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Companies Chewy, Inc.

Chewy (CHWY): executive pay, fiscal 2025

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CEO total pay$25,721,751CEO Sumit Singh · source
Say-on-pay support92.96%Latest vote · source
CEO vs. named peers63rd pct.Of 16 peer CEOs
CEO pay ratio579:1To the median employee · source

CEO pay, last three years

  • $35,186,195FY2023
  • $29,317,400FY2024
  • $25,721,751FY2025

CEO total pay was $25,721,751 in fiscal 2025, down from $29,317,400 in fiscal 2024.

FY2025: salary $1,200,000 · bonus $0 · stock awards $20,004,002 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Chewy, Inc. in fiscal 2025?
As disclosed, Sumit Singh (Chief Executive Officer) was the highest-paid executive at Chewy, Inc. in fiscal 2025, with total compensation of $25,721,751.
How does Chewy, Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Sumit Singh's total compensation ranked at the 63rd percentile of Chewy, Inc.'s disclosed peer group.
What is Chewy, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Chewy, Inc.'s CEO-to-median employee pay ratio was 579:1.
How did shareholders vote on Chewy, Inc.'s executive compensation?
As disclosed, 92.96% of shareholders supported Chewy, Inc.'s executive compensation in the latest say-on-pay vote.
How much does Chewy, Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Chewy, Inc. reported total board compensation of $1,581,037 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
Sumit Singh$1,200,000$0$20,004,002$0$3,183,480$0$1,334,269$25,721,751
Chief Executive Officer
David Reeder263,07709,900,0030001,38510,164,465
Former Chief Financial Officer
Satish Mehta475,00004,037,50200010,5004,523,002
Former Chief Technology Officer
William Billings400,00001,100,0000583,638018,3002,101,938
Chief Accounting Officer and Former interim Principal 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Sumit Singh$25,721,751$29,317,400$35,186,195↓ −3,595,649
David Reeder10,164,46527,845,066—↓ −17,680,601
Satish Mehta4,523,0025,869,98811,662,644↓ −1,346,986
William Billings2,101,938———

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

Our executive compensation program is designed to align total compensation with Company performance, while enabling us to attract, retain and motivate individuals who can achieve sustained long-term growth and strong financial performance for our stockholders. Our pay-for-performance compensation philosophy and practices are intended to increase stockholder value. As a result, NEO compensation is heavily weighted towards providing equity awards that incentivize long-term stock price appreciation.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)—
Independent consultantSemler Brossy
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
William BillingsRSU2025-04-08——25,377—$825,000
William BillingsPSU2025-04-088468,459—16,918275,000
Sumit SinghRSU2025-04-08——307,660—10,002,001
Satish MehtaRSU2025-04-08——62,097—2,018,751
Satish MehtaPSU2025-04-086,21062,097—124,1942,018,751
David ReederPSU2025-04-0815,226152,261—304,5224,950,001
Sumit SinghPSU2025-04-0830,766307,660—615,32010,002,001
David ReederRSU2025-04-08——152,261—4,950,001

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
William Billings$825,000$275,000$025.0%
Sumit Singh10,002,00110,002,001050.0%
Satish Mehta2,018,7512,018,751050.0%
David Reeder4,950,0014,950,001050.0%

% 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
Satish MehtaPSU62,097—$1,807,644
Satish MehtaRSU301,211—8,768,252
Sumit SinghPSU307,660—8,955,983
Sumit SinghRSU1,492,317—43,441,348
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
James NelsonIndependent$108,750$186,063$0$0$0$294,813
Kristine DicksonIndependent88,750186,063000274,813
James A. StarIndependent88,750186,063000274,813
Martin H. NesbittIndependent68,750186,063000254,813
Deborah EllingerIndependent60,701186,063000246,764
Nat GoldhaberIndependent48,958186,063000235,021

Board fee structure and ownership guideline

Annual cash retainer$68,750
Annual equity retainer$206,250
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 20,000
Stock ownership guidelineAll NEOs and independent directors have been subject to the Stock Ownership Guidelines for less than five (5) years and are in the transition period for compliance with the Stock Ownership Guidelines.

