Companies Victoria's Secret & Co.
Victoria's Secret (VSCO): executive pay, fiscal 2025
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CEO vs. named peers44th pct.Of 17 peer CEOs
CEO pay, last three years
- $8,533,370FY2024
- $14,381,494FY2025
CEO total pay was $14,381,494 in fiscal 2025, up from $8,533,370 in fiscal 2024.
FY2025: salary $1,222,846 · bonus $1,000,000 · stock awards $8,039,570 · option awards $0
Frequently asked questions
Who was the highest-paid executive at Victoria's Secret & Co. in fiscal 2025?
As disclosed, Hillary Super (Chief Executive Officer) was the highest-paid executive at Victoria's Secret & Co. in fiscal 2025, with total compensation of $14,381,494.
How does Victoria's Secret & Co.'s chief executive pay compare to its disclosed peer group?
As disclosed, Hillary Super's total compensation ranked at the 44th percentile of Victoria's Secret & Co.'s disclosed peer group.
How much does Victoria's Secret & Co. spend in total on board compensation for fiscal 2025?
As disclosed, Victoria's Secret & Co. reported total board compensation of $2,600,600 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Hillary Super | $1,222,846 | $1,000,000 | $8,039,570 | $0 | $3,626,705 | $0 | $492,373 | $14,381,494 |
| Chief Executive Officer | ||||||||
| Dein Boyle | 869,093 | 0 | 2,954,746 | 0 | 2,005,688 | 0 | 99,424 | 5,928,951 |
| Former Chief Operating Officer | ||||||||
| Melinda McAfee | 771,154 | 0 | 2,410,449 | 0 | 1,308,975 | 0 | 23,664 | 4,514,242 |
| Chief Human Resources and Legal Officer | ||||||||
| Scott Sekella | 783,173 | 100,000 | 1,805,136 | 0 | 1,342,683 | 0 | 317 | 4,031,309 |
| Chief Financial and Operating Officer | ||||||||
| Elizabeth Preis | 519,918 | 0 | 1,503,306 | 0 | 979,231 | 0 | 218,771 | 3,221,226 |
| Chief Marketing and Customer 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 |
|---|---|---|---|---|
| Hillary Super | $14,381,494 | $8,533,370 | — | ↑ +5,848,124 |
| Dein Boyle | 5,928,951 | 3,115,339 | — | ↑ +2,813,612 |
| Melinda McAfee | 4,514,242 | 3,971,942 | 2,564,782 | ↑ +542,300 |
| Scott Sekella | 4,031,309 | 22,502 | — | ↑ +4,008,807 |
| Elizabeth Preis | 3,221,226 | — | — | — |
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
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | — |
| 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 |
|---|---|---|---|---|---|---|---|
| Dein Boyle | PSU | 2025-03-19 | 32,865 | 65,729 | — | 131,458 | $1,529,741 |
| Dein Boyle | RSU | 2025-03-19 | — | — | 65,729 | — | 1,425,005 |
| Melinda McAfee | PSU | 2025-03-19 | 26,811 | 53,621 | — | 107,242 | 1,247,946 |
| Melinda McAfee | RSU | 2025-03-19 | — | — | 53,621 | — | 1,162,503 |
| Elizabeth Preis | PSU | 2025-06-02 | 17,403 | 34,806 | — | 69,612 | 810,057 |
| Elizabeth Preis | RSU | 2025-06-02 | — | — | 34,806 | — | 725,009 |
| Scott Sekella | PSU | 2025-03-19 | 17,297 | 34,594 | — | 69,188 | 805,123 |
| Scott Sekella | RSU | 2025-02-03 | — | — | 21,484 | — | 750,006 |
| Scott Sekella | RSU | 2025-09-02 | — | — | 11,161 | — | 250,006 |
| Hillary Super | PSU | 2025-03-19 | 106,550 | 213,100 | — | 426,200 | 4,959,579 |
| Hillary Super | RSU | 2025-03-19 | — | — | 142,066 | — | 3,079,991 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Dein Boyle | $1,425,005 | $1,529,741 | $0 | 51.8% |
| Melinda McAfee | 1,162,503 | 1,247,946 | 0 | 51.8% |
| Elizabeth Preis | 725,009 | 810,057 | 0 | 52.8% |
| Scott Sekella | 1,000,012 | 805,123 | 0 | 44.6% |
| Hillary Super | 3,079,991 | 4,959,579 | 0 | 61.7% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
No outstanding equity awards are on file for this fiscal year.
