As the CEO, Cedric Wilmotte's compensation package is notable. In 2023, he received a total compensation of $3,306,082. This included a base salary of $1,000,000 and a guaranteed annual cash bonus of $2,000,000 due for fiscal 2024. An interesting aspect...
As the CEO, Cedric Wilmotte's compensation package is notable. In 2023, he received a total compensation of $3,306,082. This included a base salary of $1,000,000 and a guaranteed annual cash bonus of $2,000,000 due for fiscal 2024. An interesting aspect of his holdings includes 95,057 restricted stock units (RSUs) valued at around $4,306,082, which will vest over the next three years, subject to his continued employment. These incentives reflect a performance-based compensation strategy aimed at aligning his wealth with the company’s stock performance. Notably, all these elements show how the company expects his impact on the brand’s future growth and success.