Robert Higginbotham is the current interim CEO of Foot Locker, Inc., having been appointed in March 2023 while still serving as the Senior Vice President of Investor Relations and Financial Planning. His journey in the finance industry is impressive, with...

Robert Higginbotham is the current interim CEO of Foot Locker, Inc., having been appointed in March 2023 while still serving as the Senior Vice President of Investor Relations and Financial Planning. His journey in the finance industry is impressive, with nearly two decades spent on Wall Street. He held significant positions at major firms like Goldman Sachs, where he gained deep insights into stock analysis and portfolio management. In early 2023, he briefly served as the Chief Financial Officer, highlighting his adaptable leadership skills. Notably, his compensation package for 2023 reported no salary or bonuses, reflecting a focus on long-term company performance rather than immediate rewards. As a Chartered Financial Analyst, he has a strong foundation in financial principles, which benefits Foot Locker during challenging times. This experience and his strategic mindset suggest that he will lead the company with insights shaped by years of investment banking and financial management.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Foot Locker CEOs

F

Robert Higginbotham

CEO of Foot Locker

Education

Not available

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

January 1, 1977 - 48 years ago

CEO of Foot Locker for

2 years 1 month (Mar 2023 - Present)

Previous Experience

Senior Vice President, Investor Relations and Financial Planning & Analysis

Rivals

Competitors/colleagues of Robert Higginbotham

T

Dennis H. Nelson

CEO of The Buckle

2023 Compensation

Stock

$4.58M

Salary

$1.20M

Bonus

$3.10M

Other

$320.27K

Total Holdings

$110.51M

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 Robert Higginbotham make over time.

Robert Higginbotham’s stock holdings are currently at zero, reflecting a unique position in a company that highly values performance over direct personal wealth tied to stock ownership. His initial stake might have been more optimistic during his career on Wall...

Robert Higginbotham’s stock holdings are currently at zero, reflecting a unique position in a company that highly values performance over direct personal wealth tied to stock ownership. His initial stake might have been more optimistic during his career on Wall Street, particularly in roles where he managed equity portfolios. However, since joining Foot Locker, his focus appears to be on steering the company through its transitional phase without a direct financial stake in the game. This approach demonstrates his commitment to Foot Locker’s future rather than personal financial gain, an interesting stance for a CEO in today’s market. As he navigates the leadership role, his decisions will likely be more about long-term stability for the company rather than short-term stock fluctuations.

Insider Trading

See recent insider trades of Robert Higginbotham.

FL

2,048 shares

FL

Mar 22, 2023

Received

FL

4,055 shares

FL

Mar 1, 2023

Received

Compensation History

See how much did Robert Higginbotham make over time.

In 2023, Robert Higginbotham's reported compensation was notably zero, which is unusual for a CEO. He was appointed interim CFO during his tenure, which normally comes with additional financial incentives, yet his salary, bonuses, and stock awards were all stated as zero. This might indicate that the board is emphasizing performance-based rewards, possibly tied to future success rather than guaranteed payouts. His role in the interim CFO position could have influenced this structure, as the company was in a transition phase with ongoing searches for a permanent CFO. No stock options or other potential compensation packages were realized during this fiscal year, which reflects a strategy of aligning executive interests with the long-term health of the company, rather than immediate financial incentives.

Year

2023

Total Compensation

$0.00

Salary

$0.00

Board Justification

The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and shareholder interests.

Bonus

$0.00

Board Justification

Mr. Higginbotham's target Annual Incentive Award was increased to 75% while he served as interim Chief Financial Officer from March 1, 2023 through June 11, 2023, but no payout was reported for 2023.

Other

$0.00

Board Justification

No other compensation was reported for Mr. Higginbotham in 2023.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 for Mr. Higginbotham.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included Adjusted Operating Income, Two-Year Average After-Tax Income, and Two-Year Average ROIC.

Other Foot Locker CEOs

Here are other CEOs of Foot Locker

Andrew E. Page

Ex-CEO of Foot Locker

April 2021 - February 2023