CompBrief BY VELARION

Companies Former BL Stores

Former BL Stores (BIG): executive pay, fiscal 2023

Free brief. Every figure links to the company’s own filing.

Former BL Stores no longer files a proxy statement; its last pay data is FY2023.

All products and prices

CEO total pay$7,755,707CEO Bruce Thorn · source
Say-on-pay support74.35%Latest vote · source
CEO vs. named peers1st pct.Of 5 peer CEOs
CEO pay ratio788:1To the median employee · source

CEO pay, last three years

  • $9,042,187FY2021
  • $8,523,181FY2022
  • $7,755,707FY2023

CEO total pay was $7,755,707 in fiscal 2023, down from $8,523,181 in fiscal 2022.

FY2023: salary $1,223,077 · bonus $0 · stock awards $5,019,800 · option awards $0

Executives and directors

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bruce Thorn$1,223,077$0$5,019,800$0$1,290,240$0$222,590$7,755,707
President and Chief Executive Officer
Jonathan Ramsden753,21201,475,5840397,2860126,0152,752,097
Executive Vice President, Chief Financial and Administrative Officer
Margarita Giannantonio662,50001,297,8710349,440091,7232,401,535
Former Executive Vice President, Chief Merchandising Officer
Michael Schlonsky544,62601,066,9580229,8130129,3171,970,714
Executive Vice President, Chief Human Resources Officer
Ronald Robins Jr.544,62601,066,9580229,813079,3961,920,793
Executive Vice President, Chief Legal and Governance Officer, General Counsel and Corporate Secretary

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 officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
Bruce Thorn$7,755,707$8,523,181$9,042,187↓ −767,474
Jonathan Ramsden2,752,0972,667,7793,024,107↑ +84,318
Margarita Giannantonio2,401,535———
Michael Schlonsky1,970,7142,004,3452,244,317↓ −33,631
Ronald Robins Jr.1,920,7931,941,7712,161,646↓ −20,978

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

We determine compensation subjectively based on numerous factors. We do not benchmark or target our compensation at any particular level in relation to the compensation of the peer groups. Rather, the peer group data provides a point of reference and market check.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian
Clawback policytrue
Anti-hedging—
Anti-pledging—
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Michael SchlonskyPSU2023-03-23—44,529——$190,733
Margarita GiannantonioPSU2023-03-23—54,166——232,010
Michael SchlonskyRSU2023-03-23——44,861—450,404
Ronald Robins Jr.PSU2023-03-23—44,529——190,733
Bruce ThornPSU2023-03-23—100,000——428,333
Ronald Robins Jr.RSU2023-03-23——44,861—450,404
Jonathan RamsdenPSU2023-03-23—61,583——263,779
Margarita GiannantonioRSU2023-03-23——54,570—547,883
Bruce ThornPSU2023-03-2323,507235,074—235,0742,231,324
Jonathan RamsdenRSU2023-03-23——62,042—622,902
Michael SchlonskyPSU2023-03-234,48644,861—44,861425,822
Margarita GiannantonioPSU2023-03-235,45754,570—54,570517,978
Bruce ThornRSU2023-03-23——235,074—2,360,143
Ronald Robins Jr.PSU2023-03-234,48644,861—44,861425,822
Jonathan RamsdenPSU2023-03-236,20462,042—62,042588,903

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Michael Schlonsky$450,404$616,555$057.8%
Margarita Giannantonio547,883749,988057.8%
Ronald Robins Jr.450,404616,555057.8%
Bruce Thorn2,360,1432,659,657053.0%
Jonathan Ramsden622,902852,682057.8%

% 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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Ronald Robins Jr.RSU59,060—$343,729
Michael SchlonskyRSU59,446—345,976
Margarita GiannantonioRSU65,626—381,943
Jonathan RamsdenRSU81,920—476,774
Margarita GiannantonioPSU108,736—632,844
Ronald Robins Jr.PSU116,983—680,841
Michael SchlonskyPSU117,733—685,206
Jonathan RamsdenPSU162,255—944,324
Bruce ThornRSU311,730—1,814,269
Bruce ThornPSU480,826—2,798,407
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ms. JamisonIndependent$185,000$244,999$0—$5,000$434,999
Cynthia T. JamisonIndependent · Board Chair185,000244,999005,000434,999
Marla C. GottschalkIndependent · Not standing for re-election139,375144,9930015,000299,368
Ms. GottschalkIndependent139,375144,9930—15,000299,368
Nancy A. ReardonIndependent · Not standing for re-election120,000144,9930028,500293,493
Ms. ReardonIndependent120,000144,9930—28,500293,493
Wendy L. SchoppertIndependent132,500144,993009,400286,893
Ms. SchoppertIndependent132,500144,9930—9,400286,893
Mr. McCormickIndependent117,500144,9930—15,000277,493
Christopher J. McCormickIndependent117,500144,9930015,000277,493
Sandra Y. CamposIndependent112,500144,9930015,900273,393
Ms. CamposIndependent112,500144,9930—15,900273,393
Kimberley A. NewtonIndependent112,500144,9930015,000272,493
Ms. NewtonIndependent112,500144,9930—15,000272,493
James R. ChambersIndependent107,500144,993005,000257,493
Mr. ChambersIndependent107,500144,9930—5,000257,493
Mr. DiGrandeIndependent109,063144,9930—2,500256,556
Sebastian J. DiGrandeIndependent109,063144,993002,500256,556
Mr. KingsburyIndependent · Departed during FY3,49400003,494
Bruce K. ThornEmployee director—————0
Maureen B. ShortIndependent · Newly elected000000

