Lands' End CEO Jerome Griffith's 2021 pay jumps 72% to $5.4M
Lands' End reports 2021 executive compensation
By ExecPay News
Published: March 31, 2022
Lands' End reported fiscal year 2021 executive compensation information on March 31, 2022.
In 2021, five Lands' End executives received on average a compensation package of $2.7M, a 63% increase compared to previous year.
Average pay of disclosed executives at Lands' End
Jerome Griffith, Chief Executive Officer, received $5.4M in total, which increased by 72% compared to 2020. 46% of Griffith's compensation, or $2.5M, was in stock awards. Griffith also received $1.9M in non-equity incentive plan, $1.1M in salary, as well as $15K in other compensation.
For fiscal year 2021, the median employee pay was $26,817 at Lands' End. Therefore, the ratio of Jerome Griffith's pay to the median employee pay was 203 to one.
James Gooch, Chief Financial Officer, received a compensation package of $2.6M, which increased by 58% compared to previous year. 36% of the compensation package, or $938K, was in stock awards.
Peter L. Gray, Chief Administrative Officer, earned $2M in 2021, a 49% increase compared to previous year.
Chieh Tsai, Chief Product Officer, received $1.7M in 2021, which increases by 49% compared to 2020.
Sarah Rasmusen, Chief Customer Officer, earned $1.5M in 2021.
Lands' End's fiscal year ends on January 28.
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Source: SEC filing on March 31, 2022.