Nike Finds CEO John Donahoe’s Pay – WWD

John Donahoe, president and important government officer of Nike Inc., noticed his goal pay be on one?s feet by means of 13.7 p.c to $32.8 million extreme future, in step with the corporate’s annual proxy commentary.

That incorporated wage of $1.5 million, incentive pay of $6.8 million and alternative reimbursement of $4 million, which used to be most commonly made up of $3.9 million in charitable contributions made by means of the corporate to check the CEO’s personal donations.

However the bulk of Donahoe’s pay got here from reserve and choice awards valued at $20.5 million as of the month they have been granted.

The Securities and Change Fee not too long ago mandated an backup reporting form for CEO pay — reimbursement in fact paid — which seems at how the price of his unvested stocks modified over the future.

Via that metric, Donahoe’s pay tallied $29.4 million, or $3.4 million under the objective pay that Nike’s board envisioned for him. His “actual” pay will have been upper, however the corporate’s reserve for the fiscal future ended Would possibly 31 fell by means of 11.4 p.c. 

Future Nike rest the energetic powerhouse in style, the reserve is i’m sick since he took the helm in January 2020. 

In step with some other newly mandated knowledge level referred to within the regulatory submitting, $100 invested in Nike at the beginning of its 2021 fiscal future used to be importance $109.51 nearest 3 years — not up to the $116.84 shareholder go back evident by means of the corporate’s decided on peer workforce, the Dow Jones U.S. Index.

The proxy units the schedule for Nike’s annual assembly, which might be hung on Sept. 12.

This future, along with the standard trade of electing administrators and appointing an auditor, buyers also are because of imagine shareholder proposals on a supplemental pay fairness disclosure and a provide chain control record.