David Kimbell is the current CEO of Ulta Beauty, Inc., a leading beauty retailer known for its wide range of cosmetics, skincare, and fragrance products. He took over as CEO on June 2, 2021, after serving as the President and...

David Kimbell is the current CEO of Ulta Beauty, Inc., a leading beauty retailer known for its wide range of cosmetics, skincare, and fragrance products. He took over as CEO on June 2, 2021, after serving as the President and Chief Merchandising Officer for the company. Kimbell is a marketing expert, with years of experience in retail that he brings to his role. In 2023, his total compensation reached nearly $12.7 million, which included a significant cash bonus tied to the company's performance. Notably, his bonus payout was based on the company's earnings before taxes (EBT), which fell slightly short of the target. Kimbell is a key figure in Ulta’s growth strategy, leading initiatives that align with changing consumer preferences. He’s been involved with big decisions including corporate strategy and merchandise planning, crucial for keeping the company competitive in a fast-evolving market. He also holds substantial amounts in company stock and is an active trader, showing confidence in Ulta's future.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ulta Beauty, Inc. CEOs

U

David Kimbell

Ex-CEO of Ulta Beauty, Inc.

Education

Not specified

Field of Expertise

Sales & Marketing - Marketing

Sector of Economy

Consumer Cyclical

CEO of Ulta Beauty, Inc. for

3 years 7 months (Jun 2021 - Jan 2025)

Previous Experience

Chief Merchandising and Marketing Officer of Ulta Beauty, Inc.; President & Chief Merchandising and Marketing Officer of Ulta Beauty, Inc.

Rivals

Competitors/colleagues of David Kimbell

C

Darren M. Rebelez

CEO of Casey's General Stores

2023 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$2.83M

Other

$0.00

Total Holdings

$35.69M

T

Brian Cornell

CEO of Target

2023 Compensation

Stock

$13.57M

Salary

$1.40M

Bonus

$831.60K

Other

$469.04K

Total Holdings

$71.48M

B

Sharon Price John

CEO of Build-A-Bear Workshop

2021 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$0.00

Total Holdings

$16.99M

Holdings

See how much did David Kimbell make over time.

David Kimbell has demonstrated significant engagement with Ulta Beauty's stock over the years, with his holdings showing substantial growth. His insider trading activities reflect his belief in the company's potential. For instance, he extensively bought shares during a peak period,...

David Kimbell has demonstrated significant engagement with Ulta Beauty's stock over the years, with his holdings showing substantial growth. His insider trading activities reflect his belief in the company's potential. For instance, he extensively bought shares during a peak period, where his total asset value soared to nearly $34 million by January 2022. This growth mirrored Ulta's stock performance, aligning with his position and the company's strong earnings in recent years. However, post-2022, there has been some fluctuation, with his holding value tapering down to around $21 million by 2023. Yet, he continues to hold a large number of shares, retaining a strong stake in Ulta Beauty's future.

Total Stock Sold

$27.14M

ULTA

$27.14M

70,842 ULTA shares

What if they kept their stock?

If David Kimbell didn't sell their stock, today they would have:
Extra ULTA70,842 shares worth $14.34M.
This is -47.15% and $12.80M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David Kimbell.

ULTA

3,667 shares

ULTA

Mar 29, 2024

Received

ULTA

13,610 shares

ULTA

Feb 19, 2024

Received

ULTA

3,241 shares

ULTA

Mar 31, 2023

Received

ULTA

$5.37M

ULTA at $467.40/share

Dec 13, 2022

Sale

ULTA

$6.29M

ULTA at $425.40/share

Sep 2, 2022

Sale

ULTA

$6.29M

ULTA at $425.40/share

Sep 2, 2022

Sale

ULTA

3,244 shares

ULTA

Mar 24, 2022

Received

ULTA

3,943 shares

ULTA

Mar 25, 2021

Received

ULTA

24,042 shares

ULTA

Mar 27, 2020

Received

ULTA

2,205 shares

ULTA

Mar 29, 2019

Received

Compensation History

See how much did David Kimbell make over time.

In 2023, CEO David Kimbell’s compensation package totaled about $12.7 million, primarily structured around performance incentives. His salary was about $1.35 million, alongside a cash bonus of nearly $2.4 million, which depended on the company's EBT performance. He did not receive any stock grants or vested stock in 2023, as his compensation relies heavily on future performance metrics rather than immediate rewards. This aligns with Ulta's approach to incentivize long-term growth and shareholder value. Kimbell's compensation also comes with other perks, including a 401(k) match and long-term disability premiums. This strategic compensation plan showcases how Ulta aims to attract and motivate top talent while keeping their goals in sync with corporate performance.

Year

2023

Total Compensation

$3.82M

Salary

$1.35M

Board Justification

The compensation philosophy aims to attract, retain, and motivate talented executives, linking a significant portion of compensation to performance metrics that drive stockholder value.

Bonus

$2.38M

Board Justification

Annual cash incentive based on earnings before taxes (EBT) performance, with a payout of 97.84% of target due to EBT performance of $1.696 billion, slightly below the target of $1.703 billion.

Other

$93.42K

Board Justification

Other compensation includes 401(k) match, deferred compensation match, long-term disability premiums, and other perquisites such as health screenings and life insurance premiums.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock was vested in 2023 as the focus is on performance-based stock awards that vest in future periods.

Performance Metrics

The primary performance metric for the annual incentive plan is earnings before taxes (EBT), with a target set at the beginning of the fiscal year.

Other Ulta Beauty, Inc. CEOs

Here are other CEOs of Ulta Beauty, Inc.

Mary Dillon

Ex-CEO of Ulta Beauty, Inc.

July 2013 - June 2021

Kecia L. Steelman

CEO of Ulta Beauty, Inc.

January 2025 - Present