Total cost of the board

ComponentFY2025
Cash retainers and fees$464,659
Equity awards (grant-date value)$1,116,378
All other compensation$0
Total cost of the board$1,581,037

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

Peer group, and who names Chewy as a peer

Companies that benchmark against CHWY

6 companies name CHWY as a compensation peer

Each company listed discloses CHWY 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 CHWY 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 2025

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 Chewy, Inc. 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 Chewy, Inc..

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
1Wayfair Inc.2025Niraj Shah$80,000$280,557,500$0$0$280,847,068
2Booking Holdings, Inc.2025Glenn Fogel1,250,00026,202,27904,042,50035,418,102
3Williams-Sonoma, Inc.2025Laura Alber1,600,00018,999,797012,500,00033,297,422
4Tractor Supply Company2025Harry Lawton III1,344,23126,937,3832,311,7401,635,83732,277,194
5Maplebear, Inc. (DBA Instacart)2025Chris Rogers742,04628,432,1830267,80429,847,540
6eBay Inc.2025Jamie Iannone1,000,00023,518,310—3,570,00028,463,890
7Chewy, Inc.2025Sumit Singh1,200,00020,004,00203,183,48025,721,751
8Etsy, Inc.2025Josh Silverman690,13715,814,539737,591729,12018,072,322
9Expedia Group, Inc.2025Ariane Gorin1,254,80815,689,8000017,592,584
10Best Buy Co., Inc.2026Corie Barry1,300,00013,699,94702,185,82017,346,126
11Ulta Beauty, Inc.2025Kecia Steelman1,350,0034,792,8774,792,5564,383,97215,403,663
12Petco Health and Wellness Company, Inc.2025Joel Anderson1,300,0008,875,0042,125,0002,056,99714,366,907
13Signet Jewelers Limited2026J.k. Symancyk1,400,0007,627,98402,206,02212,016,187
14Carvana Co.2025Ernest C. Garcia, III961,6747,419,121008,382,555
15Bath & Body Works, Inc.2025Daniel Heaf913,8465,043,7710358,9536,587,902
16DoorDash, Inc.2025Tony Xu300,000000431,864
—Spotify Technology SA——————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
Chewy, Inc.176.86%RSU 50 · PSU 50NoSemler Brossy
Bath & Body Works, Inc.32.2%not disclosedYes — relative TSR assessed against the companies listed in the S&P Composite 1500 Consumer Discretionary Distribution & Retail IndexMeridian Compensation Partners, LLC
Best Buy Co., Inc.84.07%PSU 50 · RSU 50Yes — total shareholder return (TSR) relative to the S&P 500 Index constituentsnot disclosed
Booking Holdings, Inc.162%PSU 60 · RSU 40Yes — Relative Total Stockholder Return (rTSR)Semler Brossy
Carvana Co.not disclosedRSU 100not disclosedKorn Ferry
DoorDash, Inc.not disclosedRSU 100not disclosedSemler Brossy Consulting Group LLC
eBay Inc.179%not disclosedYes — Relative total shareholder return (rTSR)Pay Governance
Etsy, Inc.87%PSU 50 · RSU 50Yes — Relative TSRCompensia, Inc.
Expedia Group, Inc.not disclosedPSU 50 · RSU 50NoCompensia, Inc.
Maplebear, Inc. (DBA Instacart)not disclosedRSU 100not disclosedCompensia
Petco Health and Wellness Company, Inc.not disclosedRSU 50 · PSU 25 · Option 25not disclosedExequity
Signet Jewelers Limited92.69%PSU 50 · RSU 50NoSemler Brossy
Spotify Technology SAnot disclosednot disclosednot disclosednot disclosed
Tractor Supply Company80.8%PSU 50 · Options 25 · RSU 25NoPearl Meyer & Partners, LLC
Ulta Beauty, Inc.not disclosedOption 50 · RSU 50not disclosedPay Governance LLC
Wayfair Inc.not disclosednot disclosedNoCompensia
Williams-Sonoma, Inc.157.9%PSU 63 · RSU 37NoPay Governance LLC

