Companies lululemon athletica inc.
lululemon athletica (LULU): executive pay, fiscal 2025
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CEO pay, last three years
- $4,091,722FY2023
- $4,407,239FY2024
- $9,667,535FY2025
CEO total pay was $9,667,535 in fiscal 2025, up from $4,407,239 in fiscal 2024.
FY2025: salary $861,195 · bonus $0 · stock awards $5,150,017 · option awards $3,348,876
Executives and directors
Frequently asked questions
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 officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Calvin McDonald | $1,393,269 | $0 | $7,800,001 | $13,800,030 | $994,794 | $0 | $35,200 | $24,023,294 |
| Former Chief Executive Officer | ||||||||
| André Maestrini | 863,008 | 0 | 5,150,017 | 3,348,876 | 308,094 | 0 | 61,849 | 9,731,844 |
| Interim Co-Chief Executive Officer, President, and Chief Commercial Officer | ||||||||
| Meghan Frank | 861,195 | 0 | 5,150,017 | 3,348,876 | 307,447 | 0 | 0 | 9,667,535 |
| Interim Co-Chief Executive Officer and Chief Financial Officer | ||||||||
| Nicole Neuburger | 797,308 | 0 | 3,349,933 | 2,149,304 | 284,639 | 0 | 17,055 | 6,598,239 |
| Chief Brand & Product Activation Officer | ||||||||
| Celeste Burgoyne | 825,962 | 0 | 3,150,175 | 1,349,991 | 0 | 0 | 0 | 5,326,128 |
| Former President, Americas and Global Guest Innovation | ||||||||
| Edward Dagnese | 670,288 | 0 | 1,800,223 | 1,199,686 | 179,470 | 0 | 15,771 | 3,865,438 |
| Chief Supply Chain 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 officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Calvin McDonald | $24,023,294 | $14,551,916 | $16,494,777 | ↑ +9,471,378 |
| André Maestrini | 9,731,844 | 4,191,406 | 4,690,697 | ↑ +5,540,438 |
| Meghan Frank | 9,667,535 | 4,407,239 | 4,091,722 | ↑ +5,260,296 |
| Nicole Neuburger | 6,598,239 | 4,340,330 | — | ↑ +2,257,909 |
| Celeste Burgoyne | 5,326,128 | 5,595,225 | 6,538,273 | ↓ −269,097 |
| Edward Dagnese | 3,865,438 | — | — | — |
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 are committed to a compensation strategy that supports our values and rewards exceptional performance. Our executive compensation policies are based on the principles that compensation should be reflective of our financial performance and aligned with shareholder interests.
| CEO STI target (% of salary) | 200% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | WTW (Willis Towers Watson) |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Celeste Burgoyne | PSU | 2025-03-31 | 3,975 | 7,949 | — | 15,898 | $2,250,044 |
| Celeste Burgoyne | RSU | 2025-03-31 | — | — | 3,180 | — | 900,131 |
| Celeste Burgoyne | OPTION | 2025-03-31 | — | — | 13,322 | — | 1,349,991 |
| Edward Dagnese | OPTION | 2025-12-15 | — | — | 9,228 | — | 749,655 |
| Edward Dagnese | RSU | 2025-12-15 | — | — | 3,636 | — | 750,070 |
| Edward Dagnese | OPTION | 2025-03-31 | — | — | 4,441 | — | 450,031 |
| Edward Dagnese | RSU | 2025-03-31 | — | — | 1,060 | — | 300,044 |
| Edward Dagnese | PSU | 2025-03-31 | 1,325 | 2,650 | — | 5,300 | 750,109 |
| Meghan Frank | OPTION | 2025-12-15 | — | — | 24,607 | — | 1,998,999 |
| Meghan Frank | PSU | 2025-03-31 | 2,871 | 5,741 | — | 11,482 | 1,625,047 |
| Meghan Frank | OPTION | 2025-12-15 | — | — | 4,614 | — | 374,828 |
| Meghan Frank | RSU | 2025-12-15 | — | — | 1,212 | — | 250,023 |
| Meghan Frank | RSU | 2025-12-15 | — | — | 9,695 | — | 1,999,982 |
| Meghan Frank | PSU | 2025-12-15 | 1,515 | 3,030 | — | 6,060 | 625,059 |
