In 2024, Stephen B. Bratspies earned $4.44M in total compensation at Hanesbrands, including $1.25M salary and $3.10M in stock. Led Hanesbrands as CEO for 5 years.
Compensation History
Annual executive compensation data for Stephen B. Bratspies, including salary, bonuses, and stock awards.
Year
2024
Total Compensation
$4.44M
Salary
$1.25M
Bonus
$0.00
Other
$92.16K
Salary
$1.25MBoard Justification
Our Board, primarily through the Talent and Compensation Committee, defines and oversees our executive compensation program, which is based on a pay-for-performance philosophy and designed to accomplish the following goals: Reward financial and operational performance Place a significant portion of compensation at risk based on achievement of performance goals Align the interests of NEOs with those of our stockholders Attract, retain and incentivize highly skilled and performance-oriented talent
Bonus
$0.00Board Justification
No bonus was paid out to the CEO in 2024.
Other Compensation
$92.16KBoard Justification
Other compensation includes long-term disability insurance policy premiums ($11,938) and contributions pursuant to defined contribution retirement programs, which consist of the qualified 401(k) plan ($13,800) and the Defined Contribution Component of the SERP ($66,280).
Restricted Stock
Board Justification
PSAs awarded to our participating NEOs in fiscal 2022 could be earned based on three-year average achievement with respect to cash flow from operations goals and adjusted earnings per share (“adjusted EPS”) goals, which were equally weighted
Performance Metrics
The performance metrics for the AIP for fiscal 2024 were net organic sales (weighted at 50%) and adjusted operating income (weighted at 50%), with debt leverage as a 20% modifier. The metrics for our PSA awards granted in 2023 were adjusted earnings per share growth and cash flow from operations growth (equally weighted). In 2024, the Committee determined it was appropriate to maintain a cash flow from operations goal because it believes strong cash flow from operations can enhance stockholder value in numerous ways, including strategic investment, dividends and stock repurchases, and debt reduction. It also eliminated the adjusted earnings per share growth metric in favor of 3-year goals related to adjusted operating margin and rTSR because the Committee believes these metrics have the ability to align the performance of our continuing NEOs with stockholder value by incorporating aspects of growth, quality of sales and capital efficiency.
Stephen B. Bratspies
Ex-CEO of Hanesbrands
Education
M.B.A. from The Wharton School; B.A. in Economics from Franklin and Marshall College
Field of Expertise
Business & Management
Sector of Economy
Consumer Cyclical
Born
January 1, 1968 - 57 years ago
CEO of Hanesbrands for
5 years 0 months (Aug 2020 - Aug 2025)
Previous Experience
Chief Merchandising Officer at Walmart Inc.
Holdings
Track Stephen B. Bratspies's stock holdings and portfolio value over time.
Insider Trading
Stephen B. Bratspies's recent stock transactions, purchases, and sales filed with the SEC.
No insider trades found for this CEO.
Rivals
Compare Stephen B. Bratspies with competitor CEOs and industry peers.
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Bonus
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2014 Compensation
Stock
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Salary
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Bonus
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2014 Compensation
Stock
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Salary
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Bonus
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Other
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