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lululemon athletica Executive Compensation (FY25)

LULU · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
André Maestrini
Median of the other named officers
$6,598,239
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 24, 2026
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Data as of October 30, 2026Latest filing (8-K): June 26, 2026
14 filings cited on this page
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427 figures on this page: 417 cited to the filing that reported them, 10 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 — André Maestrini: $4,191,406 → $9,731,844 (132.2% higher)
Say-on-pay support: 83.6% → 63.2% (20.4 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is lululemon athletica's chief executive and what were they paid?
André Maestrini, Interim Co-Chief Executive Officer, President, and Chief Commercial Officer, received $9,731,844 in total compensation for fiscal 2025. Maestrini's total moved 132.2% higher from the $4,191,406 reported for fiscal 2024.
What was lululemon athletica's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 63.2% of votes cast for or against in favor at the meeting held June 24, 2026.
Which companies are in lululemon athletica's peer group?
The disclosed peer group includes Adidas AG, Capri Holdings Limited, Chipotle Mexican Grill, Inc., Columbia Sportswear Company and DICK S Sporting Goods, Inc., among others.

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
Calvin McDonald
Chief Executive Officer
◇—◇◇◇—◇◇
Michelle Choe
Chief Product Officer
◇—◇◇◇—◇◇
Celeste Burgoyne
President, Americas and Global Guest Innovation
◇—◇◇◇——◇
André Maestrini
EVP, International
◇—◇◇◇—◇◇
Meghan Frank
Chief Financial Officer
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Calvin McDonald
Former Chief Executive Officer
◇—◇◇◇—◇◇
Celeste Burgoyne
Former President, Americas and Global Guest Innovation
◇—◇◇◇—◇◇
André Maestrini
Interim Co-Chief Executive Officer, President, and Chief Commercial Officer
Served on an interim basis
◇—◇◇◇—◇◇
Meghan Frank
Interim Co-Chief Executive Officer and Chief Financial Officer
Served on an interim basis
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Calvin McDonald
Former Chief Executive Officer
◇—◇◇◇—◇◇
Celeste Burgoyne
President, Americas and Global Guest Innovation
◇—◇◇◇—◇◇
Meghan Frank
Interim Co-Chief Executive Officer and Chief Financial Officer
Served on an interim basis
◇—◇◇◇——◇
Nicole Neuburger
Chief Brand & Product Activation Officer
◇—◇◇◇—◇◇
Michelle Choe
Former Chief Product Officer
Departed during or after this year
◇—◇◇——◇◇
André Maestrini
Interim Co-Chief Executive Officer, President, and Chief Commercial Officer
Served on an interim basis
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Calvin McDonald
Former Chief Executive Officer
Departed during or after this year
◇—◇◇◇—◇◇
André Maestrini
Interim Co-Chief Executive Officer, President, and Chief Commercial Officer
Served on an interim basis
◇—◇◇◇—◇◇
Meghan Frank
Interim Co-Chief Executive Officer and Chief Financial Officer
Served on an interim basis
◇—◇◇◇——◇
Nicole Neuburger
Chief Brand & Product Activation Officer
◇—◇◇◇—◇◇
Celeste Burgoyne
Former President, Americas and Global Guest Innovation
Departed during or after this year
◇—◇◇———◇
Edward Dagnese
Chief Supply Chain Officer
◇—◇◇◇—◇◇
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
André MaestriniRSU◇——◇——◇
André MaestriniOPTION◇——◇—◇◇
André MaestriniOPTION◇——◇—◇◇
André MaestriniPSU◇◇◇—◇—◇
André MaestriniOPTION◇——◇—◇◇
André MaestriniRSU◇——◇——◇
André MaestriniPSU◇◇◇—◇—◇
André MaestriniRSU◇——◇——◇
Calvin McDonaldPSU◇◇◇—◇—◇
Calvin McDonaldOption——————◇
Celeste BurgoynePSU◇◇◇—◇—◇
Celeste BurgoyneRSU◇——◇——◇
Celeste BurgoyneOPTION◇——◇—◇◇
Edward DagneseOPTION◇——◇—◇◇
Edward DagneseRSU◇——◇——◇
Edward DagneseOPTION◇——◇—◇◇
Edward DagneseRSU◇——◇——◇
Edward DagnesePSU◇◇◇—◇—◇
Meghan FrankOPTION◇——◇—◇◇
Meghan FrankPSU◇◇◇—◇—◇
Meghan FrankOPTION◇——◇—◇◇
Meghan FrankRSU◇——◇——◇
Meghan FrankRSU◇——◇——◇
Meghan FrankPSU◇◇◇—◇—◇
Meghan FrankOPTION◇——◇—◇◇
Meghan FrankRSU◇——◇——◇
Nicole NeuburgerRSU◇——◇——◇
Nicole NeuburgerRSU◇——◇——◇
Nicole NeuburgerOPTION◇——◇—◇◇
Nicole NeuburgerPSU◇◇◇—◇—◇
Nicole NeuburgerOPTION◇——◇—◇◇
Fiscal 2022 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
André MaestriniOption◇—◇03/30/2030
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇03/25/2031
RSU◇◇——
RSU◇◇——
Option◇—◇03/31/2028
Option◇—◇03/30/2029
Celeste BurgoynePSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇03/31/2028
Option◇—◇03/30/2029
Option◇—◇03/30/2030
Option◇—◇03/25/2031
Calvin McDonaldPSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇03/31/2028
Option◇—◇03/30/2029
Option◇—◇03/30/2030
Option◇—◇03/25/2031
Nicole NeuburgerRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇06/08/2029
Option◇—◇03/31/2028
Option◇—◇03/30/2029
Option◇—◇03/30/2030
Option◇—◇03/25/2031
Option◇—◇06/07/2031
Meghan FrankPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇03/30/2029
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇03/31/2028
Option◇—◇03/30/2030
Option◇—◇03/25/2031
Option◇—◇06/07/2031
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
Martha Morfitt
◇◇————◇
David Mussafer
◇◇————◇
Emily White
◇◇————◇
Teri List
◇◇————◇
Kathryn Henry
◇◇————◇
Isabel Mahe
◇◇————◇
Shane Grant
◇◇————◇
Jon McNeill
◇◇————◇
Alison Loehnis
◇◇————◇
Michael Casey
◇◇————◇
Chip Bergh and Esi Eggleston Bracey 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◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock Awards.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Adidas AG symbol not shown
  • Capri Holdings Limited CPRI
  • Chipotle Mexican Grill, Inc. CMG
  • Columbia Sportswear Company COLM
  • DICK S Sporting Goods, Inc. DKS
  • Hanesbrands Inc. HBI
  • Levi Strauss Co. LEVI
  • Nike, Inc. NKE
  • Nordstrom, Inc.(1) JWN
  • PVH Corp. PVH
  • Ralph Lauren Corporation RL
  • Ross Stores, Inc. ROST
  • Starbucks Corporation SBUX
  • Tapestry, Inc. TPR
  • The Estée Lauder Companies Inc. EL
  • The Gap, Inc. GAP
  • Ulta Beauty, Inc. ULTA
  • Under Armour, Inc. UAA
  • V.F. Corporation VFC
  • Williams-Sonoma, Inc. WSM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 24, 2026=◇◇◇
2024June 11, 2025=◇◇◇
2023June 6, 2024=◇◇◇
2022June 7, 2023=◇◇◇
2021June 8, 2022=◇◇◇
2020June 9, 2021=◇◇◇
2019June 3, 2020=◇◇◇
2018June 5, 2019=◇◇◇
2017June 6, 2018=◇◇◇
2016June 8, 2017=◇◇◇

