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Companies PVH Corp

PVH (PVH): executive pay, fiscal 2025

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CEO total pay$16,165,385CEO Stefan Larsson · source
Say-on-pay support94.57%Latest vote
CEO vs. named peers72nd pct.Of 40 peer CEOs
CEO pay ratio689:1To the median employee · source

CEO pay, last three years

  • $15,613,904FY2023
  • $16,278,038FY2024
  • $16,165,385FY2025

CEO total pay was $16,165,385 in fiscal 2025, down from $16,278,038 in fiscal 2024.

FY2025: salary $1,450,000 · bonus $0 · stock awards $12,200,530

Executives and directors

Frequently asked questions

Who was the highest-paid executive at PVH Corp in fiscal 2025?
As disclosed, Stefan Larsson (Chief Executive Officer) was the highest-paid executive at PVH Corp in fiscal 2025, with total compensation of $16,165,385.
How does PVH Corp's chief executive pay compare to its disclosed peer group?
As disclosed, Stefan Larsson's total compensation ranked at the 72nd percentile of PVH Corp's disclosed peer group.
What is PVH Corp's CEO-to-median employee pay ratio?
As disclosed, PVH Corp's CEO-to-median employee pay ratio was 689:1.
How did shareholders vote on PVH Corp's executive compensation?
As disclosed, 94.57% of shareholders supported PVH Corp's executive compensation in the latest say-on-pay vote.
How much does PVH Corp spend in total on board compensation for fiscal 2025?
As disclosed, PVH Corp reported total board compensation of $3,000,278 for fiscal 2025.

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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Stefan Larsson$1,450,000$0$12,200,530—$2,142,230$45,080$327,545$16,165,385
Chief Executive Officer
Eva Serrano794,42301,917,069—485,485—3,595,3586,792,335
Former Global Brand President, Calvin Klein
Zachary Coughlin841,15404,396,662———136,1275,373,943
Former Executive Vice President and Chief Financial Officer
David Savman825,00001,747,439—740,589—1,129,7534,442,781
Global Brand President, Calvin Klein
Fredrik Olsson989,92401,691,311—667,274—521,2423,869,751
Chief Executive Officer, PVH EMEA
Lea Rytz Goldman856,66501,917,069—658,484—373,9093,806,127
Global Brand President, Tommy Hilfiger
Melissa Stone568,0770500,231—203,14327,20448,5751,347,230
Interim Chief Financial Officer and Executive Vice President, Global Financial Planning and Analysis

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Stefan Larsson$16,165,385$16,278,038$15,613,904↓ −112,653
Eva Serrano6,792,3353,518,4386,272,472↑ +3,273,897
Zachary Coughlin5,373,9435,959,7545,341,520↓ −585,811
David Savman4,442,7813,510,269—↑ +932,512
Fredrik Olsson3,869,751———
Lea Rytz Goldman3,806,1273,382,012—↑ +424,115
Melissa Stone1,347,230———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Performance-focused: The majority of each NEO's total direct compensation opportunity includes short-term and long-term incentive awards that pay out only if we achieve specific financial and strategic targets. Competitive: Our compensation program is designed to enable PVH to attract and retain top talent best positioned to drive the strategic execution of the PVH+ Plan. Flexible: The Compensation Committee reviews all elements of our compensation program annually to ensure that they are consistent with stockholder interests and enable us to attract, retain and incentivize executives.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)—
Independent consultantFrederic W. Cook & Co.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
David SavmanRSU2025-04-10—11,20811,208—$775,033
Eva SerranoRSU2025-04-10—12,29612,296—850,268
Melissa StoneRSU2025-04-10——4,340—300,111
Melissa StoneRSU2025-12-16——2,744—200,120
Stefan LarssonRSU2025-04-1040,13280,26480,264160,5285,550,256
Fredrik OlssonRSU2025-04-105,42410,84810,84821,696750,139
Zachary CoughlinRSU2025-04-10—28,20028,200—1,950,030
Lea Rytz GoldmanPSU2025-04-106,14812,296—24,5921,066,801
Stefan LarssonPSU2025-04-1040,13280,264—160,5286,650,274
Fredrik OlssonPSU2025-04-105,42410,848—21,696941,172
Lea Rytz GoldmanRSU2025-04-106,14812,29612,29624,592850,268
Zachary CoughlinPSU2025-04-1014,10028,200—56,4002,446,632
David SavmanPSU2025-04-105,60411,208—22,416972,406
Eva SerranoPSU2025-04-106,14812,296—24,5921,066,801