| Meghan Frank | OPTION | 2025-03-31 | — | — | 9,622 | — | 975,050 |
| Meghan Frank | RSU | 2025-03-31 | — | — | 2,296 | — | 649,906 |
| André Maestrini | RSU | 2025-12-15 | — | — | 9,695 | — | 1,999,982 |
| André Maestrini | OPTION | 2025-12-15 | — | — | 24,607 | — | 1,998,999 |
| André Maestrini | OPTION | 2025-12-15 | — | — | 4,614 | — | 374,828 |
| André Maestrini | PSU | 2025-03-31 | 2,871 | 5,741 | — | 11,482 | 1,625,047 |
| André Maestrini | OPTION | 2025-03-31 | — | — | 9,622 | — | 975,050 |
| André Maestrini | RSU | 2025-12-15 | — | — | 1,212 | — | 250,023 |
| André Maestrini | PSU | 2025-12-15 | 1,515 | 3,030 | — | 6,060 | 625,059 |
| Nicole Neuburger | RSU | 2025-03-31 | — | — | 2,120 | — | 600,087 |
| Nicole Neuburger | RSU | 2025-12-15 | — | — | 6,059 | — | 1,249,911 |
| Nicole Neuburger | OPTION | 2025-03-31 | — | — | 8,881 | — | 899,960 |
| Nicole Neuburger | PSU | 2025-03-31 | 2,650 | 5,299 | — | 10,598 | 1,499,935 |
| Nicole Neuburger | OPTION | 2025-12-15 | — | — | 15,379 | — | 1,249,344 |
| Calvin McDonald | PSU | 2025-03-31 | 13,778 | 27,556 | — | 55,112 | 7,800,001 |
| André Maestrini | RSU | 2025-03-31 | — | — | 2,296 | — | 649,906 |
| Calvin McDonald | Option | — | — | — | — | — | 13,800,030 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Celeste Burgoyne | $900,131 | $2,250,044 | $1,349,991 | 50.0% |
| Edward Dagnese | 1,050,114 | 750,109 | 1,199,686 | 25.0% |
| Meghan Frank | 2,899,911 | 2,250,106 | 3,348,877 | 26.5% |
| André Maestrini | 2,899,911 | 2,250,106 | 3,348,877 | 26.5% |
| Nicole Neuburger | 1,849,998 | 1,499,935 | 2,149,304 | 27.3% |
| Calvin McDonald | 0 | 7,800,001 | 13,800,030 | 36.1% |
% 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
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Nicole Neuburger | Option | 145 | 307.77 | — |
| Meghan Frank | RSU | 157 | — | 65,029 |
| Nicole Neuburger | RSU | 253 | — | 104,793 |
| Meghan Frank | RSU | 271 | — | 112,248 |
| Nicole Neuburger | RSU | 315 | — | 130,473 |
| André Maestrini | RSU | 361 | — | 149,526 |
| Meghan Frank | PSU | 393 | — | 162,781 |
| Celeste Burgoyne | RSU | 631 | — | 261,360 |
| Meghan Frank | Option | 690 | 317.86 | — |
| Meghan Frank | RSU | 748 | — | 309,822 |
| Nicole Neuburger | RSU | 748 | — | 309,822 |
| Nicole Neuburger | PSU | 787 | — | 325,975 |
| Meghan Frank | Option | 807 | 306.71 | — |
| Nicole Neuburger | Option | 807 | 306.71 | — |
| André Maestrini | RSU | 935 | — | 387,277 |
| André Maestrini | Option | 1,210 | 306.71 | — |
| Nicole Neuburger | RSU | 1,286 | — | 532,661 |
| Nicole Neuburger | Option | 1,380 | 317.86 | — |
| Meghan Frank | RSU | 1,414 | — | 585,679 |
| André Maestrini | RSU | 1,414 | — | 585,679 |
| Celeste Burgoyne | RSU | 1,497 | — | 620,057 |
| Nicole Neuburger | Option | 1,663 | 376.92 | — |
| Meghan Frank | Option | 1,782 | 376.92 | — |
| Nicole Neuburger | PSU | 1,857 | — | 769,169 |
| Meghan Frank | PSU | 1,990 | — | 824,258 |
| Celeste Burgoyne | Option | 2,017 | 306.71 | — |
| Celeste Burgoyne | RSU | 2,057 | — | 852,009 |
| André Maestrini | Option | 2,376 | 376.92 | — |
| André Maestrini | PSU | 2,653 | — | 1,098,873 |
| Meghan Frank | PSU | 2,793 | — | 1,156,861 |
| Nicole Neuburger | PSU | 2,793 | — | 1,156,861 |
| Nicole Neuburger | PSU | 3,214 | — | 1,331,239 |
| Meghan Frank | Option | 3,462 | 358.09 | — |
| Nicole Neuburger | Option | 3,462 | 358.09 | — |
| André Maestrini | PSU | 3,491 | — | 1,445,972 |
| Meghan Frank | PSU | 3,536 | — | 1,464,611 |
