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Companies Figs Inc

Figs (FIGS): executive pay, fiscal 2025

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CEO total pay$8,211,946CEO Catherine Spear · source
Say-on-pay support83.88%Latest vote · source
CEO vs. named peers56th pct.Of 11 peer CEOs
CEO pay ratio73:1To the median employee · source

CEO pay, last three years

  • $8,388,335FY2023
  • $4,970,064FY2024
  • $8,211,946FY2025

CEO total pay was $8,211,946 in fiscal 2025, up from $4,970,064 in fiscal 2024.

FY2025: salary $1,000,000 · bonus $1,000,000 · stock awards $4,059,324 · option awards $631,892

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Figs Inc in fiscal 2025?
As disclosed, Catherine Spear (Director, Co-Founder and Chief Executive Officer) was the highest-paid executive at Figs Inc in fiscal 2025, with total compensation of $8,211,946.
How does Figs Inc's chief executive pay compare to its disclosed peer group?
As disclosed, Catherine Spear's total compensation ranked at the 56th percentile of Figs Inc's disclosed peer group.
What is Figs Inc's CEO-to-median employee pay ratio?
As disclosed, Figs Inc's CEO-to-median employee pay ratio was 73:1.
How did shareholders vote on Figs Inc's executive compensation?
As disclosed, 83.88% of shareholders supported Figs Inc's executive compensation in the latest say-on-pay vote.
How much does Figs Inc spend in total on board compensation for fiscal 2025?
As disclosed, Figs Inc reported total board compensation of $1,567,920 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
Catherine Spear$1,000,000$1,000,000$4,059,324$631,892$1,500,000—$20,730$8,211,946
Director, Co-Founder and Chief Executive Officer
Heather Hasson006,284,3651,799,87600308,084,271
Director, Co-Founder and Executive Chairman
Sarah Oughtred502,874149,1201,537,959—447,361——2,637,314
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Catherine Spear$8,211,946$4,970,064$8,388,335↑ +3,241,882
Heather Hasson8,084,27142351↑ +8,084,229
Sarah Oughtred2,637,3144,425,959—↓ −1,788,645

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

The key objectives of our executive compensation program, as well as the compensation program for all of our employees, are to attract, motivate, reward and retain high caliber talent for their unique skills and contributions in leading and driving the success of our company, while cultivating an inclusive and diverse culture and maximizing stockholder value.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)—
Independent consultantPay Governance
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Heather HassonOPTION2025-08-12——727,097—$631,892
Heather HassonRSU2025-08-12——947,868—6,284,365
Catherine SpearRSU2025-03-04——847,458—4,059,324
Catherine SpearOPTION2025-08-12——727,097—631,892
Sarah OughtredRSU2025-03-04——321,077—1,537,959
Heather HassonOPTION2025-08-12——2,863,828—1,167,984

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Heather Hasson$6,284,365$0$1,799,8760.0%
Catherine Spear4,059,3240631,8920.0%
Sarah Oughtred1,537,959000.0%

% 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
Catherine SpearRSU190,771—$2,167,159
Sarah OughtredRSU280,943—3,191,512
Catherine SpearOption295,1407.91—
Catherine SpearRSU407,609—4,630,438
Sarah OughtredRSU451,561—5,129,733
Catherine SpearOption605,9156.63—
Heather HassonOption605,9156.63—
Catherine SpearRSU741,526—8,423,735
Heather HassonRSU888,627—10,094,803
Heather HassonOption2,625,1766.63—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Melanie WhelanIndependent · Compensation (Chair) · Nominating/Governance · Newly elected$70,000$213,701$115,000$0$0$398,701
Jerry JaoIndependent · Audit (Chair) · Compensation · Newly elected58,125176,714000234,839
J. Martin WillhiteIndependent · Compensation · Nominating/Governance (Chair)67,500150,001—00217,501
Mario MarteIndependent · Audit62,500150,001—00212,501
Jeffrey WilkeIndependent · Audit61,875150,001—00211,876
Sheila AntrumIndependent · Nominating/Governance55,000150,001—00205,001
Kenneth LinIndependent · Lead Independent Director52,500150,001—00202,501
Heather HassonEmployee director · Board Chair000—00
Catherine SpearEmployee director000—00

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$150,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline—

Total cost of the board

ComponentFY2025
Cash retainers and fees$427,500
Equity awards (grant-date value)$1,140,420
All other compensation$0
Total cost of the board$1,567,920

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

Peer group, and who names Figs as a peer

Companies that benchmark against FIGS

4 companies name FIGS as a compensation peer

Each company listed discloses FIGS 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 FIGS 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

The companies Figs Inc names as compensation peers that name it back in their own disclosed peer groups.