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- Calvin McDonald (Former Chief Executive Officer), FY2025 total compensation $24,023,294 (base salary $1,393,269) [exec_comp, SEC accession 0001213900-26-058095, filed 2026-05-18]

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What this page does not include

Everything above is a fact lululemon athletica disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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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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Say-on-pay responsiveness
lululemon athletica recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
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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.
427 figures on this page: 417 cited to the filing that reported them, 10 calculated from figures it prints.
417 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001397187-26-000088
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001213900-26-058095
    2025 GRANTS OF PLAN-BASED AWARDS · Fiscal 2025 Director Compensation · Grants of Plan-Based Awards · SUMMARY COMPENSATION TABLE · and 1 more section
  3. 0001397187-25-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001397187-25-000017
    DIRECTOR COMPENSATION · OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END · SUMMARY COMPENSATION TABLE · Summary Compensation Table
  5. 0001397187-24-000027
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001397187-24-000013
    Summary Compensation Table
  7. 0001397187-23-000034
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001397187-23-000017
    SUMMARY COMPENSATION TABLE
  9. 0001397187-22-000033
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001397187-21-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001397187-20-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001397187-19-000038
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001397187-18-000037
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001397187-17-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “lululemon athletica executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/LULU (accessed 2026).
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Consumer & Retail rankings

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Peers lululemon athletica discloses

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

Capri Holdings LimitedChipotle Mexican Grill, Inc.Columbia Sportswear CompanyDICK S Sporting Goods, Inc.Hanesbrands Inc.Levi Strauss Co.Nike, Inc.Nordstrom, Inc.(1)PVH Corp.Ralph Lauren CorporationRoss Stores, Inc.Starbucks CorporationTapestry, Inc.The Estée Lauder Companies Inc.The Gap, Inc.Ulta Beauty, Inc.Under Armour, Inc.V.F. CorporationWilliams-Sonoma, Inc.

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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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