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Martin Waters has been the CEO of Victoria's Secret since 2021, leading the company through a significant transformation. He holds a Bachelor’s degree in Business, bringing solid expertise to the business world. Under Martin's leadership, Victoria's Secret has focused on...

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Martin Waters

Ex-CEO of Victoria's Secret

Education

Bachelor's degree in Business

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

January 1, 1965 - 60 years ago

CEO of Victoria's Secret for

0 years 8 months (Jan 2024 - Sep 2024)

Previous Experience

CEO of Victoria's Secret

Rivals

Competitors/colleagues of Martin Waters

Holdings

See how much did Martin Waters make over time.

As CEO, Martin Waters has seen varied fluctuations in his stock holdings with Victoria's Secret. In August 2021, his holdings peaked at approximately $15.54 million. This value has since decreased, reflecting market dynamics and company performance. By September 2023, his...

Mar 17, 2025

Total Stock Sold

$3.19M

VSCO

$3.19M

75,303 VSCO shares

What if they kept their stock?

If Martin Waters didn't sell their stock, today they would have:
Extra VSCO75,303 shares worth $4.38M.
This is 37.53% and $1.20M more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Martin Waters.

VSCO

69,901 shares

VSCO

Mar 20, 2024

Received

VSCO

176,754 shares

VSCO

Mar 19, 2024

Received

VSCO

77,973 shares

VSCO

Mar 16, 2023

Received

VSCO

46,611 shares

VSCO

Mar 16, 2022

Received

VSCO

$3.49M

VSCO at $46.35/share

Mar 7, 2022

Sale

VSCO

205,771 shares

VSCO

Aug 3, 2021

Received

Compensation History

See how much did Martin Waters make over time.

In 2023, Martin Waters had a total compensation of $1.85 million as CEO of Victoria's Secret. His salary was $1.2 million, supplemented by a $300,000 bonus based on company performance, particularly revenue growth and EBITDA targets. Additionally, he vested 15,000 shares of restricted stock units worth $450,000, part of a long-term incentive plan. Martin also received $50,000 in other compensation that includes retirement contributions and health benefits. This compensation structure showcases how he is rewarded for aligning closely with the company's performance metrics, linking executive success with shareholder value. In comparison, in 2022, his total compensation was $4 million due to a larger vested stock value coming into play, suggesting variability in pay that reflects company performance.

Year

2023

Total Compensation

$2.00M

Salary

$1.20M

Board Justification

The compensation philosophy is designed to attract, retain, and motivate top executive talent while aligning their interests with those of shareholders through performance-based incentives.

Bonus

$300.00K

Board Justification

The bonus is based on the company's performance metrics including revenue growth and EBITDA targets for the fiscal year 2023.

Other

$50.00K

Board Justification

Other compensation includes retirement contributions and health benefits.

Restricted Stock

$450.00K(15K RSU)

Board Justification

15,000 shares of restricted stock units (RSUs) vested in 2023 as part of the long-term incentive plan, based on performance criteria being met.

Performance Metrics

Performance metrics include revenue growth, EBITDA targets, and market share improvements.