Five Below COO David Johnston's 2013 pay falls 48% to $1M
Five Below reports 2013 executive compensation
By ExecPay News
Published: May 9, 2014
Five Below reported fiscal year 2013 executive compensation information on May 9, 2014.
In 2013, four Five Below executives received on average a compensation package of $743K, a 86% decrease compared to previous year.
Average pay of disclosed executives at Five Below
David Johnston, Chief Operating Officer, received $1M in total, which decreased by 48% compared to 2012. 61% of Johnston's compensation, or $632K, was in option awards. Johnston also received $231K in salary and $172K in other compensation.
Thomas G. Vellios, Founder, received a compensation package of $701K, which decreased by 93% compared to previous year. 100% of the compensation package, or $700K, was in salary.
Kenneth R. Bull, Chief Financial Officer, earned $637K in 2013, a 14% increase compared to previous year.
David Schlessinger, Founder, received $601K in 2013, which decreases by 94% compared to 2012.
Five Below's fiscal year ends on January 31.
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Source: SEC filing on May 9, 2014.