Calvin McDonald has been the CEO of Lululemon Athletica since August 2018. He holds a Bachelor of Science from the University of Western Ontario and an MBA from the University of Toronto. Before joining Lululemon, he led Sephora in the...

Calvin McDonald has been the CEO of Lululemon Athletica since August 2018. He holds a Bachelor of Science from the University of Western Ontario and an MBA from the University of Toronto. Before joining Lululemon, he led Sephora in the Americas, where he helped expand the brand's presence significantly. His background also includes a stint as CEO of Sears Canada and 17 years at Loblaw Companies, which gave him a solid foundation in retail. Under his leadership, Lululemon has focused on its performance metrics, which include operating income and revenue, resulting in impressive bonus payouts for achieving goals. In 2023 alone, Calvin’s total compensation reached approximately $16.5 million, indicating the company's strong performance during his tenure. His commitment to aligning executive pay with company success reflects a pay-for-performance philosophy. Calvin's insider trading activity peaked in 2021, when his holdings grew exponentially, showing confidence in Lululemon's future. His strategies center around creating value not just for shareholders, but for all stakeholders involved in the Lululemon ecosystem.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other lululemon athletica CEOs

l

Calvin McDonald

CEO of lululemon athletica

Education

B.Sc. from University of Western Ontario; MBA from University of Toronto

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Cyclical

Born

January 1, 1973 - 52 years ago

CEO of lululemon athletica for

6 years 7 months (Aug 2018 - Present)

Previous Experience

President and CEO of Americas for Sephora; Former President and CEO of Sears Canada

Rivals

Competitors/colleagues of Calvin McDonald

C

Darren M. Rebelez

CEO of Casey's General Stores

2023 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$2.83M

Other

$0.00

Total Holdings

$35.69M

G

Morris Goldfarb

CEO of G-III Apparel Group

2023 Compensation

Stock

$3.13M

Salary

$1.35M

Bonus

$9.38M

Other

$188.96K

Total Holdings

$124.39M

P

Stefan Larsson

CEO of PVH

2023 Compensation

Stock

$8.88M

Salary

$1.29M

Bonus

$0.00

Other

$274.67K

Total Holdings

$19.17M

R

Gary Friedman

CEO of Restoration Hardware

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$0.00

Other

$42.95K

Total Holdings

$743.46M

O

Thomas C. Chubb III

CEO of Oxford Industries

2023 Compensation

Stock

$4.74M

Salary

$934.62K

Bonus

$0.00

Other

$460.45K

Total Holdings

$9.34M

C

Thomas J. Smach

CEO of Crocs

2014 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$23.05M

Holdings

See how much did Calvin McDonald make over time.

Calvin McDonald’s insider trading paints an interesting picture of his financial journey at Lululemon. Starting in 2019, he made some substantial trades, and by 2021 his holdings peaked at around $64.56 million. This was a significant increase from his earlier...

Calvin McDonald’s insider trading paints an interesting picture of his financial journey at Lululemon. Starting in 2019, he made some substantial trades, and by 2021 his holdings peaked at around $64.56 million. This was a significant increase from his earlier trades, suggesting rising confidence in the company’s direction. After that peak, his holdings fluctuated but remained healthy, showing a mix of trading and confidence in Lululemon's ongoing growth. By late 2023, his holdings had a value of about $13 million, which he maintained over several months. His stock activities reflect not only his financial investment but also his belief in Lululemon's long-term success.

Loading...

Total Stock Sold

$17.76M

LULU

$17.76M

38,000 LULU shares

What if they kept their stock?

If Calvin McDonald didn't sell their stock, today they would have:
Extra LULU38,000 shares worth $7.41M.
This is -58.3% and $10.36M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Calvin McDonald.

LULU

$1.04M

LULU at $260.00/share

Sep 3, 2024

Purchase

DIS

$999.99K

DIS at $85.06/share

Aug 8, 2024

Purchase

DIS

$91.25K

DIS at $101.51/share

Jun 30, 2024

Received

DIS

$93.24K

DIS at $116.95/share

Mar 31, 2024

Received

DIS

$91.25K

DIS at $91.79/share

Dec 31, 2023

Received

LULU

$12.44M

LULU at $497.50/share

Dec 18, 2023

Sale

DIS

$91.25K

DIS at $81.87/share

Sep 30, 2023

Received

DIS

$91.25K

DIS at $89.17/share

Jun 30, 2023

Received

DIS

$91.25K

DIS at $96.05/share

Mar 31, 2023

Received

DIS

$91.26K

DIS at $86.92/share

Dec 31, 2022

Received

Compensation History

See how much did Calvin McDonald make over time.

Calvin McDonald's compensation has seen significant growth since he took the helm at Lululemon. In 2023, his total compensation reached approximately $16.5 million, consisting mainly of salary, stock options, and performance-based bonuses. His base salary was around $1.29 million, and interestingly, he received no cash bonuses this year, focusing instead on stock options tied to the company's performance. This aligns with Lululemon's commitment to a pay-for-performance philosophy. Last year, his compensation was slightly lower at around $15.6 million, including a substantial cash bonus of $4.375 million for hitting key performance targets. This shifting compensation structure shows alignment with both company success and executive performance over time, especially as Lululemon continues to grow in the competitive retail space.

Year

2023

Total Compensation

$6.33M

Salary

$1.29M

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, focusing on pay-for-performance principles.

Bonus

$0.00

Board Justification

No bonus was awarded in 2023.

Other

$33.29K

Board Justification

This includes relocation costs, tax gross-ups, and other benefits.

Restricted Stock

$5.00M(5M RSU)

Board Justification

This reflects the grant date fair value of performance-based restricted stock units that vested in 2023.

Performance Metrics

The performance metrics for 2023 included operating income and net revenue, with a payout of 200% of the target bonus level.

Other lululemon athletica CEOs

Here are other CEOs of lululemon athletica

Christine Day

Ex-CEO of lululemon athletica

June 2008 - June 2013