Destination XL Group CEO Harvey Kanter's 2021 pay jumps 71% to $3.6M
Destination XL Group reports 2021 executive compensation
By ExecPay News
Published: June 30, 2022
Destination XL Group reported fiscal year 2021 executive compensation information on June 30, 2022.
In 2021, five executives at Destination XL Group received on average a compensation package of $1.5M, a 64% increase compared to previous year.
Average pay of disclosed executives at Destination XL Group
Harvey S. Kanter, Chief Executive Officer, received $3.6M in total, which increased by 71% compared to 2020. 57% of Kanter's compensation, or $2.1M, was in non-equity incentive plan. Kanter also received $74K in bonus, $207K in option awards, $735K in salary, $443K in stock awards, as well as $88K in other compensation.
For fiscal year 2021, the median employee pay was $35,240 at Destination XL Group. Therefore, the ratio of Harvey S. Kanter's pay to the median employee pay was 103 to one.
Peter H. Stratton, Jr, Chief Financial Officer, received a compensation package of $1.1M, which increased by 63% compared to previous year. 43% of the compensation package, or $459K, was in non-equity incentive plan.
Robert S. Molloy, General Counsel, earned $980K in 2021, a 65% increase compared to previous year.
Ujjwal Dhoot, Chief Marketing Officer, received $865K in 2021, which increases by 41% compared to 2020.
Anthony J. Gaeta, Chief Stores Officer, earned $725K in 2021, a 59% increase compared to previous year.
Destination XL Group's fiscal year ends on January 28.
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Source: SEC filing on June 30, 2022.