Lands' End CEO Jerome Griffith's 2020 pay falls 42% to $3.2M
Lands' End reports 2020 executive compensation
By ExecPay News
Published: March 31, 2021
Lands' End reported fiscal year 2020 executive compensation information on March 31, 2021.
In 2020, five Lands' End executives received on average a compensation package of $1.6M, a 34% decrease compared to previous year.
Average pay of disclosed executives at Lands' End
Jerome Griffith, Chief Executive Officer, received $3.2M in total, which decreased by 42% compared to 2019. 47% of Griffith's compensation, or $1.5M, was in non-equity incentive plan. Griffith also received $828K in salary, $853K in stock awards, as well as $5K in other compensation.
For fiscal year 2020, the median employee pay was $24,163 at Lands' End. Therefore, the ratio of Jerome Griffith's pay to the median employee pay was 131 to one.
James Gooch, Chief Financial Officer, received a compensation package of $1.6M, which decreased by 28% compared to previous year. 45% of the compensation package, or $735K, was in non-equity incentive plan.
Peter L. Gray, Chief Administrative Officer, earned $1.3M in 2020, a 27% decrease compared to previous year.
Chieh Tsai, Executive Vice President, Chief Product Officer, received $1.2M in 2020, which decreases by 22% compared to 2019.
Kelly Ritchie, Senior Vice President, Employee Services, earned $818K in 2020, a 35% decrease compared to previous year.
Lands' End's fiscal year ends on January 28.
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Source: SEC filing on March 31, 2021.