Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-07-24

Skechers USA (SKX)

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.

$23,525,357
Robert Greenberg total, FY2024
78th
CEO pay percentile vs peers
CEO-to-median pay ratio
72.13%
Say-on-pay support, latest vote
Companies that benchmark against SKX
5 companies name SKX as a compensation peer

Each company listed discloses SKX 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 SKX 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
Robert Greenberg$7,031,198$0$8,405,699$0$7,267,571$0$820,889$23,525,357
Chairman of the Board and Chief Executive Officer
Michael Greenberg5,692,00006,841,52403,876,0390706,61417,116,177
President and Director
David Weinberg4,147,00005,467,58702,907,0290598,22713,119,843
Executive Vice President, Chief Operating Officer and Director
John Vandemore1,696,00003,522,93701,938,021013,8007,170,758
Chief Financial Officer
Mark Nason2,700,00014,7172,113,75001,453,515024,6036,306,585
Executive Vice President of Product Development

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
Robert Greenberg$23,525,357$18,837,938$22,061,848+4,687,419
Michael Greenberg17,116,17713,909,34722,061,848+3,206,830
David Weinberg13,119,84310,510,07411,794,354+2,609,769
John Vandemore7,170,7585,348,8806,006,262+1,821,878
Mark Nason6,306,5854,800,4405,314,719+1,506,145

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.

03

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Mark NasonPSU2024-03-1515,00015,00030,000$1,200,100
Robert GreenbergRSU2024-03-1559,6503,633,282
Robert GreenbergPSU2024-03-1559,65059,650119,3004,772,417
Mark NasonRSU2024-03-1515,000913,650
Michael GreenbergPSU2024-03-1548,55048,55097,1003,884,343
David WeinbergRSU2024-03-1538,8002,363,308
John VandemoreRSU2024-03-1525,0001,522,750
David WeinbergPSU2024-03-1538,80038,80077,6003,104,279
John VandemorePSU2024-03-1525,00025,00050,0002,000,187
Michael GreenbergRSU2024-03-1548,5502,957,181
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Mark Nason$913,650$1,200,100$056.8%
Robert Greenberg3,633,2824,772,417056.8%
Michael Greenberg2,957,1813,884,343056.8%
David Weinberg2,363,3083,104,279056.8%
John Vandemore1,522,7502,000,187056.8%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
David WeinbergRSU38,800$2,608,912
David WeinbergPSU69,8684,697,924
GreenbergPSU75,0005,043,000
Mark NasonRSU10,080677,779
John VandemoreRSU8,334560,378
GreenbergPSU62,5004,202,500
GreenbergRSU41,9002,817,356
David WeinbergRSU34,9322,348,828
John VandemoreRSU20,0001,344,800
Mark NasonRSU10,500706,020
GreenbergRSU50,0003,362,000
GreenbergRSU41,6662,801,622
Mark NasonPSU15,0001,008,600
David WeinbergPSU50,0003,362,000
GreenbergRSU37,5002,521,500
GreenbergRSU15,6251,050,625
Mark NasonRSU15,0001,008,600
GreenbergRSU19,8841,337,000
John VandemoreRSU20,0801,350,179
GreenbergPSU103,0686,930,292
GreenbergRSU59,6504,010,866
GreenbergRSU51,5333,465,079
GreenbergRSU31,2502,101,250
David WeinbergPSU64,6664,348,142
GreenbergRSU48,5503,264,502
GreenbergRSU43,7322,940,540
John VandemorePSU41,6662,801,622
John VandemorePSU30,0002,017,200
Mark NasonPSU25,0001,681,000
GreenbergRSU16,1841,088,212
John VandemoreRSU15,0001,008,600
Mark NasonRSU10,000672,400
David WeinbergRSU33,3342,241,378
GreenbergRSU18,7501,260,750
GreenbergPSU87,4685,881,348
GreenbergPSU99,4166,684,732
GreenbergPSU80,9165,440,792
GreenbergRSU51,5323,465,012
David WeinbergRSU12,500840,500
David WeinbergRSU25,0001,681,000
Mark NasonPSU21,0001,412,040
John VandemorePSU41,8682,815,204
John VandemoreRSU20,9321,407,468
David WeinbergRSU33,5002,252,540
David WeinbergRSU12,934869,682
Mark NasonRSU7,500504,300
John VandemoreRSU3,750252,150
Mark NasonRSU3,750252,150
John VandemoreRSU25,0001,681,000
Mark NasonRSU5,000336,200
05

Incentive-plan design — the Compensation Discussion & Analysis

The basic compensation philosophy of the Compensation Committee is to provide competitive salaries and incentives to executive officers in order to promote superior financial performance. The Compensation Committee believes that compensation paid to executive officers should be closely aligned with our performance, linked to specific, measurable results intended to create value for stockholders, and that such compensation should assist us in attracting and retaining key executives critical to our long-term success.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantFW Cook
Clawback policyTrue
Anti-hedgingtrue
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20232023-06-12227,654,41487,959,352320,85772.13%Passed
20202020-05-21282,309,68551,554,1541,094,50584.56%Passed
20172017-05-23326,665,6296,709,854419,86997.99%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
20232023-06-1272.13%a
20202020-05-2184.56%b
20172017-05-2397.99%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

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.

08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Morton ErlichIndependent · Lead Independent Director · Audit (Chair) · Compensation$225,000$204,870$0$0$429,870
Richard SiskindIndependent · Audit · Nominating and Governance (Chair)160,000204,87000364,870
Katherine BlairIndependent · Audit · Compensation (Chair)160,000204,87000364,870
Yolanda MaciasIndependent · Audit125,000204,87000329,870
Zulema GarciaIndependent · Audit · Compensation125,000204,87000329,870
Michael GreenbergEmployee director00000
David WeinbergEmployee director00000
Robert GreenbergEmployee director · Board Chair · Not standing for re-election00000
09

Board fee structure and ownership guideline

Annual cash retainer$125,000
Annual equity retainer$204,870
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)50,000 / 35,000 / 35,000
Stock ownership guideline3x annual cash retainer
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$795,000
Equity awards (grant-date value)$1,024,350
All other compensation$0
Total cost of the board$1,819,350

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 Skechers USA 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 Skechers USA.

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 Athletica2025Calvin McDonald$1,393,269$7,800,001$13,800,030$994,794$24,023,294
2Skechers USA2024Robert Greenberg7,031,1988,405,69907,267,57123,525,357
3Ralph Lauren2026Patrice Louvet1,350,00013,710,17908,100,00023,264,269
4Hasbro2025Chris Cocks1,500,00010,500,09906,000,00018,672,521
5Tapestry2025Joanne Crevoiserat1,400,0006,573,6793,999,9995,303,20017,340,349
6PVH Corp.2025Stefan Larsson1,450,00012,200,53002,142,23016,165,385
7Levi Strauss2025Michelle Gass1,475,0008,129,3183,144,8993,032,96916,145,173
8Mattel2025Ynon Kreiz1,600,00010,821,99602,473,36015,060,621
9Hanesbrands2024Stephen Bratspies1,250,0008,284,39903,306,73912,933,300
10Capri Holdings2026John Idol1,350,0004,999,99405,400,00011,909,990
11Deckers Outdoor2026Stefano Caroti1,236,5386,999,94703,607,91511,904,992
12Under Armour2026Kevin Plank903,4629,040,000510,0001,128,15011,597,975
13Wolverine World Wide2025Christopher Hufnagel1,192,3085,800,02302,663,85410,854,729
14Carter's2025Douglas Palladini882,8034,955,42401,225,2007,496,679
15Columbia Sportswear2025Timothy Boyle1,080,000001,938,7203,036,220
G-III Apparel Groupnot 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
Skechers USAnot disclosedPSU 50 · RSU 50Yes — Relative TSRFW Cook
Capri Holdings200%RSU 100not disclosedWillis Towers Watson (WTW)
Carter's91%RSU 100NoMeridian Compensation Partners, LLC
Columbia Sportswear57%not disclosedYes — three year relative total shareholder return (Relative TSR)FW Cook
Deckers Outdoor173%PSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Frederic W. Cook & Co., Inc.
G-III Apparel Groupnot disclosednot disclosednot disclosednot disclosed
Hanesbrands165.34%PSU 60 · RSU 40Yes — 3-Year rTSR (3-Year Cumulative)FW Cook
Hasbro200%PSU 50 · RSU 50NoMeridian Compensation Partners LLC
Levi Strauss110%PSU 50 · Options 25 · RSU 25Yes — Relative TSRSemler Brossy
Lululemon Athletica35.7%PSU 60 · RSU 20 · Options 20NoWTW (Willis Towers Watson)
Mattel71.9%PSU 75 · RSU 25Yes — Three-Year Relative TSR vs. S&P 500 constituentsFW Cook
PVH Corp.73.87%PSU 50 · RSU 50Yes — relative TSRFrederic W. Cook & Co. (FW Cook)
Ralph Lauren200%PSU 50 · RSU 50Yes — Relative TSRKorn Ferry
Tapestry189.4%Options 40 · PSU 40 · RSU 20Yes — Relative TSRFrederic W. Cook and Co., Inc.
Under Armour60%RSU 100NoWillis Towers Watson
Wolverine World Wide172.4%PSU 70 · RSU 30Yes — Absolute TSRFrederic W. Cook & Co. (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.

