Executive pay slipped at American Eagle Outfitters Inc. last year as top leaders received no incentive pay.
For the full year, the company’s revenues were down slightly at just under $5 billion while gross profits fell 12 percent to $1.7 billion and net income slipped to $125.1 million.Schottenstein saw his total pay package fall 34.3 percent to $9.8 million from $14.9 million in 2021, when the CEO received $5.9 million in incentive compensation.
The vast majority of the CEO’s pay last year came in the form of stock and option awards, which were valued at $7.8 million, but are dependent on the company’s stock price — tying the executive’s pay to the portfolios of shareholders. , saw her pay decline 38.2 percent to $5.4 million, including stock and options valued at $4 million. “Looking ahead, I see no shortage of opportunities for our company,” the CEO said.
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