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Donna JamesIndependent · Board Chair · Audit Committee · Nominating and Governance Committee | $234,400 | $234,400 | — | — | — | $468,800 |
| Irene Chang BrittIndependent · Audit Committee · Human Capital and Compensation Committee (Chair) | 151,900 | 136,900 | — | — | — | 288,800 |
| Sarah DavisIndependent · Audit Committee (Chair) · Nominating and Governance Committee | 154,400 | 134,400 | — | — | — | 288,800 |
| Anne SheehanIndependent · Human Capital and Compensation Committee · Nominating and Governance Committee (Chair) | 149,400 | 134,400 | — | — | — | 283,800 |
| Lauren PetersIndependent · Audit Committee · Human Capital and Compensation Committee | 136,900 | 136,900 | — | — | — | 273,800 |
| Jacqueline HernándezIndependent · Audit · Nominating and Governance | 134,400 | 134,400 | — | — | — | 268,800 |
| Rod LittleIndependent · Human Capital and Compensation Committee | 124,400 | 124,400 | — | — | — | 248,800 |
| Mariam NaficyIndependent · Nominating and Governance Committee | 121,900 | 121,900 | — | — | — | 243,800 |
| David McCreightIndependent · Audit Committee · Nominating and Governance Committee | 100,800 | 134,400 | — | — | — | 235,200 |
Board fee structure and ownership guideline
| Annual cash retainer | $111,900 |
|---|---|
| Annual equity retainer | $111,900 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 15,000 |
| Stock ownership guideline | Non-employee directors must retain ownership of at least the number of shares, net of taxes at an assumed rate of 40 percent, of VS&Co common stock received as director compensation over the previous four years. |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,308,500 |
| Equity awards (grant-date value) | $1,292,100 |
| All other compensation | $0 |
| Total cost of the board | $2,600,600 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Victoria's Secret as a peer
Companies that benchmark against VSCO
6 companies name VSCO as a compensation peer
- ABERCROMBIE & FITCH CO /DE/ANFFY2026
- Bath & Body Works, Inc.BBWIFY2025
- CARTERS INCCRIFY2025
- FOOT LOCKER, INC.FLFY2024
- LEVI STRAUSS & COLEVIFY2025
- SIGNET JEWELERS LTDSIGFY2026
- TAPESTRY, INC.TPRFY2026
Each company listed discloses VSCO 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 VSCO 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.
ANF Abercrombie & Fitch Co.AEO American Eagle Outfitters, Inc.PVH PVH Corp. Bath and Body Works, Inc.RL Ralph Lauren CorporationBIG Big Lots, Inc.ROST Ross Stores, Inc.BURL Burlington Stores, Inc.TPR Tapestry, Inc.CPRI Capri Holdings LimitedULTA Ulta Beauty, Inc.GAP Gap, Inc.UAA Under Armour, Inc.URBN Urban Outfitters, Inc.HBI Hanesbrands Inc.LEVI Levi Strauss & Co.WSM Williams-Sonoma, Inc.