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, Robert GreenbergDEF 14A2025-04-080000950170-25-052070Section “Summary Compensation Table”. As printed: 23,525,357. Filing ↗machine: r8 · c14 · span 722879–722889
2Section 01, Michael GreenbergDEF 14A2025-04-080000950170-25-052070Section “Summary Compensation Table”. As printed: 17,116,177. Filing ↗machine: r8 · c14 · span 752670–752680
3Section 01, David WeinbergDEF 14A2025-04-080000950170-25-052070Section “Summary Compensation Table”. As printed: 13,119,843. Filing ↗machine: r11 · c14 · span 767520–767530
4Section 01, John VandemoreDEF 14A2025-04-080000950170-25-052070Section “Summary Compensation Table”. As printed: 7,170,758. Filing ↗machine: r5 · c14 · span 737847–737856
5Section 01, Mark NasonDEF 14A2025-04-080000950170-25-052070Section “Summary Compensation Table”. As printed: 6,306,585. Filing ↗machine: r14 · c14 · span 782495–782504
6Section 03, Mark Nason PSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r16 · c20 · span 975659–975668
7Section 03, Robert Greenberg RSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r4 · c14 · span 891219–891225
8Section 03, Robert Greenberg PSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r4 · c20 · span 893102–893111
9Section 03, Mark Nason RSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r16 · c14 · span 973777–973783
10Section 03, Michael Greenberg PSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r10 · c20 · span 934346–934355
11Section 03, David Weinberg RSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r13 · c14 · span 953126–953132
12Section 03, John Vandemore RSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r7 · c14 · span 911882–911888
13Section 03, David Weinberg PSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r13 · c20 · span 955025–955034
14Section 03, John Vandemore PSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r7 · c20 · span 913730–913739
15Section 03, Michael Greenberg RSUDEF 14A2025-04-080000950170-25-052070Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t25 · r10 · c14 · span 932479–932485
16Section 08, Morton ErlichDEF 14A2025-04-080000950170-25-052070Section “Director Compensation”. As printed: 429,870. Filing ↗machine: t7 · r3 · c6 · span 256849–256856
17Section 08, Richard SiskindDEF 14A2025-04-080000950170-25-052070Section “Director Compensation”. As printed: 364,870. Filing ↗machine: t7 · r6 · c6 · span 263803–263810
18Section 08, Katherine BlairDEF 14A2025-04-080000950170-25-052070Section “Director Compensation”. As printed: 364,870. Filing ↗machine: t7 · r2 · c6 · span 254535–254542
19Section 08, Yolanda MaciasDEF 14A2025-04-080000950170-25-052070Section “Director Compensation”. As printed: 329,870. Filing ↗machine: t7 · r5 · c6 · span 261484–261491
20Section 08, Zulema GarciaDEF 14A2025-04-080000950170-25-052070Section “Director Compensation”. As printed: 329,870. Filing ↗machine: t7 · r4 · c6 · span 259166–259173
21Section 08, Michael GreenbergDEF 14A2025-04-080000950170-25-052070Section “Director Compensation”. As printed: 0. Filing ↗
22Section 08, David WeinbergDEF 14A2025-04-080000950170-25-052070Section “Director Compensation”. As printed: 0. Filing ↗
23Section 08, Robert GreenbergDEF 14A2025-04-080000950170-25-052070Section “Director Compensation”. As printed: 0. Filing ↗
24Section 06, 2023 voteForm 8-K2023-06-160000950170-23-028586Item 5.07 · say-on-pay result. As reported: 72.13% (votes for as printed: 227,654,414). Filing ↗
25Section 06, 2020 voteForm 8-K2020-05-260001564590-20-026882Item 5.07 · say-on-pay result. As reported: 84.56%. Filing ↗
26Section 06, 2017 voteForm 8-K2017-05-240001299933-17-000545Item 5.07 · say-on-pay result. As reported: 97.99%. Filing ↗
27Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
28Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
29Section 09b board cost (computed)ComputedcomputedCash 795,000 + equity 1,024,350 + all other 0 = 1,819,350, summed across the director compensation table rows.machine: formula: Σ = 1,819,350
30Lululemon Athletica, Section 10b CEO totalDEF 14A2026-05-180001213900-26-058095CEO total compensation as printed in Lululemon Athletica's own proxy. As printed: 24,023,294. Filing ↗machine: t70 · r3 · c8 · span 1864711–1864721
