Companies Container Store Group
Container Store (TCS): executive pay, fiscal 2023
Free brief. Every figure links to the company’s own filing.
Container Store Group no longer files a proxy statement; its last pay data is FY2023.
CEO pay, last three years
- $3,629,119FY2021
- $2,569,729FY2022
- $1,550,986FY2023
CEO total pay was $1,550,986 in fiscal 2023, down from $2,569,729 in fiscal 2022.
FY2023: salary $878,750 · bonus $0 · stock awards $667,113 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Satish Malhotra | $878,750 | $0 | $667,113 | $0 | $0 | $0 | $5,123 | $1,550,986 |
| President and Chief Executive Officer | ||||||||
| Dhritiman Saha | 500,000 | 0 | 235,714 | 0 | 0 | 0 | 6,154 | 741,868 |
| Chief Operating Officer | ||||||||
| Jeffrey Miller | 462,538 | 0 | 196,649 | 0 | 0 | 0 | 13,523 | 672,710 |
| Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2023 total | FY2022 total | FY2021 total | Δ FY2022→2023 |
|---|---|---|---|---|
| Satish Malhotra | $1,550,986 | $2,569,729 | $3,629,119 | ↓ −1,018,743 |
| Dhritiman Saha | 741,868 | 864,919 | 1,223,745 | ↓ −123,051 |
| Jeffrey Miller | 672,710 | 819,681 | 1,058,919 | ↓ −146,971 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
No outstanding equity awards are on file for this fiscal year.
Director compensation
No director compensation table is on file for fiscal year 2023.
Board fee structure and ownership guideline
| Annual cash retainer | $80,000 |
|---|---|
| Annual equity retainer | $130,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 20,000 / 15,000 |
| Stock ownership guideline | $3 |
Peer group, and who names Container Store as a peer
Companies that benchmark against TCS
2 companies name TCS as a compensation peer
- MONRO, INC.MNROFY2026
- NOODLES & CoNDLSFY2025
Each company listed discloses TCS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TCS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Container Store Group | 2023 | Satish Malhotra | $878,750 | $667,113 | $0 | $0 | $1,550,986 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2024 | 2024-08-28 | 29,558,770 | 1,300,420 | 79,727 | 95.79% | Passed |
| 2023 | 2023-08-30 | 27,285,470 | 4,512,534 | 74,879 | 85.61% | Passed |
| 2021 | 2021-09-01 | 27,498,636 | 5,976,941 | 640,582 | 80.6% | Passed |
| 2020 | 2020-08-26 | 35,051,897 | 1,003,254 | 67,919 | 97.03% | Passed |
| 2019 | 2019-08-28 | 35,862,896 | 390,551 | 96,539 | 98.66% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2024 | 2024-08-28 | 95.79%a |
| 2023 | 2023-08-30 | 85.61%b |
| 2021 | 2021-09-01 | 80.6%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote against this proposal.”.
c. Approved under the standard stated in the filing — “Abstentions will have the same effect as a vote against this proposal.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (8 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Satish Malhotra. DEF 14A, filed 2024-07-09. Section “Executive Compensation”. As printed: 1,550,986. View filing ↗
- Section 01, Dhritiman Saha. DEF 14A, filed 2024-07-09. Section “Executive Compensation”. As printed: 741,868. View filing ↗
- Section 01, Jeffrey Miller. DEF 14A, filed 2024-07-09. Section “Executive Compensation”. As printed: 672,710. View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-09-04. Item 5.07 · say-on-pay result. As reported: 95.79% (votes for as printed: 29,558,770). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-09-05. Item 5.07 · say-on-pay result. As reported: 85.61% (votes for as printed: 27,285,470). View filing ↗
- Section 06, 2021 vote. Form 8-K, filed 2021-09-08. Item 5.07 · say-on-pay result. As reported: 80.6% (votes for as printed: 27,498,636). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Container Store Group (subject), Section 10b CEO total. DEF 14A, filed 2024-07-09. CEO total compensation as printed in Container Store Group's own proxy. As printed: 1,550,986. View filing ↗