Vera Bradley CEO Robert Wallstrom's 2019 pay rises 19% to $2.6M
Vera Bradley reports 2019 executive compensation
By ExecPay News
Published: May 2, 2019
Vera Bradley reported fiscal year 2019 executive compensation information on May 2, 2019.
In 2019, five executives at Vera Bradley received on average a compensation package of $1.3M, a 16% increase compared to previous year.
Average pay of disclosed executives at Vera Bradley
Robert Wallstrom, Chief Executive Officer, received $2.6M in total, which increased by 19% compared to 2018. 42% of Wallstrom's compensation, or $1.1M, was in non-equity incentive plan. Wallstrom also received $750K in salary, $750K in stock awards, as well as $11K in other compensation.
For fiscal year 2019, the median employee pay was $16,114 at Vera Bradley. Therefore, the ratio of Robert Wallstrom's pay to the median employee pay was 163 to one.
Daren Hull, Chief Customer Officer, received a compensation package of $1.3M. 62% of the compensation package, or $800K, was in stock awards.
John Enwright, Chief Financial Officer, earned $923K in 2019, a 27% increase compared to previous year.
Beatrice Mac Cabe, Chief Creative Officer, received $923K in 2019, which increases by 65% compared to 2018.
Kevin Korney, Chief Merchandising Officer, earned $777K in 2019.
Vera Bradley's fiscal year ends on January 29.
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Source: SEC filing on May 2, 2019.