David Kimbell is the current CEO of Ulta Beauty, Inc., a leading beauty retailer known for its wide range of cosmetics, skincare, and fragrance products. He took over as CEO on June 2, 2021, after serving as the President and...

Number of Employees

56K

Year

2023

Total Compensation

$3.82M

Salary

$1.35M

Board Justification

The compensation philosophy aims to attract, retain, and motivate talented executives, linking a significant portion of compensation to performance metrics that drive stockholder value.

Bonus

$2.38M

Board Justification

Annual cash incentive based on earnings before taxes (EBT) performance, with a payout of 97.84% of target due to EBT performance of $1.696 billion, slightly below the target of $1.703 billion.

Other

$93.42K

Board Justification

Other compensation includes 401(k) match, deferred compensation match, long-term disability premiums, and other perquisites such as health screenings and life insurance premiums.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the focus is on performance-based stock awards that vest in future periods.

Performance Metrics

The primary performance metric for the annual incentive plan is earnings before taxes (EBT), with a target set at the beginning of the fiscal year.

SEC Filing

From April 24, 2024

David Kimbell

CEO of Ulta Beauty, Inc.

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Education

Not specified

Field of Expertise

Sales & Marketing - Marketing

Born

Invalid Date - 0 years ago

Is Founder?

No

Current Tenure

3 years 7 months (Jun 2021 - Present)

Previous Experience

Chief Merchandising and Marketing Officer of Ulta Beauty, Inc.; President & Chief Merchandising and Marketing Officer of Ulta Beauty, Inc.