| André Maestrini | PSU | 3,536 | — | 1,464,611 |
| Celeste Burgoyne | Option | 4,158 | 376.92 | — |
| André Maestrini | Option | 4,327 | 358.09 | — |
| Celeste Burgoyne | PSU | 4,643 | — | 1,923,131 |
| Celeste Burgoyne | PSU | 5,143 | — | 2,130,231 |
| Celeste Burgoyne | PSU | 5,585 | — | 2,313,307 |
| Nicole Neuburger | Option | 5,639 | 388.9 | — |
| Meghan Frank | Option | 6,203 | 388.9 | — |
| André Maestrini | Option | 6,203 | 388.9 | — |
| Celeste Burgoyne | Option | 6,924 | 358.09 | — |
| Celeste Burgoyne | Option | 9,022 | 388.9 | — |
| Calvin McDonald | Option | 10,760 | 306.71 | — |
| Calvin McDonald | PSU | 13,265 | — | 5,494,363 |
| Calvin McDonald | RSU | 13,963 | — | 5,783,475 |
| Calvin McDonald | RSU | 14,142 | — | 5,857,616 |
| Calvin McDonald | Option | 19,799 | 376.92 | — |
| Calvin McDonald | Option | 28,849 | 358.09 | — |
| Calvin McDonald | Option | 41,352 | 388.9 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Martha MorfittEmployee director | $342,308 | $286,866 | $0 | — | $0 | $629,174 |
| David MussaferIndependent · Corporate Responsibility, Sustainability & Governance (Chair) · Not standing for re-election | 180,000 | 158,018 | 0 | — | 0 | 338,018 |
| Emily WhiteIndependent · People, Culture & Compensation (Chair) · Corporate Responsibility, Sustainability & Governance | 152,500 | 158,018 | 0 | — | 0 | 310,518 |
| Teri ListIndependent · Audit (Chair) · Corporate Responsibility, Sustainability & Governance | 137,459 | 158,018 | 0 | — | 0 | 295,477 |
| Kathryn HenryIndependent · Audit · People, Culture & Compensation | 127,500 | 158,018 | 0 | — | 0 | 285,518 |
| Isabel MaheIndependent · Corporate Responsibility, Sustainability & Governance | 122,500 | 158,018 | 0 | — | 0 | 280,518 |
| Shane GrantIndependent · Audit · Not standing for re-election | 115,000 | 158,018 | 0 | — | 0 | 273,018 |
| Jon McNeillIndependent · People, Culture & Compensation | 115,000 | 158,018 | 0 | — | 0 | 273,018 |
| Alison LoehnisIndependent · People, Culture & Compensation | 112,514 | 158,018 | 0 | — | 0 | 270,532 |
| Michael CaseyIndependent · Departed during FY | 98,064 | 54,317 | 0 | — | 0 | 152,381 |
| Chip BerghIndependent · Corporate Responsibility, Sustainability & Governance · People, Culture & Compensation · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Esi Eggleston BraceyIndependent · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $100,000 |
|---|---|
| Annual equity retainer | $160,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 30,000 / 30,000 / 20,000 |
| Stock ownership guideline | $5 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,502,845 |
| Equity awards (grant-date value) | $1,605,327 |
| All other compensation | $0 |
| Total cost of the board | $3,108,172 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names lululemon athletica as a peer
Companies that benchmark against LULU
31 companies name LULU as a compensation peer
- ABERCROMBIE & FITCH CO /DE/ANFFY2026
- Bath & Body Works, Inc.BBWIFY2025
- Callaway Golf CoCALYFY2025
- Capri Holdings LtdCPRIFY2026
- CHIPOTLE MEXICAN GRILL INCCMGFY2025
- Crocs, Inc.CROXFY2025
- DECKERS OUTDOOR CORPDECKFY2026
- DOMINOS PIZZA INCDPZFY2025
- ESTEE LAUDER COMPANIES INCELFY2026
- Floor & Decor Holdings, Inc.FNDFY2025
- FOOT LOCKER, INC.FLFY2024
- G III APPAREL GROUP LTD /DE/GIIIFY2026
- GAP INCGAPFY2025
- GUESS INCGESFY2025
- Hanesbrands Inc.HBIFY2024
- Kontoor Brands, Inc.KTBFY2025
- LEVI STRAUSS & COLEVIFY2025
- Life Time Group Holdings, Inc.LTHFY2025
