January 18, 2021

Proxy Details Ralph Lauren, Stefan Larsson Pay Packages

Ralph Lauren, executive chairman and chief creative officer of Ralph Lauren Corp., saw his total compensation decline for the last two years in a row.
Lauren’s total compensation for the year ended April 1 fell 24 percent to $13 million from $17.2 million in fiscal year 2016. In contrast, his salary a year ago was a 28.4 percent drop from fiscal 2015’s total compensation of nearly $24 million. Lauren’s base salary in 2017 of $1.75 million was a slight decline from the $1.78 million a year ago. Stock awards in the two years were the same at $11 million. One change was the $4.1 million in non-equity that he received last year, but not in the fiscal year that just ended. The balance of compensation was for personal benefits such as $65,037 for use of an automobile and driver and personal security and $200,000 for travel reimbursements.
Former president and chief executive officer Stefan Larsson saw his salary rise 46 percent to $16.2 million in fiscal year 2017. That was comprised of nearly $1.3 million as a base salary, nearly $9.5 million in stock awards and $4.2 million in non-equity incentive plan compensation. That compares with total compensation of $11.1 million in

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