Edgewell Personal Care Company filed a proxy statement supplement on January 24, 2025, providing updated disclosures regarding executive compensation and the composition of its named executive officers (NEOs) for fiscal year 2024. The supplement includes information on compensation and beneficial ownership for Paul R. Hibbert, the Chief Supply Chain Officer, who was added as a named executive officer.
The document outlines the base salaries and bonus targets for key executives, including President and CEO Rod Little, Chief Operating and Financial Officer Daniel J. Sullivan, and Chief Supply Chain Officer Paul R. Hibbert. For fiscal 2024, Mr. Little's base salary remained $1,100,000 with a bonus target of 125%, while Mr. Sullivan's base salary increased to $800,000 with a 75% bonus target.
The supplement also details the company's long-term incentive awards, which are generally granted in the first quarter of the fiscal year and include Restricted Stock Equivalents (RSEs), Performance-based Restricted Stock Equivalents (PRSEs), and stock options. These awards are designed to align executive compensation with financial performance and stock price appreciation, reinforcing shareholder value.
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