- Monster Beverage CorpMNSTFY2025
- PVH CORP. /DE/PVHFY2025
- RALPH LAUREN CORPRLFY2026
- SKECHERS USA INCSKXFY2024
- TAPESTRY, INC.TPRFY2026
- Ulta Beauty, Inc.ULTAFY2025
- Under Armour, Inc.UAFY2026
- URBAN OUTFITTERS INCURBNFY2025
- V F CORPVFCFY2026
- Victoria's Secret & Co.VSXYFY2026
- WILLIAMS SONOMA INCWSMFY2025
Each company listed discloses LULU 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 LULU 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 lululemon athletica 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 lululemon athletica 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.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Nike, Inc. | 2026 | Elliott Hill | $1,500,000 | $28,137,798 | $3,967,113 | $2,220,000 | $36,340,876 |
| 2 | Tapestry, Inc. | 2026 | Joanne Crevoiserat | 1,440,385 | 23,906,536 | 2,750,223 | 5,800,000 | 33,986,485 |
| 3 | Williams-Sonoma, Inc. | 2025 | Laura Alber | 1,600,000 | 18,999,797 | 0 | 12,500,000 | 33,297,422 |
| 4 | Starbucks Corporation | 2025 | Brian Niccol | 1,599,998 | 19,881,585 | 0 | 1,971,000 | 30,992,773 |
| 5 | Ralph Lauren Corporation | 2026 | Patrice Louvet | 1,350,000 | 13,710,179 | 0 | 8,100,000 | 23,264,269 |
| 6 | The Estée Lauder Companies Inc. | 2026 | Stéphane Faverie | 1,500,000 | 8,396,680 | 6,325,072 | 4,105,300 | 20,585,784 |
| 7 | V.F. Corporation | 2026 | Bracken Darrell | 1,300,000 | 14,536,581 | 0 | 2,870,400 | 18,946,597 |
| 8 | Ross Stores, Inc. | 2025 | James Conroy | 1,450,000 | 10,650,100 | 0 | 4,233,130 | 17,406,705 |
| 9 | The Gap, Inc. | 2025 | Richard Dickson | 1,400,000 | 10,891,242 | 0 | 4,435,638 | 17,185,636 |
| 10 | PVH Corp. | 2025 | Stefan Larsson | 1,450,000 | 12,200,530 | — | 2,142,230 | 16,165,385 |
| 11 | Levi Strauss Co. | 2025 | Michelle Gass | 1,475,000 | 8,129,318 | 3,144,899 | 3,032,969 | 16,145,173 |
| 12 | Chipotle Mexican Grill, Inc. | 2025 | Scott Boatwright | 1,095,385 | 7,800,002 | 5,200,007 | 1,155,000 | 15,455,736 |
| 13 | Ulta Beauty, Inc. | 2025 | Kecia Steelman | 1,350,003 | 4,792,877 | 4,792,556 | 4,383,972 | 15,403,663 |
| 14 | Dick S Sporting Goods, Inc. | 2025 | Lauren Hobart | 1,393,269 | 11,000,166 | 0 | 2,438,221 | 15,103,545 |
| 15 | Hanesbrands Inc. | 2024 | Stephen Bratspies | 1,250,000 | 8,284,399 | 0 | 3,306,739 | 12,933,300 |
| 16 | Capri Holdings Limited | 2026 | John Idol | 1,350,000 | 4,999,994 | 0 | 5,400,000 | 11,909,990 |
| 17 | Under Armour, Inc. | 2026 | Kevin Plank | 903,462 | 9,040,000 | 510,000 | 1,128,150 | 11,597,975 |
| 18 | lululemon athletica inc. | 2025 | Meghan Frank | 861,195 | 5,150,017 | 3,348,876 | 307,447 | 9,667,535 |
| 19 | Nordstrom, Inc.(1) | 2023 | Erik Nordstrom | 773,087 | 1,592,845 | 1,061,901 | 1,061,900 | 4,540,362 |
| 20 | Columbia Sportswear Company | 2025 | Timothy Boyle | 1,080,000 | 0 | 0 | 1,938,720 | 3,036,220 |
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
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| lululemon athletica inc. | 35.7% | PSU 60 · RSU 20 · Options 20 | No | WTW (Willis Towers Watson) |
| Capri Holdings Limited | 200% | RSU 100 | not disclosed | Willis Towers Watson (WTW) |
| Chipotle Mexican Grill, Inc. | 53% | PSU 60 · Options 20 · RSU 20 | No | Meridian Compensation Partners, LLC |
| Columbia Sportswear Company | 57% | not disclosed | Yes — three year relative total shareholder return (Relative TSR) | FW Cook |
| Dick S Sporting Goods, Inc. | not disclosed | PSU 50 · RSU 50 | No | Willis Towers Watson |
