Ken C. Hicks has been the CEO of Foot Locker, Inc. since August 2009. Before joining Foot Locker, he had a significant career in retail, serving as the Chief Merchandising Officer at J.C. Penney Company for four years. His experience...

Ken C. Hicks has been the CEO of Foot Locker, Inc. since August 2009. Before joining Foot Locker, he had a significant career in retail, serving as the Chief Merchandising Officer at J.C. Penney Company for four years. His experience includes leading Payless ShoeSource as President too. Hicks' leadership emerged during challenging times in the retail sector, showcasing his ability to adapt. Under his guidance, Foot Locker has focused on performance metrics, emphasizing pre-tax income and return on investment. In 2013, his compensation peaked at over $14 million, a reflection of his performance strategy that ties pay to results. Interestingly, he waived his guaranteed bonus in 2009 due to the company's struggles that year. Hicks has been on the Board of Directors for other firms, gaining a wider perspective on business dynamics. His clear vision helped transform Foot Locker's approach, driving it towards increased market relevance.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Academy Sports and Outdoors CEOs

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Ken C. Hicks

Ex-CEO of Academy Sports and Outdoors

Education

Masters of Business Administration with highest distinction from Harvard Business School

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Cyclical

CEO of Academy Sports and Outdoors for

5 years 1 month (May 2018 - Jun 2023)

Previous Experience

President and Chief Executive Officer at Foot Locker, Inc.

Rivals

Competitors/colleagues of Ken C. Hicks

D

Lauren R. Hobart

CEO of Dick's Sporting Goods

2023 Compensation

Stock

$10.67M

Salary

$1.31M

Bonus

$0.00

Other

$34.05K

Total Holdings

$51.78M

Holdings

See how much did Ken C. Hicks make over time.

Ken C. Hicks holds a noteworthy position at Foot Locker, where his wealth is significantly tied to the company's stock performance. Over the years, his stock holdings have varied widely. For instance, he received a major grant of 400,000 shares...

Ken C. Hicks holds a noteworthy position at Foot Locker, where his wealth is significantly tied to the company's stock performance. Over the years, his stock holdings have varied widely. For instance, he received a major grant of 400,000 shares as part of his inducement to join Foot Locker, with 100,000 shares becoming vested in early 2013. During 2013, Hicks had around 300,000 unvested stock options and shares, valued at roughly $8.9 million based on stock price at the time. However, fluctuating market conditions have affected the current value and size of his holdings. In the past, his stock compensation strategy typically involved vesting tied to performance metrics, aligning his interests with shareholder expectations and driving a focus on Foot Locker's growth.

Mar 18, 2025

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shares

ASO @ $NaN

A

shares

AVY @ $179.93

F

shares

FL @ $16.57

Total Stock Sold

$25.15M

FL

$22.01M

400,000 FL shares

AVY

$3.14M

25,009 AVY shares

What if they kept their stock?

If Ken C. Hicks didn't sell their stock, today they would have:
Extra FL400,000 shares worth $10.00M and AVY25,009 shares worth $2.88M.
This is -48.8% and $12.27M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Ken C. Hicks.

AVY

$1.39M

AVY at $220.22/share

May 11, 2021

Sale

AVY

$1.07M

AVY at $110.10/share

Apr 26, 2019

Sale

AVY

$325.26K

AVY at $81.31/share

Mar 6, 2017

Sale

AVY

$381.15K

AVY at $76.23/share

Jun 7, 2016

Sale

FL

36,207 shares

FL

Mar 25, 2015

Received

FL

$4.53M

FL at $56.63/share

Mar 4, 2015

Sale

FL

$4.46M

FL at $55.80/share

Feb 25, 2015

Sale

Compensation History

See how much did Ken C. Hicks make over time.

Ken C. Hicks' compensation has evolved considerably during his time at Foot Locker. In 2014, his total earnings reached approximately $3 million, primarily driven by a salary of $950,000 and a remarkable bonus that year. The bonus system at Foot Locker is designed to incentivize performance, where Hicks could earn up to 125% of his salary based on pre-tax income targets. His compensation peaked significantly in 2013, hitting over $14 million, largely due to vested stock awards from previous years. However, during tough years, like 2009, he waived his annual bonus reflecting his commitment to the company's recovery. Hicks' earnings indicate how his leadership ties closely to company performance, shaping not just his own financial success but also the strategic direction of Foot Locker.

Year

2023

Total Compensation

$4.27M

Salary

$848.85K

Board Justification

The compensation philosophy aims to align executive compensation with company performance, peer benchmarking, and retention strategies, focusing on both short-term and long-term performance metrics.

Bonus

$119.97K

Board Justification

The bonus was earned based on individual performance metrics, despite the company not meeting the minimum performance requirements for Adj. EBIT and Net Sales under the Executive Bonus Plan, resulting in a 10% payout of the target bonus opportunity.

Other

$648.34K

Board Justification

This includes reimbursements for financial planning services, executive physicals, and perquisites related to housing and travel expenses, which were discontinued after July 2, 2023.

Restricted Stock

$2.65M(46.41K RSU)

Board Justification

The stock awards that vested in 2023 were performance-based RSUs that were earned based on the achievement of individual performance goals.

Performance Metrics

The performance metrics for 2023 included Adjusted EBIT and Net Sales, which were weighted 90% of the total bonus opportunity.

Other Academy Sports and Outdoors CEOs

Here are other CEOs of Academy Sports and Outdoors

Steven (Steve) P. Lawrence

CEO of Academy Sports and Outdoors

June 2023 - Present