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Consumer & Retail

Five Below Executive Compensation (FY25)

FIVE · Executive and director compensation, fiscal 2022 to 2025
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
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Data as of November 4, 2026Latest filing (8-K): June 16, 2026
14 filings cited on this page
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411 figures on this page: 402 cited to the filing that reported them, 9 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 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 and 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
◇—◇———◇◇
Judy Werthauser
Former Chief Experience Officer
Departed during or after this year
◇—◇———◇◇
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
Former Chief Retail Officer
◇—◇—◇—◇◇
Eric Specter
Chief Administrative Officer
◇—◇—◇—◇◇
Kristy Chipman
Former 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
Former Chief Retail Officer
◇◇◇———◇◇
Eric Specter
Chief Administrative Officer
◇◇◇———◇◇
Kristy Chipman
Former Chief Financial Officer & Treasurer
◇◇◇———◇◇
Winnie Park
Chief Executive Officer and President
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Winnie Park
Chief Executive Officer and President
◇—◇—◇—◇◇
Kenneth Bull
Chief Operating Officer
◇—◇—◇—◇◇
Daniel Sullivan
Chief Financial Officer
◇◇◇—◇—◇◇
George Hill
Former Chief Retail Officer
Departed during or after this year
◇—◇—◇—◇— 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◇◇◇—◇—◇
Joel D. AndersonRSU◇——◇——◇
Joel D. AndersonPSU◇◇◇—◇—◇
Joel D. AndersonPSU◇◇◇—◇—◇
Kenneth R. BullPSU◇◇◇—◇—◇
Kenneth R. BullRSU◇——◇——◇
Kenneth R. BullPSU◇◇◇—◇—◇
Kristy ChipmanPSU◇◇◇—◇—◇
Kristy ChipmanRSU◇——◇——◇
Michael F. RomankoRSU◇——◇——◇
Michael F. RomankoPSU◇◇◇—◇—◇
Michael F. RomankoRSU◇——◇——◇
Michael F. RomankoPSU◇◇◇—◇—◇
Michael F. RomankoPSU◇◇◇—◇—◇
Thomas G. VelliosRSU◇——◇——◇
Thomas G. VelliosRSU◇——◇——◇
Thomas G. VelliosRSU◇——◇——◇
Winnie Y. ParkPSU◇◇◇—◇—◇
Winnie Y. ParkRSU◇——◇——◇
Winnie Y. ParkPSU◇◇◇—◇—◇
Fiscal 2022, 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
Winnie ParkPSU◇◇——
RSU◇◇——
RSU◇◇——
Kenneth BullPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Daniel SullivanRSU◇◇——
Amit JhunjhunwalaRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Eric SpecterRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
George HillRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Amit Jhunjhunwala
Chief Information Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Severance cash amount◇
Benefits continuation on change in control◇
Benefits continuation◇
Daniel Sullivan
Chief Financial Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Eric Specter
Chief Administrative Officer · Employment agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Benefits continuation on change in control◇
Benefits continuation◇
Kenneth Bull
Chief Operating Officer · Employment agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Benefits continuation◇
Excise tax treatment◇
Kristy Chipman
Former Chief Financial Officer & Treasurer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Severance cash amount◇
Benefits continuation◇
Excise tax treatment◇
Winnie Park
Chief Executive Officer and President · Employment agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2026
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
◇◇————◇
Richard L. Markee
◇◇————◇
Zuhairah S. Washington
◇◇————◇
Mimi E. Vaughn
◇◇————◇
Thomas M. Ryan
◇◇————◇
Bernard Kim
◇—————◇
Winnie Y. Park and Robert Lynch served on the board in fiscal 2026 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.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2026
  • Abercrombie & Fitch ANF
  • American Eagle Outfitters, Inc. AEO
  • Bath and Body Works BBWI
  • Crocs CROX
  • Etsy ETSY
  • Floor & Décor FND
  • Ollie’s Bargain Outlet OLLIE
  • 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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Sample answer — “What is the CEO’s total compensation?”
- Winnie Park (Chief Executive Officer and President), FY2025 total compensation $10,814,084 (base salary $1,100,000) [exec_comp, SEC accession 0001193125-26-199315, filed 2026-05-01]

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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.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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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.
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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.
411 figures on this page: 402 cited to the filing that reported them, 9 calculated from figures it prints.
402 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001193125-26-272704
    PROPOSAL 3 : Approval on an advisory (non-binding) basis of the Company’s named executive officer compensation.
  2. 0001193125-26-199315
    Grants of Plan-Based Awards
  4. 0001193125-25-140782
    PROPOSAL 3 : Approval on an advisory (non-binding) basis of the Company’s named executive officer compensation.
  5. 0001193125-25-110746
  6. 0001193125-24-159941
  7. 0001193125-24-128057
    Summary Compensation Table
  8. 0001193125-23-166957
  9. 0001193125-23-134469
  10. 0001193125-22-173907
  11. 0001193125-21-193461
  12. 0001193125-20-171122
  13. 0001193125-19-178736
  14. 0001193125-16-633092
Cite this data
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Velarion, “Five Below executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FIVE (accessed 2026).
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14 filings cited on this page
Method: intel.velarion.ai/methodology
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Consumer & Retail rankings

Chief executive pay — Consumer & RetailCEO pay ratio — Consumer & RetailSay-on-pay support — Consumer & Retail

Peers Five Below discloses

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

Abercrombie & FitchAmerican Eagle Outfitters, Inc.Bath and Body WorksCrocsEtsyFloor & DécorUlta 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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