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
20262026-07-091,798,089,225136,154,944377,07592.96%Passed
20252025-07-101,916,973,994115,189,5666,112,82894.05%Passed
20242024-07-112,752,091,93564,190,9947,747,01697.45%Passed
20232023-07-143,181,812,2531,988,4025,553,44099.76%Passed
20222022-07-143,176,710,97712,196,545154,19099.61%Passed
20212021-07-143,185,789,5291,947,34898,98999.94%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
20262026-07-0992.96%a
20252025-07-1094.05%b
20242024-07-1197.45%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions are considered shares present and entitled to vote on this proposal and will have the same effect as a vote "Against" this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions are considered shares present and entitled to vote on this proposal and 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.

CEO pay ratio

Ratio (CEO : median employee)579 : 1
CEO total compensation—
Median employee compensation$44,389
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (54 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, Sumit Singh. DEF 14A, filed 2026-05-22. Section “2025 Summary Compensation Table” · page 41. As printed: 25,721,751. View filing ↗
  • Section 01, David Reeder. DEF 14A, filed 2026-05-22. Section “2025 Summary Compensation Table”. As printed: 10,164,465. View filing ↗
  • Section 01, Satish Mehta. DEF 14A, filed 2026-05-22. Section “2025 Summary Compensation Table”. As printed: 4,523,002. View filing ↗
  • Section 01, William Billings. DEF 14A, filed 2026-05-22. Section “2025 Summary Compensation Table”. As printed: 2,101,938. View filing ↗
  • Section 03, William Billings RSU. DEF 14A, filed 2026-05-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, William Billings PSU. DEF 14A, filed 2026-05-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sumit Singh RSU. DEF 14A, filed 2026-05-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Satish Mehta RSU. DEF 14A, filed 2026-05-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Satish Mehta PSU. DEF 14A, filed 2026-05-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Reeder PSU. DEF 14A, filed 2026-05-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Sumit Singh PSU. DEF 14A, filed 2026-05-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Reeder RSU. DEF 14A, filed 2026-05-22. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A. Section “CEO Pay Ratio”. As printed: 579 : 1. View filing ↗
  • Section 08, James Nelson. DEF 14A, filed 2026-05-22. Section “Director Compensation”. As printed: 294,813. View filing ↗
  • Section 08, Kristine Dickson. DEF 14A, filed 2026-05-22. Section “Director Compensation”. As printed: 274,813. View filing ↗
  • Section 08, James A. Star. DEF 14A, filed 2026-05-22. Section “Director Compensation”. As printed: 274,813. View filing ↗
  • Section 08, Martin H. Nesbitt. DEF 14A, filed 2026-05-22. Section “Director Compensation”. As printed: 254,813. View filing ↗
  • Section 08, Deborah Ellinger. DEF 14A, filed 2026-05-22. Section “Director Compensation”. As printed: 246,764. View filing ↗
  • Section 08, Nat Goldhaber. DEF 14A, filed 2026-05-22. Section “Director Compensation”. As printed: 235,021. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-07-13. Item 5.07 · say-on-pay result. As reported: 92.96% (votes for as printed: 1,798,089,225). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-07-15. Item 5.07 · say-on-pay result. As reported: 94.05% (votes for as printed: 1,916,973,994). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-07-12. Item 5.07 · say-on-pay result. As reported: 97.45% (votes for as printed: 2,752,091,935). 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 464,659 + equity 1,116,378 + all other 0 = 1,581,037, summed across the director compensation table rows.
  • Wayfair Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Wayfair Inc.'s own proxy. As printed: 280,847,068. View filing ↗
  • Booking Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-21. CEO total compensation as printed in Booking Holdings, Inc.'s own proxy. As printed: 35,418,102. View filing ↗