Peer reciprocity
The companies Victoria's Secret & Co. names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Tapestry, Inc. | 2026 | Joanne Crevoiserat | $1,440,385 | $23,906,536 | $2,750,223 | $5,800,000 | $33,986,485 |
| 2 | Williams-Sonoma, Inc. | 2025 | Laura Alber | 1,600,000 | 18,999,797 | 0 | 12,500,000 | 33,297,422 |
| 3 | Ralph Lauren Corporation | 2026 | Patrice Louvet | 1,350,000 | 13,710,179 | 0 | 8,100,000 | 23,264,269 |
| 4 | Ross Stores, Inc. | 2025 | James Conroy | 1,450,000 | 10,650,100 | 0 | 4,233,130 | 17,406,705 |
| 5 | Gap, Inc. | 2025 | Richard Dickson | 1,400,000 | 10,891,242 | 0 | 4,435,638 | 17,185,636 |
| 6 | Burlington Stores, Inc. | 2025 | Michael O'Sullivan | 1,519,535 | 10,842,768 | 0 | 4,771,341 | 17,149,564 |
| 7 | PVH Corp. | 2025 | Stefan Larsson | 1,450,000 | 12,200,530 | — | 2,142,230 | 16,165,385 |
| 8 | Levi Strauss & Co. | 2025 | Michelle Gass | 1,475,000 | 8,129,318 | 3,144,899 | 3,032,969 | 16,145,173 |
| 9 | Ulta Beauty, Inc. | 2025 | Kecia Steelman | 1,350,003 | 4,792,877 | 4,792,556 | 4,383,972 | 15,403,663 |
| 10 | Victoria's Secret & Co. | 2025 | Hillary Super | 1,222,846 | 8,039,570 | 0 | 3,626,705 | 14,381,494 |
| 11 | Abercrombie & Fitch Co. | 2025 | Fran Horowitz | 1,400,000 | 10,456,903 | 0 | 1,372,000 | 13,300,257 |
| 12 | Hanesbrands Inc. | 2024 | Stephen Bratspies | 1,250,000 | 8,284,399 | 0 | 3,306,739 | 12,933,300 |
| 13 | American Eagle Outfitters, Inc. | 2025 | Jay Schottenstein | 1,750,000 | 6,650,011 | 2,850,001 | 1,071,875 | 12,662,838 |
| 14 | Capri Holdings Limited | 2026 | John Idol | 1,350,000 | 4,999,994 | 0 | 5,400,000 | 11,909,990 |
| 15 | Under Armour, Inc. | 2026 | Kevin Plank | 903,462 | 9,040,000 | 510,000 | 1,128,150 | 11,597,975 |
| 16 | Big Lots, Inc. | 2023 | Bruce Thorn | 1,223,077 | 5,019,800 | 0 | 1,290,240 | 7,755,707 |
| 17 | Urban Outfitters, Inc. | 2026 | Richard A. Hayne | 1 | 0 | 0 | 1,000,000 | 1,042,012 |
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 |
|---|---|---|---|---|
| Victoria's Secret & Co. | not disclosed | not disclosed | not disclosed | not disclosed |
| Abercrombie & Fitch Co. | 49% | PSU 50 · RSU 50 | Yes — Relative TSR vs. compensation peer group | Semler Brossy Consulting Group, LLC |
| American Eagle Outfitters, Inc. | not disclosed | PSU 50 · Option 30 · RSU 20 | not disclosed | FW Cook |
| Big Lots, Inc. | not disclosed | PSU 33.33 · RSU 33.33 · SVCA 33.33 | not disclosed | Meridian |
| Burlington Stores, Inc. | 157% | PSU 65 · RSU 35 | No | Meridian Compensation Partners LLC |
| Capri Holdings Limited | 200% | RSU 100 | not disclosed | Willis Towers Watson (WTW) |
| Gap, Inc. | 158% | PRSU 60 · RSU 40 | No | Frederic W. Cook & Co., Inc. |
| 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 |
| 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 |
| Tapestry, Inc. | not disclosed | PRSU 50 · Option 25 · RSU 25 | Yes — Relative TSR | FW Cook |
| Ulta Beauty, Inc. | not disclosed | Option 50 · RSU 50 | not disclosed | Pay Governance LLC |
| Under Armour, Inc. | 60% | RSU 100 | No | Willis Towers Watson |
| Urban Outfitters, Inc. | 100% | PSU 50 · RSU 50 | No | Korn Ferry Hay Group |
| 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
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 (48 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, Hillary Super. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · page 58. As printed: 14,381,494. View filing ↗
- Section 01, Dein Boyle. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · page 58. As printed: 5,928,951. View filing ↗
- Section 01, Melinda McAfee. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · page 58. As printed: 4,514,242. View filing ↗
- Section 01, Scott Sekella. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · page 58. As printed: 4,031,309. View filing ↗
- Section 01, Elizabeth Preis. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · page 58. As printed: 3,221,226. View filing ↗
