Michael A. Witynski served as CEO of Dollar Tree from July 2020 to January 2023, stepping into the role after a significant retail career. Before becoming CEO, he held various leadership positions at Dollar Tree, focusing on store operations and...

Michael A. Witynski served as CEO of Dollar Tree from July 2020 to January 2023, stepping into the role after a significant retail career. Before becoming CEO, he held various leadership positions at Dollar Tree, focusing on store operations and merchandising. He was promoted from President and had over 29 years of experience in the grocery industry, working with companies like Shaw's and Supervalu. Under his leadership, Dollar Tree faced challenges but also saw changes in its approach to performance metrics. His compensation during 2023 included a base salary of $1.35 million and a bonus of $1.94 million, emphasizing performance alignment with shareholder interests. One of the notable aspects of his time was overseeing the company's transition and planning during a crucial period in retail, particularly during the pandemic. Witynski’s leadership style leaned towards performance-based strategies, as he pushed for operational improvements and adjusted performance targets to maintain competitiveness. His tenure ended as part of a broader leadership change, seeking new directions for the company.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Dollar Tree CEOs

D

Michael A. Witynski

Ex-CEO of Dollar Tree

Education

Not specified

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Defensive

Born

January 1, 1966 - 59 years ago

CEO of Dollar Tree for

2 years 6 months (Jul 2020 - Jan 2023)

Previous Experience

Enterprise President of Dollar Tree; Chief Operating Officer of Dollar Tree Stores; Senior Vice President of Stores at Dollar Tree.

Rivals

Competitors/colleagues of Michael A. Witynski

D

Todd J. Vasos

CEO of Dollar General

2023 Compensation

Stock

$0.00

Salary

$652.46K

Bonus

$0.00

Other

$375.11K

Total Holdings

$12.13M

W

C. Douglas McMillon

CEO of Walmart

2023 Compensation

Stock

$0.00

Salary

$1.47M

Bonus

$0.00

Other

$199.58K

Total Holdings

$433.19M

C

W. Craig Jelinek

CEO of Costco Wholesale

2022 Compensation

Stock

$3.42M

Salary

$1.15M

Bonus

$362.50K

Other

$55.36K

Total Holdings

$318.26M

K

W. Rodney McMullen

CEO of Kroger

2023 Compensation

Stock

$0.00

Salary

$1.40M

Bonus

$672.56K

Other

$921.37K

Total Holdings

$253.52M

B

Michael O'Sullivan

CEO of Burlington Stores

2023 Compensation

Stock

$0.00

Salary

$1.46M

Bonus

$0.00

Other

$15.12K

Total Holdings

$86.80M

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 Michael A. Witynski make over time.

During his tenure as CEO, Michael A. Witynski's stock holdings in Dollar Tree fluctuated significantly, peaking at $19.47 million in November 2022 before dropping to $8.44 million by September 2024. His holdings are reflective of Dollar Tree's stock performance, which...

During his tenure as CEO, Michael A. Witynski's stock holdings in Dollar Tree fluctuated significantly, peaking at $19.47 million in November 2022 before dropping to $8.44 million by September 2024. His holdings are reflective of Dollar Tree's stock performance, which saw a massive increase during the pandemic as the company adapted to changing market conditions. The volatility of his holdings underscores the challenges faced in retail, particularly during economic shifts. Notably, as the market changed, Witynski's wealth in stock saw both rapid increases and subsequent dips, which is common in retail stocks influenced by consumer behavior and broader economic trends. This changing value indicates how closely tied executive wealth is to company performance and market perception.

Mar 11, 2025

D

shares

DLTR @ $64.88

Total Stock Sold

$4.08M

DLTR

$4.08M

41,073 DLTR shares

What if they kept their stock?

If Michael A. Witynski didn't sell their stock, today they would have:
Extra DLTR41,073 shares worth $3.19M.
This is -22.01% and $899.27K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Michael A. Witynski.

DLTR

3,177 shares

DLTR

Apr 1, 2022

Received

DLTR

$1.39M

DLTR at $112.62/share

Dec 4, 2020

Sale

DLTR

$711.90K

DLTR at $103.81/share

Jun 10, 2019

Sale

DLTR

$656.08K

DLTR at $102.83/share

Mar 11, 2019

Sale

DLTR

$473.88K

DLTR at $102.04/share

Dec 1, 2017

Sale

DLTR

$450.13K

DLTR at $90.68/share

Jun 1, 2016

Sale

DLTR

$387.67K

DLTR at $66.31/share

Sep 11, 2015

Sale

Compensation History

See how much did Michael A. Witynski make over time.

Michael A. Witynski earned a total compensation of $3.6 million as CEO of Dollar Tree in 2023, which included a base salary of $1.35 million and an impressive cash bonus of $1.94 million. His bonus was tied to performance metrics that focused on adjusted operating income and revenue growth, aligning his incentives with company goals. Unlike some CEOs, Witynski did not participate in long-term stock incentives during this period, pointing to his focus on immediate performance results. Previous years show that his compensation varied, with significant fluctuations reflecting the company's performance; for instance, he earned about $2.67 million in 2021. His compensation strategy seems to emphasize his direct influence on operational outcomes rather than long-term stock performance.

Year

2023

Total Compensation

$3.36M

Salary

$1.35M

Board Justification

The compensation philosophy is to align executive pay with performance metrics that drive long-term shareholder value, focusing on attracting and retaining qualified executives while promoting accountability and performance.

Bonus

$1.94M

Board Justification

The annual cash bonus under the Management Incentive Compensation Plan (MICP) was based on performance metrics including adjusted operating income and adjusted total revenue for the fiscal year 2023.

Other

$67.37K

Board Justification

Other compensation includes contributions to the Company's 401(k) plan and the dollar value of life insurance premiums paid by the Company.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Dreiling does not participate in the long-term incentive program and therefore did not receive any stock awards in 2023.

Performance Metrics

The performance metrics for the annual cash bonus included adjusted operating income and adjusted total revenue.

Other Dollar Tree CEOs

Here are other CEOs of Dollar Tree

Gary M. Philbin

Ex-CEO of Dollar Tree

September 2017 - July 2020

Richard W. Dreiling

Ex-CEO of Dollar Tree

January 2023 - January 2025