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.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia