Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-07-15

Hanesbrands (HBI)

Fiscal year 2024 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$12,933,300
Stephen Bratspies total, FY2024
42nd
CEO pay percentile vs peers
CEO-to-median pay ratio
Say-on-pay support, latest vote
Companies that benchmark against HBI
14 companies name HBI as a compensation peer

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

01

Summary Compensation Table — fiscal year 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Stephen Bratspies$1,250,000$0$8,284,399$0$3,306,739$0$92,162$12,933,300
Chief Executive Officer
Joseph Cavaliere804,16702,351,70301,329,585094,6844,580,139
President, Innerwear-Global
Vanessa LeFebvre562,50001,336,1940930,0200798,0333,626,747
Former President, Activewear-Global
Michael Faircloth705,19101,540,93501,165,94050,5303,462,596
EVP, President, Global Operations
Kristin Oliver630,00001,336,19401,041,623047,8403,055,657
EVP, Chief HR Officer and Chief Legal 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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Stephen Bratspies$12,933,300$9,814,077+3,119,223
Joseph Cavaliere4,580,139
Vanessa LeFebvre3,626,747
Michael Faircloth3,462,596
Kristin Oliver3,055,657

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Stephen BratspiesPSU469,128$3,860,923
Kristin OliverPSU279,8502,303,166
Joseph CavaliereRSU164,1791,351,193
Joseph CavaliereRSU89,226734,330
Stephen BratspiesRSU80,878655,626
Kristin OliverRSU42,950353,479
Joseph CavaliereRSU17,741146,008
Michael FairclothPSU13,434110,562
Michael FairclothRSU4,47836,854
Kristin OliverRSU21,670178,344
Stephen BratspiesRSU578,3584,759,886
Kristin OliverRSU93,284767,727
Stephen BratspiesRSU314,3162,586,821
Joseph CavalierePSU133,1721,096,006
Michael FairclothPSU83,656688,489
Kristin OliverPSU64,104527,576
Joseph CavaliereRSU34,786286,289
Stephen BratspiesPSU1,735,07414,279,659
Joseph CavalierePSU492,5384,053,588
Michael FairclothRSU56,050461,292
Michael FairclothPSU309,4022,546,378
Stephen BratspiesRSU158,5851,305,155
Michael FairclothRSU28,279232,736
Michael FairclothRSU103,134848,793
Michael FairclothRSU14,423118,701
Kristin OliverRSU11,05290,958
05

Incentive-plan design — the Compensation Discussion & Analysis

At Hanesbrands, we emphasize a pay-for-performance culture, linking a substantial percentage of an executive's compensation to our performance and stockholders' value growth. Specifically: We provide annual incentives designed to reward our NEOs for the attainment of short-term goals, and long-term incentives designed to reward increasing stockholder value over the long term. Performance-based and at-risk compensation represents approximately 88% of our Chief Executive Officer's total target direct compensation, reflecting the position's highest level of accountability and responsibility for results and approximately 75% of the average total target direct compensation for our other NEOs.

CEO STI target (% of salary)160%
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
William S. SimonIndependent · Board Chair$285,000$154,999$0$0$439,999
Geralyn R. BreigIndependent · Governance and Nominating (Chair) · Audit140,000154,99900294,999
Robert F. MoranIndependent · Audit (Chair) · Talent and Compensation137,500154,99900292,499
James C. JohnsonIndependent · Talent and Compensation (Chair) · Governance and Nominating137,500154,99900292,499
Franck J. MoisonIndependent · Audit · Talent and Compensation117,500154,99900272,499
Natasha C. ChandIndependent · Governance and Nominating · Talent and Compensation115,000154,99900269,999
Colin BrowneIndependent · Audit115,000154,99900269,999
John G. MehasIndependent · Talent and Compensation112,500154,99900267,499
Mark A. IrvinIndependent · Governance and Nominating112,500154,99900267,499
09

Board fee structure and ownership guideline

Annual cash retainer$110,000
Annual equity retainer$155,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 25,000
Stock ownership guideline5x annual cash retainer
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$1,272,500
Equity awards (grant-date value)$1,394,991
All other compensation$0
Total cost of the board$2,667,491

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

10

Disclosed peer group — fiscal year 2024

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

10a

Peer reciprocity

Of the companies Hanesbrands 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 Hanesbrands.

