales and profits.
Wiseman, chairman, president and ceo of VF, had a $100,000 increase in salary, to $1.2 million, and a 19.5 percent increase in his cash bonus, to $2.9 million. His maximum possible cash bonus, referred to as “nonequity incentive plan compensation,” was $3.4 million.
Wiseman’s stock and option awards totaled $5.9 million last year, 20.9 percent above their 2011 level. Because of stock fluctuation and vesting schedules, the full amounts of these awards might not be realized by the executive but public companies are required to report them to the Securities and Exchange Commission at “grant date fair value.”
Wiseman’s pay package received a $2 million boost from an actuarial adjustment in the “change in pension value and nonqualified deferred compensation earnings column,” recorded at $4.1 million last year versus $2.1 million in 2011.
Bolstered by its acquisition of Timberland, VF’s full-year net income last year rose 22.3 percent to $1.09 billion as revenues rose 15 percent to $10.88 billion. The company’s other brands include Wrangler, Lee, Seven For All Mankind, The North Face, Nautica and Vans.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion