Lululemon Athletica CEO Calvin McDonald's 2021 pay jumps 25% to $13M
Lululemon Athletica reports 2021 executive compensation
By ExecPay News
Published: April 27, 2022
Lululemon Athletica reported fiscal year 2021 executive compensation information on April 27, 2022.
In 2021, five executives at Lululemon Athletica received on average a compensation package of $5.7M, a 65% increase compared to previous year.
Average pay of disclosed executives at Lululemon Athletica
Calvin McDonald, Chief Executive Officer, received $13M in total, which increased by 25% compared to 2020. 30% of McDonald's compensation, or $4M, was in stock awards. McDonald also received $4M in non-equity incentive plan, $4M in option awards, $1.3M in salary, as well as $15K in other compensation.
For fiscal year 2021, the median employee pay was $17,061 at Lululemon Athletica. Therefore, the ratio of Calvin McDonald's pay to the median employee pay was 778 to one.
Michelle Choe, Chief Product Officer, received a compensation package of $4.7M, which increased by 61% compared to previous year. 37% of the compensation package, or $1.8M, was in stock awards.
Celeste Burgoyne, President, Americas and Global Guest Innovation, earned $4.5M in 2021, a 62% increase compared to previous year.
André Maestrini, EVP, International, received $3.6M in 2021.
Meghan Frank, Chief Financial Officer, earned $2.4M in 2021, a 46% increase compared to previous year.
Lululemon Athletica's fiscal year ends on February 2.
Related executives
Calvin McDonald
Lululemon Athletica
Chief Executive Officer
Meghan Frank
Lululemon Athletica
Chief Financial Officer
Celeste Burgoyne
Lululemon Athletica
President, Americas and Global Guest Innovation
Michelle Choe
Lululemon Athletica
Chief Product Officer
André Maestrini
Lululemon Athletica
EVP, International
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Source: SEC filing on April 27, 2022.