Eric Wiseman’s last year in the corner office at VF Corp. was a lucrative one.
Wiseman’s total compensation as chairman and chief executive officer of the company rose 23.9 percent to $16.3 million last year, according to the company’s proxy statement filed with the Securities and Exchange Commission.
That included a salary of $1.4 million, stock and option awards valued at more than $10.3 million, incentive pay of $2 million, a pension boost of $2.3 million and $322,094 in other compensation.
Steve Rendle, who saw his total compensation gain 89 percent to $8.7 million as president and chief operating officer last year, took the reins as ceo on Jan. 1.
Wiseman remains chairman, having served nine years as ceo. Over that time, he garnered total compensation valued at more than $108 million, although much of that came by way of stock and option grants the value of which were not necessarily realized.
Shareholders did alright, too, as the value of the VF shares rose 211 percent during his time as ceo. The stock closed up 0.5 percent Thursday to $54.15.
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