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...

Current Market Cap

$3.32B

Number of Employees

22K

Total Compensation

2020 - 2023

Trending up by 10.63% last year
Showing total compensation for the last 2020 - 2023

Stock

Up by 0.00% last year

Salary

Down by -22.83% last year

Bonus

Down by -92.38% last year

Other

Down by -45.20% last year

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.

SEC Filing

From April 19, 2024

Ken C. Hicks

Ex-CEO of Academy Sports and Outdoors

KC

Education

Masters of Business Administration with highest distinction from Harvard Business School

Field of Expertise

Consumer Goods & Retail - Retail

Born

Invalid Date - 0 years ago

Is Founder?

No

Tenure

5 years 1 month (May 2018 - Jun 2023)

Previous Experience

President and Chief Executive Officer at Foot Locker, Inc.

View Holdings

Insider Holdings of Ken C. Hicks

AVYFL

$6.11M

-$52.07M (-89.50%)

Last Insider Trade

ASO

75,000 shares

ASO

Jul 18, 2024

Charity