| Hanesbrands Inc. | not disclosed | PSA 60 · RSU 40 | Yes — 3-Year rTSR (3-Year Cumulative) | FW Cook |
| Levi Strauss Co. | 110% | PSU 50 · Options 25 · RSU 25 | Yes — Relative TSR | Semler Brossy |
| Nike, Inc. | 74% | PSU 50 · Option 25 · RSU 25 | Yes — Relative TSR | not disclosed |
| Nordstrom, Inc.(1) | 70% | PSU 60 | No | Semler Brossy |
| PVH Corp. | 73.87% | PSU 50 · RSU 50 | Yes — relative TSR | Frederic W. Cook & Co. (FW Cook) |
| Ralph Lauren Corporation | 200% | PSU 50 · RSU 50 | Yes — Relative TSR | Korn Ferry |
| Ross Stores, Inc. | 145.97% | not disclosed | No | Exequity, LLP |
| Starbucks Corporation | not disclosed | PRSU 60 · RSU 40 | Yes — Relative TSR | Pay Governance |
| Tapestry, Inc. | not disclosed | PSU 50 · Options 25 · RSU 25 | Yes — Relative TSR | FW Cook |
| The Estée Lauder Companies Inc. | not disclosed | Options 60 · RSU 40 | not disclosed | Semler Brossy Consulting Group, LLC |
| The Gap, Inc. | 158% | PRSU 60 · RSU 40 | No | Frederic W. Cook & Co., Inc. |
| Ulta Beauty, Inc. | not disclosed | Option 50 · RSU 50 | not disclosed | Pay Governance LLC |
| Under Armour, Inc. | 60% | RSU 100 | No | Willis Towers Watson |
| V.F. Corporation | 110.4% | RSU 100 | Yes — Three-Year rTSR Modifier (FY2025-2027 PRSU) | Meridian |
| Williams-Sonoma, Inc. | 157.9% | PSU 63 · RSU 37 | No | Pay 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 year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-24 | 46,416,593 | 27,018,492 | 151,486 | 63.21% | Passed |
| 2025 | 2025-06-11 | 83,801,166 | 16,401,904 | 184,456 | 83.63% | Passed |
| 2024 | 2024-06-06 | 99,111,882 | 7,266,222 | 97,800 | 93.17% | Passed |
| 2023 | 2023-06-07 | 98,653,692 | 6,383,980 | 80,326 | 93.92% | Passed |
| 2022 | 2022-06-08 | 101,034,263 | 4,845,997 | 4,491,409 | 95.42% | Passed |
| 2021 | 2021-06-09 | 95,984,159 | 11,544,134 | 112,916 | 89.26% | 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 year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-06-24 | 63.21%a |
| 2025 | 2025-06-11 | 83.63%b |
| 2024 | 2024-06-06 | 93.17%c |
a. Approved under the standard stated in the filing — “3 Advisory to approve executive compensation The advisory vote to approve the compensation of our named executive officers (Say-on-Pay) will pass if the number of votes cast "for" exceeds the number of votes cast "against." Abstentions and broker non-votes will not affect the outcome.”.
b. Approved under the standard stated in the filing — “3 Advisory to approve executive compensation The advisory vote to approve the compensation of our named executive officers (Say-on-Pay) will pass if the number of votes cast "for" exceeds the number of votes cast "against." Abstentions and broker non-votes will not affect the outcome.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the outcome of 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) | 709 : 1 |
|---|---|
| CEO total compensation | $14,551,916 |
| Median employee compensation | $20,536 |
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.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| Meghan Frank | CFO & Interim Co-CEO | 2026-06-08 | D | 28 | $118 | $3,291 | Common | Form 4 ↗ |
| Nicole Neuburger | Chief Brand Officer | 2026-06-08 | D | 55 | 118 | 6,465 | Common | Form 4 ↗ |
| Esi Eggleston Bracey | Director | 2026-06-09 | A | 247 | 0 | 0 | Common | Form 4 ↗ |
| Chip Bergh | Director | 2026-06-15 | A | 4,275 | 117 | 500,384 | Common | Form 4 ↗ |