10b

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
1Lululemon Athletica Inc.2025Calvin McDonald$1,393,269$7,800,001$13,800,030$994,794$24,023,294
2Ralph Lauren Corporation2026Patrice Louvet1,350,00013,710,17908,100,00023,264,269
3V.F. Corporation2026Bracken Darrell1,300,00014,536,58102,870,40018,946,597
4Tapestry, Inc.2025Joanne Crevoiserat1,400,0006,573,6793,999,9995,303,20017,340,349
5The Gap, Inc.2025Richard Dickson1,400,00010,891,24204,435,63817,185,636
6PVH Corp.2025Stefan Larsson1,450,00012,200,53002,142,23016,165,385
7Levi Strauss & Co.2025Michelle Gass1,475,0008,129,3183,144,8993,032,96916,145,173
8Hanesbrands2024Stephen Bratspies1,250,0008,284,39903,306,73912,933,300
9Foot Locker, Inc.2024Mary Dillon1,431,25011,000,0470012,501,074
10Newell Brands Inc.2025Christopher Peterson1,341,6678,999,99301,878,33312,497,912
11Capri Holdings Ltd.2026John Idol1,350,0004,999,99405,400,00011,909,990
12Under Armour, Inc.2026Kevin Plank903,4629,040,000510,0001,128,15011,597,975
13Bath and Body Works, Inc.2025Daniel Heaf913,8465,043,7710358,9536,587,902
American Eagle Outfitters, Inc.not in coverage universe
Gildan Activewear, 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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Hanesbrands165.34%PSU 60 · RSU 40Yes — 3-Year rTSR (3-Year Cumulative)FW Cook
American Eagle Outfitters, Inc.not disclosednot disclosednot disclosednot disclosed
Bath and Body Works, Inc.32.2%PSU 60 · RSU 40Yes — relative TSR assessed against the companies listed in the S&P Composite 1500 Consumer Discretionary Distribution & Retail IndexMeridian Compensation Partners, LLC
Capri Holdings Ltd.200%RSU 100not disclosedWillis Towers Watson (WTW)
Foot Locker, Inc.not disclosedPSU 60 · RSU 40Yes — rTSRCompensation Advisory Partners
Gildan Activewear, Inc.not disclosednot disclosednot disclosednot disclosed
Kontoor Brands Inc.not disclosednot disclosednot disclosednot disclosed
Levi Strauss & Co.110%PSU 50 · Options 25 · RSU 25Yes — Relative TSRSemler Brossy
Lululemon Athletica Inc.35.7%PSU 60 · RSU 20 · Options 20NoWTW (Willis Towers Watson)
Newell Brands Inc.80%PSU 50 · RSU 50NoPearl Meyer
PVH Corp.73.87%PSU 50 · RSU 50Yes — relative TSRFrederic W. Cook & Co. (FW Cook)
Ralph Lauren Corporation200%PSU 50 · RSU 50Yes — Relative TSRKorn Ferry
Tapestry, Inc.189.4%Options 40 · PSU 40 · RSU 20Yes — Relative TSRFrederic W. Cook and Co., Inc.
The Gap, Inc.158%PSU 67 · RSU 33NoFrederic W. Cook & Co., Inc.
Under Armour, Inc.60%RSU 100NoWillis Towers Watson
V.F. Corporation110.4%RSU 100Yes — Three-Year rTSR Modifier (FY2025-2027 PRSU)Meridian Compensation Partners, 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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Stephen BratspiesDEF 14A2025-03-170001104659-25-024433Section “Fiscal 2024 Summary Compensation Table”. As printed: 12,933,300. Filing ↗machine: span 1485257–1485267
2Section 01, Joseph CavaliereDEF 14A2025-03-170001104659-25-024433Section “Summary Compensation Table”. As printed: 4,580,139. Filing ↗machine: r7 · c54 · span 1527174–1527183
3Section 01, Vanessa LeFebvreDEF 14A2025-03-170001104659-25-024433Section “Summary Compensation Table”. As printed: 3,626,747. Filing ↗machine: r10 · c54 · span 1548122–1548131
