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...

Number of Employees

211.83K

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.

SEC Filing

From May 7, 2024

Michael A. Witynski

Ex-CEO of Dollar Tree

MA

Education

Not specified

Field of Expertise

Consumer Goods & Retail - Retail

Born

January 1, 1966 - 59 years ago

Is Founder?

No

Tenure

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.