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
1Etsy, Inc.2025Josh Silverman$690,137$15,814,539$737,591$729,120$18,072,322
2The Buckle, Inc.2025Dennis Nelson1,300,0005,713,2000011,706,282
3Warby Parker Inc.2025Neil Blumenthal575,0008,408,680009,000,180
4Stitch Fix, Inc.2026Matt Baer965,3855,879,50201,701,2508,560,536
5Figs Inc2025Catherine Spear1,000,0004,059,324631,8921,500,0008,211,946
6Yeti Holdings, Inc.2025Matthew Reintjes1,057,3085,500,18701,126,0337,697,528
7Boot Barn Holdings, Inc.2026John Hazen894,2314,100,16001,634,2116,661,922
8J. Jill, Inc.2025Mary Ellen Coyne757,6922,966,07701,000,0006,631,220
9The Honest Company, Inc.2025Carla Vernón773,4623,139,1660219,8004,145,946
10Revolve Group, Inc.2025Mike Karanikolas450,000000484,573
—Canada Goose Holdings 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
Figs Inc200%RSU 100not disclosedPay Governance
Boot Barn Holdings, Inc.not disclosedPSU 50 · RSU 50not disclosedKorn Ferry
Canada Goose Holdings Inc.not disclosednot disclosednot disclosednot disclosed
Etsy, Inc.87%PSU 50 · RSU 50Yes — Relative TSRCompensia, Inc.
J. Jill, Inc.not disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Revolve Group, Inc.175%Options 100not disclosednot disclosed
Stitch Fix, Inc.not disclosedRSU 50 · PSU 50not disclosedMeridian Compensation Partners, LLC
The Buckle, Inc.not disclosednot disclosednot disclosednot disclosed
The Honest Company, Inc.28%RSU 100not disclosedSemler Brossy
Warby Parker Inc.73.0%PSU 50 · RSU 50Yes — Relative TSRSemler Brossy
Yeti Holdings, Inc.71.0%PBRSU 75 · RSU 25Yes — Relative Total Stockholder Return (TSR)FW Cook

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
20262026-06-03241,013,86446,312,8791,229,67583.88%Passed
20252025-06-04280,851,5446,295,4211,411,30797.81%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
20262026-06-0383.88%a
20252025-06-0497.81%b

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect.”.

