Women’s Wear Daily
04.18.2014
fashion-scoops
fashion-scoops

American Eagle Outfitters Offers Robert Hanson a Hearty Hello

The details of the pay package offered to the company's new chief executive officer were revealed in a filing with the SEC.

fashion-scoops/news

HANSON’S HEARTY HELLO: American Eagle Outfitters Inc. gave Robert Hanson plenty of good reasons to join the company as chief executive officer — more than 8.6 million at last count. According to a Securities and Exchange Commission filing, the former global president of the Levi’s brand will get a $3.3 million signing bonus plus $300,000 in deferred compensation, payable in three installments upon the anniversary of his Jan. 30 start date. He’s also in line for a restricted stock unit award valued at $2.5 million and a $2.5 million stock option grant. Once on the job, he’ll be salaried at just over $1 million a year and eligible for cash bonuses of $1.3 million in his first year and $2.7 million after that. His long-term equity compensation starts off next year with a minimum potential value of $3.2 million. Plus he’s entitled to a “single luxury automobile” and, while not picked up by the company, his pick of a home will be in a far more affordable housing market in Pittsburgh than the one he left behind in San Francisco.

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