| Laura Gentile | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Isabel Mahe | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Marc Maurer | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Esi Eggleston Bracey | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Kathryn Henry | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Chip Bergh | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Alison Loehnis | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Teri List | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Emily White | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Martha Morfitt | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 4 ↗ |
| Jon McNeill | Director | 2026-06-25 | A | 1,606 | 0 | 0 | Common | Form 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 (108 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, Calvin McDonald. DEF 14A, filed 2026-05-18. Section “SUMMARY COMPENSATION TABLE” · page 94. As printed: 24,023,294. View filing ↗
- Section 01, André Maestrini. DEF 14A, filed 2026-05-18. Section “Summary Compensation Table” · page 94. As printed: 9,731,844. View filing ↗
- Section 01, Meghan Frank. DEF 14A, filed 2026-05-18. Section “Summary Compensation Table” · page 94. As printed: 9,667,535. View filing ↗
- Section 01, Nicole Neuburger. DEF 14A, filed 2026-05-18. Section “Summary Compensation Table” · page 94. As printed: 6,598,239. View filing ↗
- Section 01, Celeste Burgoyne. DEF 14A, filed 2026-05-18. Section “SUMMARY COMPENSATION TABLE” · page 94. As printed: 5,326,128. View filing ↗
- Section 01, Edward Dagnese. DEF 14A, filed 2026-05-18. Section “SUMMARY COMPENSATION TABLE” · page 94. As printed: 3,865,438. View filing ↗
- Section 03, Celeste Burgoyne PSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Celeste Burgoyne RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Celeste Burgoyne OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Edward Dagnese OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Edward Dagnese RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Edward Dagnese OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Edward Dagnese RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Edward Dagnese PSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Frank OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Frank PSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Frank OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Frank RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Frank RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Frank PSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Frank OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Meghan Frank RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, André Maestrini RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, André Maestrini OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, André Maestrini OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, André Maestrini PSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, André Maestrini OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, André Maestrini RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, André Maestrini PSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Nicole Neuburger RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Nicole Neuburger RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Nicole Neuburger OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Nicole Neuburger PSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Nicole Neuburger OPTION. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Calvin McDonald PSU. DEF 14A, filed 2026-05-18. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, André Maestrini RSU. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 03, Calvin McDonald Option. DEF 14A, filed 2026-05-18. Section “2025 GRANTS OF PLAN-BASED AWARDS” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2025-04-29. Section “CEO Pay Ratio”. As printed: 709 : 1. View filing ↗
- Section 08, Martha Morfitt. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 629,174. View filing ↗
- Section 08, David Mussafer. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 338,018. View filing ↗
- Section 08, Emily White. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 310,518. View filing ↗
- Section 08, Teri List. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 295,477. View filing ↗
- Section 08, Kathryn Henry. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 285,518. View filing ↗
- Section 08, Isabel Mahe. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 280,518. View filing ↗
- Section 08, Shane Grant. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 273,018. View filing ↗
- Section 08, Jon McNeill. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 273,018. View filing ↗
- Section 08, Alison Loehnis. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 270,532. View filing ↗
- Section 08, Michael Casey. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 152,381. View filing ↗
- Section 08, Chip Bergh. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Esi Eggleston Bracey. DEF 14A, filed 2026-05-18. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, Meghan Frank 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Nicole Neuburger 2026-06-08. Form 4, filed 2026-06-10. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Esi Eggleston Bracey 2026-06-09. Form 4, filed 2026-06-11. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Chip Bergh 2026-06-15. Form 4, filed 2026-06-16. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Laura Gentile 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Isabel Mahe 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Marc Maurer 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Esi Eggleston Bracey 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Kathryn Henry 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Chip Bergh 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Alison Loehnis 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Teri List 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Emily White 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Martha Morfitt 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jon McNeill 2026-06-25. Form 4, filed 2026-06-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-06-26. Item 5.07 · say-on-pay result. As reported: 63.21% (votes for as printed: 46,416,593). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-06-17. Item 5.07 · say-on-pay result. As reported: 83.63% (votes for as printed: 83,801,166). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-06-12. Item 5.07 · say-on-pay result. As reported: 93.17% (votes for as printed: 99,111,882). 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 1,502,845 + equity 1,605,327 + all other 0 = 3,108,172, summed across the director compensation table rows.