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
David Savman$775,033$972,406$055.6%
Eva Serrano850,2681,066,801055.6%
Melissa Stone500,231000.0%
Stefan Larsson5,550,2566,650,274054.5%
Fredrik Olsson750,139941,172055.6%
Zachary Coughlin1,950,0302,446,632055.6%
Lea Rytz Goldman850,2681,066,801055.6%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Melissa StonePSU438—$27,314
David SavmanPSU1,052—65,603
Melissa StonePSU1,368—85,308
Melissa StonePSU1,790—111,624
David SavmanPSU2,090—130,332
Melissa StonePSU2,744—171,116
Eva SerranoPSU3,348—208,781
David SavmanPSU3,417—213,084
Melissa StonePSU4,340—270,642
Fredrik OlssonPSU4,744—295,836
David SavmanPSU5,046—314,669
Lea Rytz GoldmanPSU5,127—319,720
Fredrik OlssonPSU5,424—338,241
David SavmanPSU5,604—349,465
Lea Rytz GoldmanPSU6,148—383,389
Stefan LarssonPSU8,391—523,263
Eva SerranoPSU9,875—615,805
Fredrik OlssonPSU10,848—676,481
David SavmanPSU11,208—698,931
Stefan LarssonOption11,67571.51—
Lea Rytz GoldmanPSU12,296—766,779
Stefan LarssonPSU19,870—1,239,093
Stefan LarssonPSU22,758—1,419,189
Stefan LarssonOption25,55083.8—
Stefan LarssonOption27,375109.75—
Stefan LarssonPSU37,929—2,365,252
Stefan LarssonPSU40,132—2,502,632
Stefan LarssonPSU80,264—5,005,263
Stefan LarssonPSU86,412—5,388,652
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael M. CalbertIndependent · Board Chair · Nominating/Governance · Corporate Responsibility$125,000$380,086$0$0$0$505,086
Brent CallinicosIndependent · Audit & Risk Management (Chair) · Corporate Responsibility155,000180,024000335,024
Amy McPhersonIndependent · Nominating/Governance (Chair) · Audit & Risk Management145,000180,024000325,024
Amanda SourryIndependent · Compensation (Chair) · Corporate Responsibility145,000180,024000325,024
G. Penny McIntyreIndependent · Corporate Responsibility (Chair)125,000180,024000305,024
George CheeksIndependent · Nominating/Governance · Corporate Responsibility125,000180,024000305,024
Ajay BhallaIndependent · Audit & Risk Management120,000180,024000300,024
Jesper AndersenIndependent · Nominating/Governance120,000180,024000300,024
Kate GulliverIndependent · Audit & Risk Management120,000180,024000300,024
Allison Peterson000000
Edward R. Rosenfeld000000
Stefan LarssonEmployee director000—00

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$180,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)45,000 / 35,000 / 25,000
Stock ownership guideline5x annual cash retainer

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,180,000
Equity awards (grant-date value)$1,820,278
All other compensation$0
Total cost of the board$3,000,278

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names PVH as a peer

Companies that benchmark against PVH

30 companies name PVH as a compensation peer

The list of companies that name PVH as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

EL The Estée Lauder Companies Inc.AEO American Eagle Outfitters, Inc.GAP The Gap, Inc.M Macy’s, Inc.URBN Urban Outfitters, Inc. Hugo Boss AGVSXY Victoria’s Secret & Co.CRI Carter’s, Inc.LULU lululemon athletica inc.RL Ralph Lauren CorporationCAL Caleres, Inc.FOSL Fossil Group, Inc.JILL J.Jill, Inc.LEVI Levi Strauss & Co.PLCE The Children’s Place, Inc.UAA Under Armour, Inc.KSS Kohl’s CorporationDECK Deckers Outdoor CorporationTPR Tapestry, Inc.TJX The TJX Companies, Inc.CROX Crocs, Inc.BKE The Buckle, Inc.COLM Columbia Sportswear CompanySHOO Steven Madden, Ltd.VFC V.F. CorporationANF Abercrombie & Fitch Co. Wolverine Worldwide, Inc.FL Foot Locker, Inc.GIL Gildan Activewear Inc.OXM Oxford Industries, Inc.MOV Movado Group, Inc.KTB Kontoor Brands, Inc.GIII G-III Apparel Group, Ltd.DBI Designer Brands Inc.GOOS Canada Goose Holdings Inc.HBI Hanesbrands Inc.DDS Dillard’s, Inc.ROST Ross Stores, Inc.NKE NIKE, Inc.CPRI Capri Holdings Limited