4Section 01, Michael FairclothDEF 14A2025-03-170001104659-25-024433Section “Summary Compensation Table”. As printed: 3,462,596. Filing ↗machine: r12 · c54 · span 1562432–1562441
5Section 01, Kristin OliverDEF 14A2025-03-170001104659-25-024433Section “Summary Compensation Table”. As printed: 3,055,657. Filing ↗machine: r15 · c54 · span 1583281–1583290
6Section 08, William S. SimonDEF 14A2025-03-170001104659-25-024433Section “Director Compensation”. As printed: 439,999. Filing ↗machine: t71 · r5 · c13 · span 785238–785245
7Section 08, Geralyn R. BreigDEF 14A2025-03-170001104659-25-024433Section “Director Compensation”. As printed: 294,999. Filing ↗machine: t71 · r3 · c13 · span 780098–780105
8Section 08, Robert F. MoranDEF 14A2025-03-170001104659-25-024433Section “Director Compensation”. As printed: 292,499. Filing ↗machine: t71 · r2 · c13 · span 777528–777535
9Section 08, James C. JohnsonDEF 14A2025-03-170001104659-25-024433Section “Director Compensation”. As printed: 292,499. Filing ↗machine: t71 · r1 · c13 · span 774959–774966
10Section 08, Franck J. MoisonDEF 14A2025-03-170001104659-25-024433Section “Director Compensation”. As printed: 272,499. Filing ↗machine: t71 · r4 · c13 · span 782668–782675
11Section 08, Natasha C. ChandDEF 14A2025-03-170001104659-25-024433Section “Director Compensation”. As printed: 269,999. Filing ↗machine: t71 · r8 · c13 · span 792969–792976
12Section 08, Colin BrowneDEF 14A2025-03-170001104659-25-024433Section “Director Compensation”. As printed: 269,999. Filing ↗machine: t71 · r7 · c13 · span 790371–790378
13Section 08, John G. MehasDEF 14A2025-03-170001104659-25-024433Section “Director Compensation”. As printed: 267,499. Filing ↗machine: t73 · r1 · c13 · span 800611–800618
14Section 08, Mark A. IrvinDEF 14A2025-03-170001104659-25-024433Section “Director Compensation”. As printed: 267,499. Filing ↗machine: t71 · r6 · c13 · span 787805–787812
15Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
16Section 09b board cost (computed)ComputedcomputedCash 1,272,500 + equity 1,394,991 + all other 0 = 2,667,491, summed across the director compensation table rows.machine: formula: Σ = 2,667,491
17Lululemon Athletica Inc., Section 10b CEO totalDEF 14A2026-05-180001213900-26-058095CEO total compensation as printed in Lululemon Athletica Inc.'s own proxy. As printed: 24,023,294. Filing ↗machine: t70 · r3 · c8 · span 1864711–1864721
18Ralph Lauren Corporation, Section 10b CEO totalDEF 14A2026-06-180001140361-26-025788CEO total compensation as printed in Ralph Lauren Corporation's own proxy. As printed: 23,264,269. Filing ↗machine: t486 · r5 · c19 · span 2002568–2002578
19V.F. Corporation, Section 10b CEO totalDEF 14A2026-06-150001193125-26-270610CEO total compensation as printed in V.F. Corporation's own proxy. As printed: 18,946,597. Filing ↗machine: t199 · span 1042203–1042213
20Tapestry, Inc., Section 10b CEO totalDEF 14A2025-09-260001140361-25-036303CEO total compensation as printed in Tapestry, Inc.'s own proxy. As printed: 17,340,349. Filing ↗machine: t223 · r2 · c25 · span 1671584–1671594
21The Gap, Inc., Section 10b CEO totalDEF 14A2026-03-270001628280-26-021740CEO total compensation as printed in The Gap, Inc.'s own proxy. As printed: 17,185,636. Filing ↗machine: r3 · c27 · span 1131780–1131790
