Five Below CEO Joel Anderson's 2018 pay jumps 34% to $5.5M
Five Below reports 2018 executive compensation
By ExecPay News
Published: May 9, 2019
Five Below reported fiscal year 2018 executive compensation information on May 9, 2019.
In 2018, five Five Below executives received on average a compensation package of $2.4M, a 17% increase compared to previous year.
Average pay of disclosed executives at Five Below
Joel D. Anderson, Chief Executive Officer, received $5.5M in total, which increased by 34% compared to 2017. 64% of Anderson's compensation, or $3.5M, was in stock awards. Anderson also received $1.2M in non-equity incentive plan, $815K in salary, as well as $15K in other compensation.
For fiscal year 2018, the median employee pay was $8,975 at Five Below. Therefore, the ratio of Joel D. Anderson's pay to the median employee pay was 612 to one.
Michael F. Romanko, EVP and Chief Merchandising Officer, received a compensation package of $1.9M, which increased by 41% compared to previous year. 52% of the compensation package, or $1M, was in stock awards.
Eric M. Specter, Chief Administrative Officer, earned $1.5M in 2018, a 3% increase compared to previous year.
Kenneth R. Bull, Chief Financial Officer, received $1.5M in 2018, which increases by 5% compared to 2017.
George S. Hill, EVP of Store Operations, earned $1.4M in 2018, a 20% decrease compared to previous year.
Five Below's fiscal year ends on January 31.
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Source: SEC filing on May 9, 2019.