31Skechers USA (subject), Section 10b CEO totalDEF 14A2025-04-080000950170-25-052070CEO total compensation as printed in Skechers USA's own proxy. As printed: 23,525,357. Filing ↗machine: r8 · c14 · span 722879–722889
32Ralph Lauren, Section 10b CEO totalDEF 14A2026-06-180001140361-26-025788CEO total compensation as printed in Ralph Lauren's own proxy. As printed: 23,264,269. Filing ↗machine: t486 · r5 · c19 · span 2002568–2002578
33Hasbro, Section 10b CEO totalDEF 14A2026-04-170001193125-26-160426CEO total compensation as printed in Hasbro's own proxy. As printed: 18,672,521. Filing ↗machine: span 717146–717156
34Tapestry, Section 10b CEO totalDEF 14A2025-09-260001140361-25-036303CEO total compensation as printed in Tapestry's own proxy. As printed: 17,340,349. Filing ↗machine: t223 · r2 · c25 · span 1671584–1671594
35PVH 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
36Levi Strauss, Section 10b CEO totalDEF 14A2026-03-110001308179-26-000050CEO total compensation as printed in Levi Strauss's own proxy. As printed: 16,145,173. Filing ↗machine: t255 · r2 · c35 · span 713671–713681
37Mattel, Section 10b CEO totalDEF 14A2026-04-140001308179-26-000276CEO total compensation as printed in Mattel's own proxy. As printed: 15,060,621. Filing ↗machine: t221 · r3 · c7 · span 2052122–2052132
38Hanesbrands, 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
39Capri Holdings, Section 10b CEO totalDEF 14A2026-06-160001530721-26-000063CEO total compensation as printed in Capri Holdings's own proxy. As printed: 11,909,990. Filing ↗machine: r2 · c24 · span 857082–857092
40Deckers Outdoor, Section 10b CEO totalDEF 14A2026-07-240000910521-26-000018CEO total compensation as printed in Deckers Outdoor's own proxy. As printed: 11,904,992. Filing ↗machine: r3 · c21 · span 866385–866395
41Under Armour, Section 10b CEO totalDEF 14A2026-07-150001336917-26-000102CEO total compensation as printed in Under Armour's own proxy. As printed: 11,597,975. Filing ↗machine: r2 · c48 · span 595286–595296
42Wolverine World Wide, Section 10b CEO totalDEF 14A2026-03-250001140361-26-011157CEO total compensation as printed in Wolverine World Wide's own proxy. As printed: 10,854,729. Filing ↗machine: r2 · c25 · span 1190459–1190470
43Carter's, Section 10b CEO totalDEF 14A2026-04-010001060822-26-000059CEO total compensation as printed in Carter's's own proxy. As printed: 7,496,679. Filing ↗machine: r2 · c7 · span 1027158–1027168
44Columbia Sportswear, Section 10b CEO totalDEF 14A2026-04-240001050797-26-000062CEO total compensation as printed in Columbia Sportswear's own proxy. As printed: 3,036,220. Filing ↗machine: t61 · r3 · c27 · span 566267–566276
45Section 10a, Hasbro reciprocityDEF 14A0001193125-26-160426Hasbro's most recent proxy was read; its disclosed peer group does not include Skechers USA. Filing ↗
46Section 10a, Levi Strauss reciprocityDEF 14A0001308179-26-000050Levi Strauss's most recent proxy was read; its disclosed peer group does not include Skechers USA. Filing ↗
47Section 10a, Ralph Lauren reciprocityDEF 14A0001140361-26-025788Ralph Lauren's most recent proxy was read; its disclosed peer group does not include Skechers USA. Filing ↗
48Section 10a, Carter's reciprocityDEF 14A0001060822-26-000059Carter's's most recent proxy was read; its disclosed peer group does not include Skechers USA. Filing ↗
49Section 10a, Deckers Outdoor reciprocityDEF 14A0000910521-26-000018Deckers Outdoor names Skechers USA in its own disclosed peer group (read from its most recent proxy). Filing ↗
50Section 10a, Hanesbrands reciprocityDEF 14A0001104659-25-024433Hanesbrands's most recent proxy was read; its disclosed peer group does not include Skechers USA. Filing ↗
51Section 10a, Mattel reciprocityDEF 14A0001308179-26-000276Mattel's most recent proxy was read; its disclosed peer group does not include Skechers USA. Filing ↗
52Section 10a, Tapestry reciprocityDEF 14A0001140361-25-036303Tapestry's most recent proxy was read; its disclosed peer group does not include Skechers USA. Filing ↗
53Section 10a, Under Armour reciprocityDEF 14A0001336917-26-000102Under Armour names Skechers USA in its own disclosed peer group (read from its most recent proxy). Filing ↗
54Section 10a, Wolverine World Wide reciprocityDEF 14A0001140361-26-011157Wolverine World Wide's most recent proxy was read; its disclosed peer group does not include Skechers USA. Filing ↗