22PVH Corp., Section 10b CEO totalDEF 14A2026-05-080001213900-26-053710CEO total compensation as printed in PVH Corp.'s own proxy. As printed: 16,165,385. Filing ↗machine: t83 · r1 · c9 · span 2386148–2386158
23Levi Strauss & Co., Section 10b CEO totalDEF 14A2026-03-110001308179-26-000050CEO total compensation as printed in Levi Strauss & Co.'s own proxy. As printed: 16,145,173. Filing ↗machine: t255 · r2 · c35 · span 713671–713681
24Hanesbrands (subject), Section 10b CEO totalDEF 14A2025-03-170001104659-25-024433CEO total compensation as printed in Hanesbrands's own proxy. As printed: 12,933,300. Filing ↗machine: span 1485257–1485267
25Foot Locker, Inc., Section 10b CEO totalDEF 14A2025-04-100001104659-25-033769CEO total compensation as printed in Foot Locker, Inc.'s own proxy. As printed: 12,501,074. Filing ↗machine: t258 · r2 · c28 · span 2181785–2181795
26Newell Brands Inc., Section 10b CEO totalDEF 14A2026-03-260001193125-26-126289CEO total compensation as printed in Newell Brands Inc.'s own proxy. As printed: 12,497,912. Filing ↗machine: r3 · c25 · span 676990–677000
27Capri Holdings Ltd., Section 10b CEO totalDEF 14A2026-06-160001530721-26-000063CEO total compensation as printed in Capri Holdings Ltd.'s own proxy. As printed: 11,909,990. Filing ↗machine: r2 · c24 · span 857082–857092
28Under Armour, Inc., Section 10b CEO totalDEF 14A2026-07-150001336917-26-000102CEO total compensation as printed in Under Armour, Inc.'s own proxy. As printed: 11,597,975. Filing ↗machine: r2 · c48 · span 595286–595296
29Bath and Body Works, Inc., Section 10b CEO totalDEF 14A2026-04-280001140361-26-017465CEO total compensation as printed in Bath and Body Works, Inc.'s own proxy. As printed: 6,587,902. Filing ↗machine: t208 · r2 · c27 · span 1059766–1059775
30Section 10a, Bath and Body Works, Inc. reciprocityDEF 14A0001140361-26-017465Bath and Body Works, Inc.'s most recent proxy was read; its disclosed peer group does not include Hanesbrands. Filing ↗
31Section 10a, Foot Locker, Inc. reciprocityDEF 14A0001104659-25-033769Foot Locker, Inc. names Hanesbrands in its own disclosed peer group (read from its most recent proxy). Filing ↗
32Section 10a, Levi Strauss & Co. reciprocityDEF 14A0001308179-26-000050Levi Strauss & Co. names Hanesbrands in its own disclosed peer group (read from its most recent proxy). Filing ↗
33Section 10a, Newell Brands Inc. reciprocityDEF 14A0001193125-26-126289Newell Brands Inc. names Hanesbrands in its own disclosed peer group (read from its most recent proxy). Filing ↗
34Section 10a, Ralph Lauren Corporation reciprocityDEF 14A0001140361-26-025788Ralph Lauren Corporation names Hanesbrands in its own disclosed peer group (read from its most recent proxy). Filing ↗
35Section 10a, Tapestry, Inc. reciprocityDEF 14A0001140361-25-036303Tapestry, Inc.'s most recent proxy was read; its disclosed peer group does not include Hanesbrands. Filing ↗
36Section 10a, The Gap, Inc. reciprocityDEF 14A0001628280-26-021740The Gap, Inc.'s most recent proxy was read; its disclosed peer group does not include Hanesbrands. Filing ↗
37Section 10a, Under Armour, Inc. reciprocityDEF 14A0001336917-26-000102Under Armour, Inc. names Hanesbrands in its own disclosed peer group (read from its most recent proxy). Filing ↗