Sundar PichaiSundar Pichai earned $164M in 2023

Joanne Crevoiserat has been steering Tapestry, Inc. as its CEO since October 2020, following her role as CFO. She’s got a solid background in finance with a degree from the University of Connecticut, graduating summa cum laude. Before joining Tapestry,...

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Joanne Crevoiserat

CEO of Tapestry, Inc.

Education

Bachelor's degree in Finance from University of Connecticut

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

October 20, 1964 - 60 years ago

CEO of Tapestry, Inc. for

4 years 5 months (Oct 2020 - Present)

Previous Experience

Chief Financial Officer at Abercrombie & Fitch

Holdings

See how much did Joanne Crevoiserat make over time.

Joanne Crevoiserat has seen her holdings in Tapestry, Inc. fluctuate significantly over the years. Notably, her stock's value rose sharply, reaching a peak of $24.86M in November 2023. She has strategically sold shares as values climbed, illustrating a smart approach...

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Insider Trading

See recent insider trades of Joanne Crevoiserat.

TPR

$2.00M

TPR at $40.58/share

Aug 16, 2024

Received

TPR

$5.71M

TPR at $38.06/share

Aug 21, 2023

Received

TPR

$4.36M

TPR at $23.63/share

Nov 2, 2022

Received

TPR

$2.00M

TPR at $35.41/share

Aug 19, 2022

Received

TPR

64,859 shares

TPR

Aug 22, 2022

Received

TPR

$197.22K

TPR at $34.60/share

Mar 11, 2022

Purchase

TPR

$920.50K

TPR at $21.16/share

Aug 23, 2021

Received

TPR

$2.20M

TPR at $15.83/share

Aug 17, 2020

Received

TPR

$400.00K

TPR at $20.97/share

Aug 19, 2019

Received

TPR

$1.60M

TPR at $27.84/share

Aug 5, 2019

Received

Compensation History

See how much did Joanne Crevoiserat make over time.

In 2022, Joanne Crevoiserat's compensation package reached approximately $14.49 million, which was largely performance-based. Her salary was set at around $1.35 million, but the real gains came from stock awards, which made up a significant portion of her earnings. There was an absence of cash bonuses during this period, as she focused on long-term rewards through vested stock and options. Crevoiserat previously earned about $25.99 million in total compensation in 2020, which included a hefty bonus indicating her successful impact on the company's profitability at that time. Her performance metrics are tied directly to Tapestry's overall financial health, aligning her interests with shareholders' expectations.

Year

2022

Total Compensation

$6.11M

Salary

$1.35M

Board Justification

The compensation philosophy emphasizes pay-for-performance, aligning executive compensation with company performance and stockholder value creation, while also considering market competitiveness and retention strategies.

Bonus

$0.00

Board Justification

No cash bonus was awarded in fiscal year 2023.

Other

$60.91K

Board Justification

Includes contributions to qualified and non-qualified defined contribution plans, life insurance premiums, and other compensation.

Restricted Stock

$4.69M(112.96K PRSUs)

Board Justification

Performance Restricted Stock Units (PRSUs) earned based on performance metrics for the fiscal years 2022-2023, with a payout of 113.4% of target shares, subject to an additional one year vesting requirement.

Performance Metrics

The performance metrics for fiscal year 2023 included Net Sales, Operating Income, Gross Margin, Return on Invested Capital, and Relative Total Shareholder Return.

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