CompBrief BY VELARION

Companies NEW RITE AID, LLC

NEW RITE AID (RAD): executive pay, fiscal 2023

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

NEW RITE AID, LLC no longer files a proxy statement; its last pay data is FY2023.

All products and prices

CEO total pay$858,459CEO Elizabeth Burr · source
CEO vs. named peers1st pct.Of 14 peer CEOs

CEO pay, last three years

  • $858,459FY2023

CEO total pay was $858,459 in fiscal 2023; the brief holds no earlier figure for this CEO.

FY2023: salary $588,462 · bonus $0 · stock awards $159,997 · option awards $0

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Heyward Donigan$1,043,713$0$7,106,993$0$0$0$617,105$8,767,811
Former President and CEO
Matthew Schroeder796,92101,924,81000025,6002,747,331
VP CFO
Justin Mennen562,43201,073,34900025,2551,661,036
VP Chief Digital and Technology Officer
Paul Gilbert641,5660929,76900026,5751,597,910
Former Executive VP, Chief Legal Officer, and Secretary
Andre Persaud570,0580953,74100026,7501,550,549
Former Executive VP, Chief Retail Officer
Elizabeth Burr588,4620159,997000110,000858,459
CEO

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2023 totalFY2022 totalFY2021 totalΔ FY2022→2023
Heyward Donigan$8,767,811$9,911,507$9,571,087↓ −1,143,696
Matthew Schroeder2,747,3313,437,0613,175,858↓ −689,730
Justin Mennen1,661,0361,654,9091,654,791↑ +6,127
Paul Gilbert1,597,9101,909,010—↓ −311,100
Andre Persaud1,550,549———
Elizabeth Burr858,459———

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 Company emphasizes a compensation mix comprised primarily of variable pay to reinforce a performance-based culture, with base salary making up the smallest portion of total direct compensation. Pay is designed to be generally comparable to peer companies and to align executive interests with stockholder value creation through both annual and long-term incentives.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMercer (US) LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2023

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Elizabeth BurrRSU2022-07-27——21,505—$159,997
Heyward DoniganPSU2022-07-27197,019525,383—985,0933,908,850
Heyward DoniganRSU2022-07-27——429,858—3,198,144
Paul GilbertPSU2022-07-2725,77568,733—128,874511,374
Paul GilbertRSU2022-07-27——56,236—418,396
Paul GilbertPSU2022-07-2726,43970,505—132,197524,557
Justin MennenPSU2022-07-2722,69260,511—113,458450,202
Justin MennenRSU2022-03-22——26,000—254,800
Justin MennenRSU2022-07-27——49,509—368,347
Andre PersaudRSU2022-07-27——57,686—429,184
Matthew SchroederPSU2022-07-2753,359142,291—266,7961,058,645
Matthew SchroederRSU2022-07-27——116,420—866,165

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Elizabeth Burr$159,997$0$00.0%
Heyward Donigan3,198,1443,908,850055.0%
Paul Gilbert418,3961,035,931071.2%
Justin Mennen623,147450,202041.9%
Andre Persaud429,184000.0%
Matthew Schroeder866,1651,058,645055.0%

% 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 2023

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Andre PersaudRSU5,950—$21,301
Justin MennenRSU6,264—22,425
Paul GilbertRSU11,200—40,096
Matthew SchroederRSU13,571—48,584
Justin MennenRSU15,228—54,516
Andre PersaudRSU17,418—62,356
Paul GilbertRSU17,976—64,354
Andre PersaudPSU21,819—78,112
Justin MennenPSU22,968—82,225
Justin MennenRSU26,000—93,080
Justin MennenPSU27,919—99,950
Andre PersaudPSU31,934—114,324
Paul GilbertPSU32,956—117,982
Matthew SchroederRSU37,226—133,269
Justin MennenRSU49,509—177,242
Matthew SchroederPSU49,763—178,152
Paul GilbertRSU56,236—201,325
Andre PersaudRSU57,686—206,516
Justin MennenPSU60,511—216,629
Matthew SchroederPSU68,248—244,328
Paul GilbertPSU68,733—246,064
Andre PersaudPSU70,505—252,408
Matthew SchroederRSU116,420—416,784
Matthew SchroederPSU142,291—509,402
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Bruce G. BodakenIndependent · Board Chair · Executive (Chair) · Nominating and Governance$265,000$159,997$0$0$0$424,997
Louis P. MiramontesIndependent · Audit (Chair) · Not standing for re-election125,000159,997000284,997
Kate B. QuinnIndependent · Nominating and Governance · Compensation (Chair)123,750159,997000283,747
Bari HarlamIndependent · Nominating and Governance (Chair)112,637159,997000272,635
Arun NayarIndependent · Audit · Executive110,000159,997000269,997
Robert E. Knowling JrIndependent · Audit · Compensation104,556159,997000264,553
Kevin E. LoftonIndependent · Departed during FY62,500000062,500

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)15,000 / 25,000 / 25,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2023
Cash retainers and fees$903,443
Equity awards (grant-date value)$959,982
All other compensation$0
Total cost of the board$1,863,425

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

Peer group, and who names NEW RITE AID as a peer

Companies that benchmark against RAD

The list of companies that name RAD as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2023

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

Peer reciprocity

Of the companies NEW RITE AID, LLC 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 NEW RITE AID, LLC.

