NEW YORK — J. Crew Group Inc. will pay Millard "Mickey" Drexler cash compensation of up to $700,000 a year, plus various options and awards, according to filings released by the Securities and Exchange Commission on Monday.

The $700,000 includes base salary, bonuses and expense reimbursement, while the options come in different volumes and strike prices. Drexler has an option to buy 557,926 shares at an exercise price of $6.82 a share, an option to purchase 836,889 shares at a strike price of $25 and an option to buy 836,889 shares at $35. Additionally, Drexler will receive 725,303 restricted stock awards, subject to various vesting schedules, and another 55,793 shares as fully vested restricted stock.

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