Carters Executive Compensation (FY25)
CRI · Executive and director compensation, fiscal 2023 to 2025
The Carters brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 19, 2026Latest filing (8-K): May 14, 2026
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
148 figures on this page: 144 cited to the filing that reported them, 4 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Michael Casey → Douglas Palladini
Say-on-pay support: 94.1% → 95.4% (1.3 points higher)
CEO pay ratio: 804:1 → 542:1 (32.6% lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Carters' chief executive and what were they paid?
Douglas Palladini was paid $7,496,679 in total compensation as Chief Executive Officer & President, Director for fiscal 2025.
What was Carters' say-on-pay result?
The say-on-pay proposal drew 95.4% of votes cast for or against in favor at the meeting held May 13, 2026 for fiscal 2025.
Which companies are in Carters' peer group?
The disclosed peer group names Abercrombie & Fitch Co., American Eagle Outfitters, Inc., Columbia Sportswear Company, G-III Apparel Group, Ltd. and Gildan Activewear, Inc., among others.
What is Carters' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 542:1, against median employee compensation of $13,844.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Casey Former Chairman, Chief Executive Officer & President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kendra Krugman Former Chief Product Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Richard Westenberger Chief Financial Officer & Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Karen Smith Chief Supply Chain Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Casey Former Chairman, Chief Executive Officer & President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Allison Peterson Chief Retail & Digital Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Richard Westenberger Chief Financial Officer & Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Karen Smith Chief Supply Chain Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Douglas Palladini Chief Executive Officer & President, Director | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Richard Westenberger Chief Financial Officer & Chief Operating Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Emily Evert Chief Strategy Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kendra Krugman Former Chief Product Officer Departed during or after this year | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Allison Peterson Chief Retail & Digital Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Karen Smith Chief Supply Chain Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Casey Former Chairman, Chief Executive Officer & President Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Allison M. Peterson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Douglas C. Palladini | PSU | ◇ | ◇ | ◇ | ◇ | ◇ | — | ◇ |
| Douglas C. Palladini | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Emily D. Evert | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Karen G. Smith | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Kendra D. Krugman | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Richard F. Westenberger | PSU | ◇ | — | ◇ | ◇ | ◇ | — | ◇ |
| Richard F. Westenberger | PSU | ◇ | — | ◇ | ◇ | ◇ | — | ◇ |
| Richard F. Westenberger | RSU | ◇ | — | — | ◇ | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Allison Peterson | PSU | ◇ | ◇ | — | — |
| Richard Westenberger | PSU | ◇ | ◇ | — | — |
| Michael Casey | PSU | ◇ | ◇ | — | — |
| Emily Evert | PSU | ◇ | ◇ | — | — |
| Karen Smith | PSU | ◇ | ◇ | — | — |
| Douglas Palladini | PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
| Board meeting fee | ◇ |
| Committee meeting fee | ◇ |
Equity is delivered as Common Stock (immediately vested).
Stock ownership guideline: 5x annual cash retainer ($450,000)
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Abercrombie & Fitch Co. ANF
- American Eagle Outfitters, Inc. AEO
- Columbia Sportswear Company COLM
- G-III Apparel Group, Ltd. GIII
- Gildan Activewear, Inc. GIL
- Guess?, Inc. GES
- HanesBrands Inc. HBI
- Kontoor Brands, Inc. KTB
- Levi Strauss & Co. LEVI
- Oxford Industries, Inc. OXM
- Tapestry, Inc. TPR
- The Children's Place, Inc. PLCE
- Under Armour, Inc. UAA
- Urban Outfitters, Inc. URBN
- Victoria's Secret & Co. VSCO
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 13, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 14, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 16, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 17, 2023 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact Carters disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Carters sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
148 figures on this page: 144 cited to the filing that reported them, 4 calculated from figures it prints.
144 cited to the filing
4 calculated from the filing
Documents cited
- 0001060822-26-000074Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001060822-26-000059Director Compensation · FISCAL 2025 GRANTS OF PLAN-BASED AWARDS · OUTSTANDING EQUITY AWARDS AT FISCAL · PAY RATIO DISCLOSURE · and 1 more section
- 0001060822-25-000124Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001060822-25-000089Summary Compensation Table
- 0001060822-24-000115Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-24-086507Summary Compensation Table
- 0001060822-23-000106Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Carters executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CRI (accessed 2026).
Short form: data: Velarion
The Carters brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
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Peers Carters discloses
The companies named in CRI's own disclosed peer group.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}