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
1Centene Corporation2025Sarah London$1,473,077$15,537,733$0$2,109,446$19,506,298
2Humana Inc.2025James Rechtin1,348,55813,868,14103,034,74018,757,075
3Laboratory Corporation of America Holdings2025Adam Schechter1,435,00011,400,4632,754,5822,062,09518,339,913
4Best Buy Co., Inc.2026Corie Barry1,300,00013,699,94702,185,82017,346,126
5Albertsons Companies, Inc.2025Susan Morris1,330,76911,010,00902,220,70616,767,866
6Ulta Beauty, Inc.2025Kecia Steelman1,350,0034,792,8774,792,5564,383,97215,403,663
7DICK’S Sporting Goods, Inc.2025Lauren Hobart1,393,26911,000,16602,438,22115,103,545
8Molina Healthcare, Inc.2025Peter Scott534,09110,336,83101,984,50012,855,422
9Sprouts Farmers Market, Inc.2025Jack Sinclair1,289,0004,888,1211,700,0853,615,64511,517,223
10AutoZone, Inc.2025Philip Daniele III1,000,00027,7547,198,7891,257,7519,636,414
11Target Corporation2025Michael Fiddelke1,065,3857,853,2530300,8829,598,071
12Dollar General Corporation2025Todd Vasos1,608,395006,020,1678,163,197
13NEW RITE AID, LLC2023Elizabeth Burr588,462159,99700858,459

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
NEW RITE AID, LLCnot disclosedPRSU 55 · RSU 45not disclosedMercer (US) LLC
Albertsons Companies, Inc.94%PSU 50 · RSU 50NoFW Cook
AutoZone, Inc.96.75%Options 100not disclosedPearl Meyer
Best Buy Co., Inc.84.07%PSU 50 · RSU 50Yes — total shareholder return (TSR) relative to the S&P 500 Index constituentsnot disclosed
Centene Corporation71.6%PSU 60 · RSU 40Yes — Relative TSRFW Cook
DICK’S Sporting Goods, Inc.not disclosedPSU 50 · RSU 50NoWillis Towers Watson
Dollar General Corporation182.4%RSU 50 · PSU 50NoPearl Meyer
Humana Inc.112%PSU 60 · RSU 40Yes — Relative TSRFarient Advisors, LLC
Laboratory Corporation of America Holdings95.8%PSU 60 · RSU 20 · Options 20Yes — RELATIVE TSR MODIFIERFW Cook
Molina Healthcare, Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSR compared to the TSR peer groupFerguson Partners
Sprouts Farmers Market, Inc.187%PSU 50 · RSU 25 · Option 25NoMeridian
Target Corporationnot disclosedPSU 60 · PBRSU 40NoSemler Brossy
Ulta Beauty, Inc.not disclosednot disclosednot disclosedPay Governance

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

No say-on-pay vote is on file for this company.