- Nike, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-15. CEO total compensation as printed in Nike, Inc.'s own proxy. As printed: 36,340,876. View filing ↗
- Tapestry, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-25. CEO total compensation as printed in Tapestry, Inc.'s own proxy. As printed: 33,986,485. 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 ↗
- Starbucks Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-26. CEO total compensation as printed in Starbucks Corporation's own proxy. As printed: 30,992,773. View filing ↗
- Ralph Lauren Corporation, Section 10b CEO total. DEF 14A, filed 2026-06-18. CEO total compensation as printed in Ralph Lauren Corporation's own proxy. As printed: 23,264,269. View filing ↗
- The Estée Lauder Companies Inc., Section 10b CEO total. DEF 14A, filed 2026-09-30. CEO total compensation as printed in The Estée Lauder Companies Inc.'s own proxy. As printed: 20,585,784. View filing ↗
- V.F. Corporation, Section 10b CEO total. DEF 14A, filed 2026-06-15. CEO total compensation as printed in V.F. Corporation's own proxy. As printed: 18,946,597. View filing ↗
- Ross Stores, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Ross Stores, Inc.'s own proxy. As printed: 17,406,705. View filing ↗
- The Gap, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in The Gap, Inc.'s own proxy. As printed: 17,185,636. View filing ↗
- PVH Corp., 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 ↗
- Levi Strauss Co., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Levi Strauss Co.'s own proxy. As printed: 16,145,173. View filing ↗
- Chipotle Mexican Grill, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-28. CEO total compensation as printed in Chipotle Mexican Grill, Inc.'s own proxy. As printed: 15,455,736. 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 ↗
- Dick S Sporting Goods, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-01. CEO total compensation as printed in Dick S Sporting Goods, Inc.'s own proxy. As printed: 15,103,545. View filing ↗
- Hanesbrands Inc., Section 10b CEO total. DEF 14A, filed 2025-03-17. CEO total compensation as printed in Hanesbrands Inc.'s own proxy. As printed: 12,933,300. View filing ↗
- Capri Holdings Limited, Section 10b CEO total. DEF 14A, filed 2026-06-16. CEO total compensation as printed in Capri Holdings Limited's own proxy. As printed: 11,909,990. View filing ↗
- Under Armour, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-15. CEO total compensation as printed in Under Armour, Inc.'s own proxy. As printed: 11,597,975. View filing ↗
- lululemon athletica inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-05-18. CEO total compensation as printed in lululemon athletica inc.'s own proxy. As printed: 9,667,535. View filing ↗
- Nordstrom, Inc.(1), Section 10b CEO total. DEF 14A, filed 2024-04-11. CEO total compensation as printed in Nordstrom, Inc.(1)'s own proxy. As printed: 4,540,362. View filing ↗
- Columbia Sportswear Company, Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Columbia Sportswear Company's own proxy. As printed: 3,036,220. View filing ↗
- Section 10a, Ralph Lauren Corporation reciprocity. DEF 14A. Ralph Lauren Corporation names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Chipotle Mexican Grill, Inc. reciprocity. DEF 14A. Chipotle Mexican Grill, Inc. names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, The Estée Lauder Companies Inc. reciprocity. DEF 14A. The Estée Lauder Companies Inc. names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, The Gap, Inc. reciprocity. DEF 14A. The Gap, Inc. names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Tapestry, Inc. reciprocity. DEF 14A. Tapestry, Inc. names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Levi Strauss Co. reciprocity. DEF 14A. Levi Strauss Co. names lululemon athletica 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. names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Nike, Inc. reciprocity. DEF 14A. Nike, Inc.'s most recent proxy was read; its disclosed peer group does not include lululemon athletica inc.. View filing ↗
- Section 10a, Under Armour, Inc. reciprocity. DEF 14A. Under Armour, Inc. names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, V.F. Corporation reciprocity. DEF 14A. V.F. Corporation names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, PVH Corp. reciprocity. DEF 14A. PVH Corp. names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Hanesbrands Inc. reciprocity. DEF 14A. Hanesbrands Inc. names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Nordstrom, Inc.(1) reciprocity. DEF 14A. Nordstrom, Inc.(1)'s most recent proxy was read; its disclosed peer group does not include lululemon athletica inc.. View filing ↗
- Section 10a, Starbucks Corporation reciprocity. DEF 14A. Starbucks Corporation's most recent proxy was read; its disclosed peer group does not include lululemon athletica inc.. View filing ↗
- Section 10a, Ross Stores, Inc. reciprocity. DEF 14A. Ross Stores, Inc.'s most recent proxy was read; its disclosed peer group does not include lululemon athletica inc.. View filing ↗
- Section 10a, DICK S Sporting Goods, Inc. reciprocity. DEF 14A. DICK S Sporting Goods, Inc.'s most recent proxy was read; its disclosed peer group does not include lululemon athletica inc.. View filing ↗
- Section 10a, Williams-Sonoma, Inc. reciprocity. DEF 14A. Williams-Sonoma, Inc. names lululemon athletica inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