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Five Below Executive Compensation (FY25)

FIVE · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 7, 2026Latest filing (8-K): June 16, 2026
13 filings cited on this page
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Published by Velarion Company Intelligence
Five Below brief$1,500Get the executive brief
328 figures on this page: 319 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Winnie Park
Median of the other named officers
$2,900,882
6 officers, excluding the chief executive
Latest say-on-pay support
=
June 16, 2026
Chief executive pay ratio
◇
To the median employee
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 total compensation — Winnie Park: $1,204,010 → $10,814,084
Say-on-pay support: 96.7% → 95.1% (1.6 points lower)
CEO pay ratio: 1,126:1 → 1,807:1 (60.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Five Below's chief executive and what were they paid?
Winnie Park was paid $10,814,084 in total compensation as Chief Executive Officer & President for fiscal 2025. Park's total moved up from the $1,204,010 reported for fiscal 2024.
What was Five Below's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 95.1% of votes cast for or against in favor at the meeting held June 16, 2026.
Which companies are in Five Below's peer group?
Companies named in the disclosed peer group include Abercrombie & Fitch, American Eagle Outfitters, Inc., Bath and Body Works, Crocs and Etsy, among others.
What is Five Below's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 1,807:1, against median employee compensation of $5,982.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joel Anderson
President and Chief Executive Officer
◇—◇———◇◇
Michael Romanko
Chief Merchandising Officer
◇—◇———◇◇
Kenneth Bull
Chief Operating Officer
◇—◇———◇◇
Eric Specter
Chief Administrative Officer
◇—◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joel Anderson
President and Chief Executive Officer
◇—◇—◇—◇◇
Kenneth Bull
Chief Operating Officer
◇—◇—◇—◇◇
Michael Romanko
Chief Merchandising Officer
◇—◇—◇—◇◇
George Hill
George Hill
◇—◇—◇—◇◇
Eric Specter
Chief Administrative Officer
◇—◇—◇—◇◇
Kristy Chipman
Chief Financial Officer & Treasurer
◇—◇—◇—◇— not reconciled
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joel Anderson
Former President and Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Kenneth Bull
Chief Operating Officer
◇◇◇———◇◇
Michael Romanko
Former Chief Merchandising Officer
Departed during or after this year
◇—◇———◇◇
Thomas Vellios
Executive Chairman
◇—◇———◇◇
George Hill
Chief Retail Officer
◇◇◇———◇◇
Eric Specter
Chief Administrative Officer
◇◇◇———◇◇
Kristy Chipman
Chief Financial Officer & Treasurer
◇◇◇———◇◇
Winnie Park
Chief Executive Officer & President
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Winnie Park
Chief Executive Officer & President
◇—◇—◇—◇◇
Kenneth Bull
Chief Operating Officer
◇—◇—◇—◇◇
Daniel Sullivan
Chief Financial Officer and Treasurer
◇◇◇—◇—◇◇
George Hill
Prior Chief Retail Officer
◇—◇—◇—◇— not reconciled
Eric Specter
Chief Administrative Officer
◇—◇—◇—◇◇
Amit Jhunjhunwala
Chief Information Officer
◇—◇—◇—◇◇
Kristy Chipman
Former Chief Financial Officer & Treasurer
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Amit JhunjhunwalaRSU◇——◇——◇
Amit JhunjhunwalaPSU◇◇◇—◇—◇
Amit JhunjhunwalaPSU◇◇◇—◇—◇
Daniel J. SullivanRSU◇——◇——◇
Eric M. SpecterPSU◇◇◇—◇—◇
Eric M. SpecterRSU◇——◇——◇
Eric M. SpecterPSU◇◇◇—◇—◇
George HillRSU◇——◇——◇
George HillPSU◇—◇—◇—◇
George HillPSU◇—◇—◇—◇
Kenneth R. BullPSU◇◇◇—◇—◇
Kenneth R. BullRSU◇——◇——◇
Kenneth R. BullPSU◇◇◇—◇—◇
Kristy ChipmanPSU◇◇◇—◇—◇
Kristy ChipmanRSU◇——◇——◇
Winnie Y. ParkPSU◇◇◇—◇—◇
Winnie Y. ParkRSU◇——◇——◇
Winnie Y. ParkPSU◇◇◇—◇—◇
Fiscal 2024 are included in the PDF.
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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Amit JhunjhunwalaRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Eric SpecterRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Kenneth BullPSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
George HillRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Winnie ParkPSU◇◇——
RSU◇◇——
RSU◇◇——
Daniel SullivanRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael F. Devine III
Board chair
◇◇————◇
Dinesh S. Lathi
◇◇————◇
Ronald L. Sargent
◇◇————◇
Karen Bowman
◇◇————◇
Kathleen S. Barclay
◇◇————◇
Mimi E. Vaughn
◇◇————◇
Zuhairah S. Washington
◇◇————◇
Thomas M. Ryan
◇◇————◇
Richard L. Markee
◇◇————◇
Bernard Kim
◇—————◇
Winnie Y. Park, Thomas G. Vellios and Robert Lynch served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
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◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.
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 ANF
  • American Eagle Outfitters, Inc. AEO
  • Bath and Body Works BBWI
  • Crocs CROX
  • Etsy ETSY
  • Floor & Decor FND
  • Ollie's Bargain Outlet OLLI
  • Ulta Beauty, Inc. ULTA
  • Williams-Sonoma WSM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 16, 2026=◇◇◇
2024June 12, 2025=◇◇◇
2023June 11, 2024=◇◇◇
2022June 13, 2023=◇◇◇
2021June 14, 2022=◇◇◇
2020June 15, 2021=◇◇◇
2019June 16, 2020=◇◇◇
2018June 18, 2019=◇◇◇
2015June 21, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Five Below disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Five Below 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 — $1,500
Written 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 — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable 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 Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
328 figures on this page: 319 cited to the filing that reported them, 9 calculated from figures it prints.
319 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001193125-26-272704
  2. 0001193125-26-199315
    BOARD OF DIRECTORS · CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · and 2 more sections
  3. 0001193125-25-140782
  4. 0001193125-25-110746
    Summary Compensation Table
  5. 0001193125-24-159941
  6. 0001193125-24-128057
    Summary Compensation Table
  7. 0001193125-23-166957
  8. 0001193125-23-134469
    Summary Compensation Table
  9. 0001193125-22-173907
  10. 0001193125-21-193461
  11. 0001193125-20-171122
  12. 0001193125-19-178736
  13. 0001193125-16-633092
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Five Below executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FIVE (accessed 2026).
Short form: data: Velarion

The Five Below 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.
Get the executive briefGet the board briefNo account needed.
13 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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Peers Five Below discloses

The companies named in FIVE's own disclosed peer group.

Abercrombie & FitchAmerican Eagle Outfitters, Inc.Bath and Body WorksCrocsEtsyFloor & DecorOllie's Bargain OutletUlta Beauty, Inc.Williams-Sonoma

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

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}
}
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