Peer reciprocity

Of the companies PVH Corp names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

The Estée Lauder Companies Inc. (EL) American Eagle Outfitters, Inc. (AEO) The Gap, Inc. (GAP) Macy’s, Inc. (M) Urban Outfitters, Inc. (URBN) Victoria’s Secret & Co. (VSXY) Carter’s, Inc. (CRI) lululemon athletica inc. (LULU) Ralph Lauren Corporation (RL) Caleres, Inc. (CAL) Fossil Group, Inc. (FOSL) J.Jill, Inc. (JILL) Levi Strauss & Co. (LEVI) The Children’s Place, Inc. (PLCE) Under Armour, Inc. (UAA) Kohl’s Corporation (KSS) Deckers Outdoor Corporation (DECK) Tapestry, Inc. (TPR) The TJX Companies, Inc. (TJX) Crocs, Inc. (CROX) The Buckle, Inc. (BKE) Columbia Sportswear Company (COLM) Steven Madden, Ltd. (SHOO) V.F. Corporation (VFC) Abercrombie & Fitch Co. (ANF) Foot Locker, Inc. (FL) Gildan Activewear Inc. (GIL) Oxford Industries, Inc. (OXM) Movado Group, Inc. (MOV) Kontoor Brands, Inc. (KTB)

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including PVH Corp.

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1PVH Corp2025Stefan Larsson$1,450,000$12,200,530—$2,142,230$16,165,385
—The Estée Lauder Companies Inc.——————not in coverage universe
—American Eagle Outfitters, Inc.——————not in coverage universe
—The Gap, Inc.——————not in coverage universe
—Macy’s, Inc.——————not in coverage universe
—Urban Outfitters, Inc.——————not in coverage universe
—Victoria’s Secret & Co.——————not in coverage universe
—Carter’s, Inc.——————not in coverage universe
—lululemon athletica inc.——————not in coverage universe
—Ralph Lauren Corporation——————not in coverage universe
—Caleres, Inc.——————not in coverage universe
—Fossil Group, Inc.——————not in coverage universe
—J.Jill, Inc.——————not in coverage universe
—Levi Strauss & Co.——————not in coverage universe
—The Children’s Place, Inc.——————not in coverage universe
—Under Armour, Inc.——————not in coverage universe
—Kohl’s Corporation——————not in coverage universe
—Deckers Outdoor Corporation——————not in coverage universe
—Tapestry, Inc.——————not in coverage universe
—The TJX Companies, Inc.——————not in coverage universe
—Crocs, Inc.——————not in coverage universe
—The Buckle, Inc.——————not in coverage universe
—Columbia Sportswear Company——————not in coverage universe
—Steven Madden, Ltd.——————not in coverage universe
—V.F. Corporation——————not in coverage universe
—Abercrombie & Fitch Co.——————not in coverage universe
—Foot Locker, Inc.——————not in coverage universe
—Gildan Activewear Inc.——————not in coverage universe
—Oxford Industries, Inc.——————not in coverage universe
—Movado Group, Inc.——————not in coverage universe
—Kontoor Brands, Inc.——————not in coverage universe

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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
PVH Corpnot disclosednot disclosednot disclosednot disclosed
Abercrombie & Fitch Co.not disclosednot disclosednot disclosednot disclosed
American Eagle Outfitters, Inc.not disclosednot disclosednot disclosednot disclosed
Caleres, Inc.not disclosednot disclosednot disclosednot disclosed
Carter’s, Inc.not disclosednot disclosednot disclosednot disclosed
Columbia Sportswear Companynot disclosednot disclosednot disclosednot disclosed
Crocs, Inc.not disclosednot disclosednot disclosednot disclosed
Deckers Outdoor Corporationnot disclosednot disclosednot disclosednot disclosed
Foot Locker, Inc.not disclosednot disclosednot disclosednot disclosed
Fossil Group, Inc.not disclosednot disclosednot disclosednot disclosed
Gildan Activewear Inc.not disclosednot disclosednot disclosednot disclosed
J.Jill, Inc.not disclosednot disclosednot disclosednot disclosed
Kohl’s Corporationnot disclosednot disclosednot disclosednot disclosed
Kontoor Brands, Inc.not disclosednot disclosednot disclosednot disclosed
Levi Strauss & Co.not disclosednot disclosednot disclosednot disclosed
lululemon athletica inc.not disclosednot disclosednot disclosednot disclosed
Macy’s, Inc.not disclosednot disclosednot disclosednot disclosed
Movado Group, Inc.not disclosednot disclosednot disclosednot disclosed
Oxford Industries, Inc.not disclosednot disclosednot disclosednot disclosed
Ralph Lauren Corporationnot disclosednot disclosednot disclosednot disclosed
Steven Madden, Ltd.not disclosednot disclosednot disclosednot disclosed
Tapestry, Inc.not disclosednot disclosednot disclosednot disclosed
The Buckle, Inc.not disclosednot disclosednot disclosednot disclosed
The Children’s Place, Inc.not disclosednot disclosednot disclosednot disclosed
The Estée Lauder Companies Inc.not disclosednot disclosednot disclosednot disclosed
The Gap, Inc.not disclosednot disclosednot disclosednot disclosed
The TJX Companies, Inc.not disclosednot disclosednot disclosednot disclosed
Under Armour, Inc.not disclosednot disclosednot disclosednot disclosed
Urban Outfitters, Inc.not disclosednot disclosednot disclosednot disclosed
V.F. Corporationnot disclosednot disclosednot disclosednot disclosed
Victoria’s Secret & Co.not disclosednot disclosednot disclosednot disclosed