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$145,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)35,000 / 25,000 / 20,000
Stock ownership guideline$425,000

Total cost of the board

ComponentFY2023
Cash retainers and fees$2,275,370
Equity awards (grant-date value)$2,809,886
All other compensation$222,600
Total cost of the board$5,307,856

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

Peer group, and who names Former BL Stores as a peer

Companies that benchmark against BIG

3 companies name BIG as a compensation peer

Each company listed discloses BIG 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 BIG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2023

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

Peer reciprocity

Of the companies Former BL Stores 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.

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 Former BL Stores.

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
1Abercrombie & Fitch2025Fran Horowitz$1,400,000$10,456,903$0$1,372,000$13,300,257
2American Eagle Outfitters2025Jay Schottenstein1,750,0006,650,0112,850,0011,071,87512,662,838
3Academy Sports & Outdoors2025Steve Lawrence1,080,2886,999,99801,438,1559,560,129
4Designer Brands2025Douglas Howe1,213,1546,116,6550575,3637,919,728
5Former BL Stores2023Bruce Thorn1,223,0775,019,80001,290,2407,755,707

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
Former BL Storesnot disclosedPSU 33.33 · RSU 33.33 · SVCA 33.33not disclosedMeridian
Abercrombie & Fitch49%PSU 50 · RSU 50Yes — Relative TSR vs. compensation peer groupSemler Brossy Consulting Group, LLC
Academy Sports & Outdoors75.7%PSU 50 · RSU 50NoFrederic W. Cook & Co, Inc. (FW Cook)
American Eagle Outfittersnot disclosedPSU 50 · Option 30 · RSU 20not disclosedFW Cook
Designer Brandsnot disclosedPSU 50 · RSU 50NoKorn Ferry

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
20242024-05-299,823,8173,388,913119,45274.35%Passed
20232023-05-2315,781,0301,990,740105,58288.8%Passed
20222022-05-2419,685,589445,939175,33597.78%Passed
20212021-05-2625,888,6311,511,19397,99394.48%Passed
20202020-06-1029,687,355438,88179,79698.54%Passed
20192019-05-3030,399,8931,872,96767,58094.2%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 yearMeeting dateApproval — company’s computation
20242024-05-2974.35%a
20232023-05-2388.8%b
20222022-05-2497.78%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

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.

CEO pay ratio

Ratio (CEO : median employee)788 : 1
CEO total compensation$7,755,707
Median employee compensation$9,846
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2023 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Michael SchlonskyExecutive Vice President2025-07-01D14,115$0$226CommonForm 4 ↗
Michael SchlonskyExecutive Vice President2025-08-08D1000CommonForm 4 ↗
Michael SchlonskyExecutive Vice President2025-08-28D63,1670114CommonForm 4 ↗
Michael SchlonskyExecutive Vice President2025-09-02D32,112010CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

