Victor Luis was the CEO of Tapestry, Inc., a luxury lifestyle brand known for its popular fashion labels like Coach. With a bachelor's degree from Manhattan College, he took charge of Tapestry in 2014 and led the company until 2019....

Current Market Cap

$10.64B

Number of Employees

20.6K

Total Compensation

2015 - 2019

Trending up by 370.05% last year
Showing total compensation for the last 2015 - 2019

Stock

Up by 0.00% last year

Salary

Down by -77.26% last year

Bonus

Up by 0.00% last year

Other

Up by 2622.53% last year

Year

2019

Total Compensation

$6.85M

Salary

$306.92K

Board Justification

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

Bonus

$0.00

Board Justification

No bonuses were paid out under the Annual Incentive Plan for fiscal year 2020 due to performance below threshold levels.

Other

$2.92M

Board Justification

Includes severance payments, health benefits continuation, and legal fees related to the separation agreement.

Restricted Stock

$3.62M(136.66K RSU)

Board Justification

The vested stock includes Restricted Stock Units (RSUs) that were earned and vested upon termination, valued at the closing stock price on June 26, 2020.

Performance Metrics

Performance metrics included annual cash incentives based on financial performance, which were not met in fiscal year 2020.

SEC Filing

From September 25, 2020