- Section 03, Dein Boyle PSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Dein Boyle RSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Melinda McAfee PSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Melinda McAfee RSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Elizabeth Preis PSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Elizabeth Preis RSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Scott Sekella PSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Scott Sekella RSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Scott Sekella RSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Hillary Super PSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Hillary Super RSU. DEF 14A, filed 2026-05-01. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Donna James. DEF 14A, filed 2026-05-01. Section “Director Compensation”. As printed: 468,800. View filing ↗
- Section 08, Irene Chang Britt. DEF 14A, filed 2026-05-01. Section “Director Compensation”. As printed: 288,800. View filing ↗
- Section 08, Sarah Davis. DEF 14A, filed 2026-05-01. Section “Director Compensation”. As printed: 288,800. View filing ↗
- Section 08, Anne Sheehan. DEF 14A, filed 2026-05-01. Section “Director Compensation”. As printed: 283,800. View filing ↗
- Section 08, Lauren Peters. DEF 14A, filed 2026-05-01. Section “Director Compensation”. As printed: 273,800. View filing ↗
- Section 08, Jacqueline Hernández. DEF 14A, filed 2026-05-01. Section “Director Compensation”. As printed: 268,800. View filing ↗
- Section 08, Rod Little. DEF 14A, filed 2026-05-01. Section “Director Compensation”. As printed: 248,800. View filing ↗
- Section 08, Mariam Naficy. DEF 14A, filed 2026-05-01. Section “Director Compensation”. As printed: 243,800. View filing ↗
- Section 08, David McCreight. DEF 14A, filed 2026-05-01. Section “Director Compensation”. As printed: 235,200. 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 1,308,500 + equity 1,292,100 + all other 0 = 2,600,600, summed across the director compensation table rows.
- 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 ↗
- 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 ↗
- 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 ↗
- Gap, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Gap, Inc.'s own proxy. As printed: 17,185,636. View filing ↗
- Burlington Stores, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Burlington Stores, Inc.'s own proxy. As printed: 17,149,564. 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 ↗
- 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 ↗
- Victoria's Secret & Co. (subject), Section 10b CEO total. DEF 14A, filed 2026-05-01. CEO total compensation as printed in Victoria's Secret & Co.'s own proxy. As printed: 14,381,494. View filing ↗
- Abercrombie & Fitch Co., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Abercrombie & Fitch Co.'s own proxy. As printed: 13,300,257. 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 ↗
- American Eagle Outfitters, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-15. CEO total compensation as printed in American Eagle Outfitters, Inc.'s own proxy. As printed: 12,662,838. 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 ↗
- Big Lots, Inc., Section 10b CEO total. DEF 14A. CEO total compensation as printed in Big Lots, Inc.'s own proxy. As printed: 7,755,707. View filing ↗
- Urban Outfitters, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Urban Outfitters, Inc.'s own proxy. As printed: 1,042,012. View filing ↗
- Section 10a, Abercrombie & Fitch Co. reciprocity. DEF 14A. Abercrombie & Fitch Co. names Victoria's Secret & Co. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Tapestry, Inc. reciprocity. DEF 14A. Tapestry, Inc. names Victoria's Secret & Co. 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 Victoria's Secret & Co. in its own disclosed peer group (read from its most recent proxy). View filing ↗