Sources (61 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, Bruce Thorn. DEF 14A, filed 2024-04-19. Section “Executive Compensation”. As printed: 7,755,707. View filing ↗
  • Section 01, Jonathan Ramsden. DEF 14A, filed 2024-04-19. Section “Executive Compensation”. As printed: 2,752,097. View filing ↗
  • Section 01, Margarita Giannantonio. DEF 14A, filed 2024-04-19. Section “Executive Compensation”. As printed: 2,401,535. View filing ↗
  • Section 01, Michael Schlonsky. DEF 14A, filed 2024-04-19. Section “Executive Compensation”. As printed: 1,970,714. View filing ↗
  • Section 01, Ronald Robins Jr.. DEF 14A, filed 2024-04-19. Section “Executive Compensation”. As printed: 1,920,793. View filing ↗
  • Section 03, Michael Schlonsky PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Margarita Giannantonio PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Schlonsky RSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Ronald Robins Jr. PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Bruce Thorn PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Ronald Robins Jr. RSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jonathan Ramsden PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Margarita Giannantonio RSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Bruce Thorn PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jonathan Ramsden RSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Michael Schlonsky PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Margarita Giannantonio PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Bruce Thorn RSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Ronald Robins Jr. PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 03, Jonathan Ramsden PSU. DEF 14A, filed 2024-04-19. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2024-04-19. Section “CEO Pay Ratio”. As printed: 788 : 1. View filing ↗
  • Section 08, Ms. Jamison. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 434,999. View filing ↗
  • Section 08, Cynthia T. Jamison. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 434,999. View filing ↗
  • Section 08, Marla C. Gottschalk. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 299,368. View filing ↗
  • Section 08, Ms. Gottschalk. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 299,368. View filing ↗
  • Section 08, Nancy A. Reardon. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 293,493. View filing ↗
  • Section 08, Ms. Reardon. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 293,493. View filing ↗
  • Section 08, Wendy L. Schoppert. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 286,893. View filing ↗
  • Section 08, Ms. Schoppert. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 286,893. View filing ↗
  • Section 08, Mr. McCormick. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 277,493. View filing ↗
  • Section 08, Christopher J. McCormick. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 277,493. View filing ↗
  • Section 08, Sandra Y. Campos. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 273,393. View filing ↗
  • Section 08, Ms. Campos. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 273,393. View filing ↗
  • Section 08, Kimberley A. Newton. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 272,493. View filing ↗
  • Section 08, Ms. Newton. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 272,493. View filing ↗
  • Section 08, James R. Chambers. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 257,493. View filing ↗
  • Section 08, Mr. Chambers. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 257,493. View filing ↗
  • Section 08, Mr. DiGrande. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 256,556. View filing ↗
  • Section 08, Sebastian J. DiGrande. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 256,556. View filing ↗
  • Section 08, Mr. Kingsbury. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 3,494. View filing ↗
  • Section 08, Bruce K. Thorn. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Maureen B. Short. DEF 14A, filed 2024-04-19. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Michael Schlonsky 2025-07-01. Form 4, filed 2025-08-25. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael Schlonsky 2025-08-08. Form 4, filed 2025-08-25. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael Schlonsky 2025-08-28. Form 4, filed 2025-09-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Michael Schlonsky 2025-09-02. Form 4, filed 2025-09-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-03. Item 5.07 · say-on-pay result. As reported: 74.35% (votes for as printed: 9,823,817). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-05-30. Item 5.07 · say-on-pay result. As reported: 88.8% (votes for as printed: 15,781,030). View filing ↗
  • Section 06, 2022 vote. Form 8-K, filed 2022-05-31. Item 5.07 · say-on-pay result. As reported: 97.78% (votes for as printed: 19,685,589). 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 2,275,370 + equity 2,809,886 + all other 222,600 = 5,307,856, summed across the director compensation table rows.
  • Abercrombie & Fitch, Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Abercrombie & Fitch's own proxy. As printed: 13,300,257. View filing ↗
  • American Eagle Outfitters, Section 10b CEO total. DEF 14A, filed 2026-05-15. CEO total compensation as printed in American Eagle Outfitters's own proxy. As printed: 12,662,838. View filing ↗
  • Academy Sports & Outdoors, Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Academy Sports & Outdoors's own proxy. As printed: 9,560,129. View filing ↗
  • Designer Brands, Section 10b CEO total. DEF 14A, filed 2026-05-07. CEO total compensation as printed in Designer Brands's own proxy. As printed: 7,919,728. View filing ↗
  • Former BL Stores (subject), Section 10b CEO total. DEF 14A, filed 2024-04-19. CEO total compensation as printed in Former BL Stores's own proxy. As printed: 7,755,707. View filing ↗
  • Section 10a, American Eagle Outfitters reciprocity. DEF 14A. American Eagle Outfitters's most recent proxy was read; its disclosed peer group does not include Former BL Stores. View filing ↗
  • Section 10a, Abercrombie & Fitch reciprocity. DEF 14A. Abercrombie & Fitch's most recent proxy was read; its disclosed peer group does not include Former BL Stores. View filing ↗
  • Section 10a, Designer Brands reciprocity. DEF 14A. Designer Brands's most recent proxy was read; its disclosed peer group does not include Former BL Stores. View filing ↗
  • Section 10a, Academy Sports & Outdoors reciprocity. DEF 14A. Academy Sports & Outdoors's most recent proxy was read; its disclosed peer group does not include Former BL Stores. View filing ↗