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1837,965,6112,181,842434,21494.57%Passed
20252025-06-1841,339,2421,388,25966,82896.75%Passed
20242024-06-2050,705,889903,50840,13998.25%Passed
20232023-06-2251,547,8044,018,491154,64792.77%Passed
20222022-06-1650,590,9594,318,601149,50391.88%Passed
20212021-06-1759,982,8662,966,43080,60295.17%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.

CEO pay ratio

Ratio (CEO : median employee)689 : 1
CEO total compensation$16,165,385
Median employee compensation$23,461
Insider trades since the proxy

Equity transactions since the proxy statement are temporarily unavailable — recheck shortly.

Sources (38 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, Stefan Larsson. DEF 14A, filed 2026-05-08. Section “Summary Compensation Table” · page 60. As printed: 16,165,385. View filing ↗
  • Section 01, Eva Serrano. DEF 14A, filed 2026-05-08. Section “Summary Compensation Table” · page 60. As printed: 6,792,335. View filing ↗
  • Section 01, Zachary Coughlin. DEF 14A, filed 2026-05-08. Section “Summary Compensation Table” · page 60. As printed: 5,373,943. View filing ↗
  • Section 01, David Savman. DEF 14A, filed 2026-05-08. Section “Summary Compensation Table” · page 60. As printed: 4,442,781. View filing ↗
  • Section 01, Fredrik Olsson. DEF 14A, filed 2026-05-08. Section “Summary Compensation Table” · page 60. As printed: 3,869,751. View filing ↗
  • Section 01, Lea Rytz Goldman. DEF 14A, filed 2026-05-08. Section “Summary Compensation Table” · page 60. As printed: 3,806,127. View filing ↗
  • Section 01, Melissa Stone. DEF 14A, filed 2026-05-08. Section “Summary Compensation Table” · page 60. As printed: 1,347,230. View filing ↗
  • Section 03, David Savman RSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Eva Serrano RSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Melissa Stone RSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Melissa Stone RSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Stefan Larsson RSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Fredrik Olsson RSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Zachary Coughlin RSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Lea Rytz Goldman PSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Stefan Larsson PSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Fredrik Olsson PSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Lea Rytz Goldman RSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Zachary Coughlin PSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Savman PSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Eva Serrano PSU. DEF 14A, filed 2026-05-08. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-05-08. Section “CEO Pay Ratio”. As printed: 689 : 1. View filing ↗
  • Section 08, Michael M. Calbert. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 505,086. View filing ↗
  • Section 08, Brent Callinicos. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 335,024. View filing ↗
  • Section 08, Amy McPherson. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 325,024. View filing ↗
  • Section 08, Amanda Sourry. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 325,024. View filing ↗
  • Section 08, G. Penny McIntyre. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 305,024. View filing ↗
  • Section 08, George Cheeks. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 305,024. View filing ↗
  • Section 08, Ajay Bhalla. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 300,024. View filing ↗
  • Section 08, Jesper Andersen. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 300,024. View filing ↗
  • Section 08, Kate Gulliver. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 300,024. View filing ↗
  • Section 08, Allison Peterson. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Edward R. Rosenfeld. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Stefan Larsson. DEF 14A, filed 2026-05-08. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 1,180,000 + equity 1,820,278 + all other 0 = 3,000,278, summed across the director compensation table rows.
  • PVH Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-05-08. CEO total compensation as printed in PVH Corp's own proxy. As printed: 16,165,385. View filing ↗
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