  • Williams-Sonoma, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-06. CEO total compensation as printed in Williams-Sonoma, Inc.'s own proxy. As printed: 33,297,422. View filing ↗
  • Tractor Supply Company, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Tractor Supply Company's own proxy. As printed: 32,277,194. View filing ↗
  • Maplebear, Inc. (DBA Instacart), Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Maplebear, Inc. (DBA Instacart)'s own proxy. As printed: 29,847,540. View filing ↗
  • eBay Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in eBay Inc.'s own proxy. As printed: 28,463,890. View filing ↗
  • Chewy, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-05-22. CEO total compensation as printed in Chewy, Inc.'s own proxy. As printed: 25,721,751. View filing ↗
  • Etsy, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-17. CEO total compensation as printed in Etsy, Inc.'s own proxy. As printed: 18,072,322. View filing ↗
  • Expedia Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Expedia Group, Inc.'s own proxy. As printed: 17,592,584. View filing ↗
  • Best Buy Co., Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Best Buy Co., Inc.'s own proxy. As printed: 17,346,126. View filing ↗
  • Ulta Beauty, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in Ulta Beauty, Inc.'s own proxy. As printed: 15,403,663. View filing ↗
  • Petco Health and Wellness Company, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-14. CEO total compensation as printed in Petco Health and Wellness Company, Inc.'s own proxy. As printed: 14,366,907. View filing ↗
  • Signet Jewelers Limited, Section 10b CEO total. DEF 14A, filed 2026-05-14. CEO total compensation as printed in Signet Jewelers Limited's own proxy. As printed: 12,016,187. View filing ↗
  • Carvana Co., Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Carvana Co.'s own proxy. As printed: 8,382,555. View filing ↗
  • Bath & Body Works, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Bath & Body Works, Inc.'s own proxy. As printed: 6,587,902. View filing ↗
  • DoorDash, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in DoorDash, Inc.'s own proxy. As printed: 431,864. View filing ↗
  • Section 10a, Tractor Supply Company reciprocity. DEF 14A. Tractor Supply Company's most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
  • Section 10a, Williams-Sonoma, Inc. reciprocity. DEF 14A. Williams-Sonoma, Inc.'s most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
  • Section 10a, Carvana Co. reciprocity. DEF 14A. Carvana Co. names Chewy, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Expedia Group, Inc. reciprocity. DEF 14A. Expedia Group, Inc. names Chewy, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Signet Jewelers Limited reciprocity. DEF 14A. Signet Jewelers Limited's most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
  • Section 10a, Bath & Body Works, Inc. reciprocity. DEF 14A. Bath & Body Works, Inc.'s most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
  • Section 10a, Best Buy Co., Inc. reciprocity. DEF 14A. Best Buy Co., Inc.'s most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
  • Section 10a, Booking Holdings, Inc. reciprocity. DEF 14A. Booking Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
  • Section 10a, DoorDash, Inc. reciprocity. DEF 14A. DoorDash, Inc.'s most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
  • Section 10a, Etsy, Inc. reciprocity. DEF 14A. Etsy, Inc.'s most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
  • Section 10a, Maplebear, Inc. (DBA Instacart) reciprocity. DEF 14A. Maplebear, Inc. (DBA Instacart)'s most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
  • Section 10a, Petco Health and Wellness Company, Inc. reciprocity. DEF 14A. Petco Health and Wellness Company, Inc. names Chewy, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, ULTA Beauty, Inc. reciprocity. DEF 14A. ULTA Beauty, Inc.'s most recent proxy was read; its disclosed peer group does not include Chewy, Inc.. View filing ↗
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