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (53 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, Heyward Donigan. DEF 14A, filed 2023-06-29. Section “Summary Compensation Table”. As printed: 8,767,811. View filing ↗
  • Section 01, Matthew Schroeder. DEF 14A, filed 2023-06-29. Section “Summary Compensation Table”. As printed: 2,747,331. View filing ↗
  • Section 01, Justin Mennen. DEF 14A, filed 2023-06-29. Section “Summary Compensation Table”. As printed: 1,661,036. View filing ↗
  • Section 01, Paul Gilbert. DEF 14A, filed 2023-06-29. Section “Summary Compensation Table”. As printed: 1,597,910. View filing ↗
  • Section 01, Andre Persaud. DEF 14A, filed 2023-06-29. Section “Summary Compensation Table”. As printed: 1,550,549. View filing ↗
  • Section 01, Elizabeth Burr. DEF 14A, filed 2023-06-29. Section “Summary Compensation Table”. As printed: 858,459. View filing ↗
  • Section 03, Elizabeth Burr RSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Heyward Donigan PSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Heyward Donigan RSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Paul Gilbert PSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Paul Gilbert RSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Paul Gilbert PSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Justin Mennen PSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Justin Mennen RSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Justin Mennen RSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Andre Persaud RSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Schroeder PSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 03, Matthew Schroeder RSU. DEF 14A, filed 2023-06-29. Section “Grants of Plan-Based Awards Table for Fiscal Year 2023” · grants of plan-based awards table. View filing ↗
  • Section 08, Bruce G. Bodaken. DEF 14A, filed 2023-06-29. Section “Director Compensation”. As printed: 424,997. View filing ↗
  • Section 08, Louis P. Miramontes. DEF 14A, filed 2023-06-29. Section “Director Compensation”. As printed: 284,997. View filing ↗
  • Section 08, Kate B. Quinn. DEF 14A, filed 2023-06-29. Section “Director Compensation”. As printed: 283,747. View filing ↗
  • Section 08, Bari Harlam. DEF 14A, filed 2023-06-29. Section “Director Compensation”. As printed: 272,635. View filing ↗
  • Section 08, Arun Nayar. DEF 14A, filed 2023-06-29. Section “Director Compensation”. As printed: 269,997. View filing ↗
  • Section 08, Robert E. Knowling Jr. DEF 14A, filed 2023-06-29. Section “Director Compensation”. As printed: 264,553. View filing ↗
  • Section 08, Kevin E. Lofton. DEF 14A, filed 2023-06-29. Section “Director Compensation”. As printed: 62,500. 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 903,443 + equity 959,982 + all other 0 = 1,863,425, summed across the director compensation table rows.
  • Centene Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Centene Corporation's own proxy. As printed: 19,506,298. View filing ↗
  • Humana Inc., Section 10b CEO total. DEF 14A, filed 2026-03-06. CEO total compensation as printed in Humana Inc.'s own proxy. As printed: 18,757,075. View filing ↗
  • Laboratory Corporation of America Holdings, Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Laboratory Corporation of America Holdings's own proxy. As printed: 18,339,913. 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 ↗
  • Albertsons Companies, Inc., Section 10b CEO total. DEF 14A, filed 2026-06-22. CEO total compensation as printed in Albertsons Companies, Inc.'s own proxy. As printed: 16,767,866. 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 ↗
  • Molina Healthcare, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Molina Healthcare, Inc.'s own proxy. As printed: 12,855,422. View filing ↗
  • Sprouts Farmers Market, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Sprouts Farmers Market, Inc.'s own proxy. As printed: 11,517,223. View filing ↗
  • AutoZone, Inc., Section 10b CEO total. DEF 14A, filed 2025-10-28. CEO total compensation as printed in AutoZone, Inc.'s own proxy. As printed: 9,636,414. View filing ↗
  • Target Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Target Corporation's own proxy. As printed: 9,598,071. View filing ↗
  • Dollar General Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in Dollar General Corporation's own proxy. As printed: 8,163,197. View filing ↗
  • NEW RITE AID, LLC (subject), Section 10b CEO total. DEF 14A, filed 2023-06-29. CEO total compensation as printed in NEW RITE AID, LLC's own proxy. As printed: 858,459. View filing ↗
  • Section 10a, AutoZone, Inc. reciprocity. DEF 14A. AutoZone, Inc.'s most recent proxy was read; its disclosed peer group does not include NEW RITE AID, LLC. View filing ↗
  • Section 10a, Humana Inc. reciprocity. DEF 14A. Humana Inc.'s most recent proxy was read; its disclosed peer group does not include NEW RITE AID, LLC. View filing ↗
  • Section 10a, Dollar General Corporation reciprocity. DEF 14A. Dollar General Corporation's most recent proxy was read; its disclosed peer group does not include NEW RITE AID, LLC. View filing ↗
  • Section 10a, Laboratory Corporation of America Holdings reciprocity. DEF 14A. Laboratory Corporation of America Holdings's most recent proxy was read; its disclosed peer group does not include NEW RITE AID, LLC. View filing ↗
  • Section 10a, Centene Corporation reciprocity. DEF 14A. Centene Corporation's most recent proxy was read; its disclosed peer group does not include NEW RITE AID, LLC. View filing ↗
  • Section 10a, Target Corporation reciprocity. DEF 14A. Target Corporation's most recent proxy was read; its disclosed peer group does not include NEW RITE AID, LLC. View filing ↗
  • Section 10a, Albertsons Companies, Inc. reciprocity. DEF 14A. Albertsons Companies, Inc.'s most recent proxy was read; its disclosed peer group does not include NEW RITE AID, LLC. 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 NEW RITE AID, LLC. View filing ↗
  • Section 10a, Molina Healthcare, Inc. reciprocity. DEF 14A. Molina Healthcare, Inc.'s most recent proxy was read; its disclosed peer group does not include NEW RITE AID, LLC. View filing ↗
  • Section 10a, Sprouts Farmers Market, Inc. reciprocity. DEF 14A. Sprouts Farmers Market, Inc.'s most recent proxy was read; its disclosed peer group does not include NEW RITE AID, LLC. 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 NEW RITE AID, LLC. 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 NEW RITE AID, LLC. View filing ↗