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.