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)73 : 1
CEO total compensation$8,211,946
Median employee compensation$113,195
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Heather HassonDirector2026-05-04D32,385$14$464,203CommonForm 4 ↗
Sarah OughtredChief Financial Officer2026-05-04D23,59714338,237CommonForm 4 ↗
Melanie WhelanDirector2026-05-12A22,86300Derivative, Class A CommonForm 4 ↗
J. Martin WillhiteDirector2026-06-03A15,45600CommonForm 4 ↗
Kenneth LinDirector2026-06-03A15,45600CommonForm 4 ↗
Jerry JaoDirector2026-06-03A15,45600CommonForm 4 ↗
Jeffrey WilkeDirector2026-06-03A15,45600CommonForm 4 ↗
Mario MarteDirector2026-06-03A15,45600CommonForm 4 ↗
Sheila AntrumDirector2026-06-03A15,45600CommonForm 4 ↗
Melanie WhelanDirector2026-06-03A15,45600CommonForm 4 ↗
Heather HassonDirector2026-07-01D6,8131068,471CommonForm 4 ↗
Catherine SpearDirector2026-07-01D61,55610618,638CommonForm 4 ↗
Sarah OughtredChief Financial Officer2026-07-01D22,19710223,080CommonForm 4 ↗
Sarah OughtredChief Financial Officer2026-08-05D21,96211239,825CommonForm 4 ↗
Heather HassonDirector2026-08-05D30,14211329,151CommonForm 4 ↗
Sarah OughtredChief Financial Officer2026-10-01D22,19614312,520CommonForm 4 ↗
Heather HassonDirector2026-10-01D6,8121495,913CommonForm 4 ↗
Catherine SpearDirector2026-10-01D61,55414866,680CommonForm 4 ↗
Heather HassonDirector2026-11-02D30,14121641,702CommonForm 4 ↗
Sarah OughtredChief Financial Officer2026-11-02D21,96221467,571CommonForm 4 ↗
Catherine SpearDirector2026-11-09D900,00000Derivative, Class A CommonForm 4 ↗
Catherine SpearDirector2026-11-09D7,695,00000Derivative, Class A CommonForm 4 ↗
Catherine SpearDirector2026-11-09D4,044,2842079,672,395CommonForm 4 ↗
Catherine SpearDirector2026-11-09D4,550,7162298,204,451CommonForm 4 ↗
Catherine SpearDirector2026-11-09A900,00011,233,000CommonForm 4 ↗
Catherine SpearDirector2026-11-09A7,695,00016,540,750CommonForm 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, Catherine Spear. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 44. As printed: 8,211,946. View filing ↗
  • Section 01, Heather Hasson. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 44. As printed: 8,084,271. View filing ↗
  • Section 01, Sarah Oughtred. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 44. As printed: 2,637,314. View filing ↗
  • Section 03, Heather Hasson OPTION. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Heather Hasson RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Catherine Spear RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Catherine Spear OPTION. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Sarah Oughtred RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Heather Hasson OPTION. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-23. Section “CEO Pay Ratio”. As printed: 73 : 1. View filing ↗
  • Section 08, Melanie Whelan. DEF 14A, filed 2026-04-23. Section “Director Compensation”. As printed: 398,701. View filing ↗
  • Section 08, Jerry Jao. DEF 14A, filed 2026-04-23. Section “Director Compensation”. As printed: 234,839. View filing ↗
  • Section 08, J. Martin Willhite. DEF 14A, filed 2026-04-23. Section “Director Compensation”. As printed: 217,501. View filing ↗
  • Section 08, Mario Marte. DEF 14A, filed 2026-04-23. Section “Director Compensation”. As printed: 212,501. View filing ↗
  • Section 08, Jeffrey Wilke. DEF 14A, filed 2026-04-23. Section “Director Compensation”. As printed: 211,876. View filing ↗
  • Section 08, Sheila Antrum. DEF 14A, filed 2026-04-23. Section “Director Compensation”. As printed: 205,001. View filing ↗
  • Section 08, Kenneth Lin. DEF 14A, filed 2026-04-23. Section “Director Compensation”. As printed: 202,501. View filing ↗
  • Section 08, Heather Hasson. DEF 14A, filed 2026-04-23. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Catherine Spear. DEF 14A, filed 2026-04-23. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Heather Hasson 2026-05-04. Form 4, filed 2026-05-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sarah Oughtred 2026-05-04. Form 4, filed 2026-05-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Melanie Whelan 2026-05-12. Form 4, filed 2026-05-14. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, J. Martin Willhite 2026-06-03. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Kenneth Lin 2026-06-03. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jerry Jao 2026-06-03. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Jeffrey Wilke 2026-06-03. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Mario Marte 2026-06-03. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sheila Antrum 2026-06-03. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Melanie Whelan 2026-06-03. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Heather Hasson 2026-07-01. Form 4, filed 2026-07-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Catherine Spear 2026-07-01. Form 4, filed 2026-07-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sarah Oughtred 2026-07-01. Form 4, filed 2026-07-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sarah Oughtred 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Heather Hasson 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sarah Oughtred 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Heather Hasson 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Catherine Spear 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Heather Hasson 2026-11-02. Form 4, filed 2026-11-04. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Sarah Oughtred 2026-11-02. Form 4, filed 2026-11-04. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Catherine Spear 2026-11-09. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Catherine Spear 2026-11-09. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Catherine Spear 2026-11-09. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Catherine Spear 2026-11-09. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Catherine Spear 2026-11-09. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Catherine Spear 2026-11-09. Form 4, filed 2026-11-09. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-08. Item 5.07 · say-on-pay result. As reported: 83.88% (votes for as printed: 241,013,864). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-06-09. Item 5.07 · say-on-pay result. As reported: 97.81% (votes for as printed: 280,851,544). 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 427,500 + equity 1,140,420 + all other 0 = 1,567,920, summed across the director compensation table rows.
  • 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 ↗
  • The Buckle, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in The Buckle, Inc.'s own proxy. As printed: 11,706,282. View filing ↗
  • Warby Parker Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Warby Parker Inc.'s own proxy. As printed: 9,000,180. View filing ↗
  • Stitch Fix, Inc., Section 10b CEO total. DEF 14A, filed 2026-11-03. CEO total compensation as printed in Stitch Fix, Inc.'s own proxy. As printed: 8,560,536. View filing ↗
  • Figs Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Figs Inc's own proxy. As printed: 8,211,946. View filing ↗
  • Yeti Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Yeti Holdings, Inc.'s own proxy. As printed: 7,697,528. View filing ↗
  • Boot Barn Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-16. CEO total compensation as printed in Boot Barn Holdings, Inc.'s own proxy. As printed: 6,661,922. View filing ↗
  • J. Jill, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in J. Jill, Inc.'s own proxy. As printed: 6,631,220. View filing ↗
  • The Honest Company, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in The Honest Company, Inc.'s own proxy. As printed: 4,145,946. View filing ↗
  • Revolve Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Revolve Group, Inc.'s own proxy. As printed: 484,573. View filing ↗
  • Section 10a, Warby Parker Inc. reciprocity. DEF 14A. Warby Parker Inc. names Figs Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗
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