L Brands CEO Andrew Meslow's 2021 pay slips 4% to $18M
L Brands reports 2021 executive compensation
By ExecPay News
Published: March 31, 2022
L Brands reported fiscal year 2021 executive compensation information on March 31, 2022.
In 2021, six L Brands executives received on average a compensation package of $7.4M, a 22% increase compared to previous year.
Average pay of disclosed executives at L Brands
Andrew M. Meslow, Chief Executive Officer, received $18M in total, which decreased by 4% compared to 2020. 31% of Meslow's compensation, or $5.4M, was in stock awards. Meslow also received $4M in bonus, $81K of change in pension value and nonqualified deferred compensation earnings, $4.6M in non-equity incentive plan, $1.9M in option awards, $1.3M in salary, as well as $279K in other compensation.
For fiscal year 2021, the median employee pay was $10,632 at L Brands. Therefore, the ratio of Andrew M. Meslow's pay to the median employee pay was 1,662 to one.
Stuart B. Burgdoerfer, Chief Financial Officer, received a compensation package of $7.7M, which increased by 73% compared to previous year. 65% of the compensation package, or $5M, was in bonus.
James L. Bersani, President, Real Estate, earned $5.7M in 2021, a 90% increase compared to previous year.
Deon N. Riley, Chief Human Resources Officer, received $4.9M in 2021, which increases by 223% compared to 2020.
Wendy C. Arlin, Chief Financial Officer, earned $4.3M in 2021.
Julie B Rosen, President, received $4.1M in 2021, which increases by 41% compared to 2020.
L Brands' fiscal year ends on January 29.
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Source: SEC filing on March 31, 2022.