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lululemon athletica Executive Compensation (FY25)

LULU · Executive and director compensation, fiscal 2023 to 2025

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Data as of September 7, 2026Latest filing (8-K): June 26, 2026
13 filings cited on this page
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294 figures on this page: 284 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
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
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 Chipotle Mexican Grill, Inc., DICK S Sporting Goods, Inc., Levi Strauss Co., Nike, Inc. and Nordstrom, Inc.(1), among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
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
◇—◇◇◇—◇◇
Meghan Frank
Interim Co-Chief Executive Officer and Chief Financial Officer
Served on an interim basis
◇—◇◇◇——◇
Nicole Neuburger
Chief Brand & Product Activation Officer
◇—◇◇◇—◇◇
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 MaestriniOption——————◇
André MaestriniPRSU——————◇
Calvin McDonaldOption——————◇
Calvin McDonaldPRSU——————◇
Celeste BurgoynePRSU——————◇
Celeste BurgoyneOption——————◇
Edward DagnesePRSU——————◇
Edward DagneseOption——————◇
Meghan FrankPRSU——————◇
Meghan FrankOption——————◇
Nicole NeuburgerPRSU——————◇
Nicole NeuburgerOption——————◇
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
Calvin McDonaldOption◇—◇03/25/2031
Option◇—◇03/30/2029
PSU◇◇——
PSU◇◇——
Option◇—◇03/30/2030
Option◇—◇03/31/2032
Meghan FrankRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇—
RSU◇◇——
PSU◇◇——
Option◇—◇03/30/2030
PSU◇◇——
Option◇—◇03/25/2031
Option◇—◇06/07/2031
Option◇—◇12/15/2035
Option◇—◇03/31/2032
Option◇—◇03/30/2029
RSU◇◇——
Nicole NeuburgerPSU◇◇——
Option◇—◇03/30/2030
Option◇—◇06/07/2031
RSU◇◇——
Option◇—◇03/25/2031
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Option◇—◇03/30/2029
Option◇—◇03/31/2032
Option◇—◇12/15/2035
RSU◇◇——
André MaestriniRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Option◇—◇03/31/2032
PSU◇◇——
RSU◇◇——
Option◇—◇03/30/2029
Option◇—◇03/25/2031
Option◇—◇—
Option◇—◇03/30/2030
Option◇—◇12/15/2035
RSU◇◇——
Edward DagneseRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇03/25/2031
Option◇—◇03/31/2032
Option◇—◇12/15/2035
Option◇—◇03/30/2029
Option◇—◇03/30/2030
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.
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◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Chipotle Mexican Grill, Inc. CMG
  • DICK S Sporting Goods, Inc. DKS
  • 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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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.
Peer benchmarking
Where lululemon athletica 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
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
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.
294 figures on this page: 284 cited to the filing that reported them, 10 calculated from figures it prints.
284 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 · Director Compensation · Fiscal 2025 Director Compensation · Outstanding Equity Awards at 2025 Fiscal Year End · and 2 more sections
  3. 0001397187-25-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001397187-25-000017
    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. 0001397187-22-000033
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001397187-21-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001397187-20-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001397187-19-000038
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001397187-18-000037
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001397187-17-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “lululemon athletica executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/LULU (accessed 2026).
Short form: data: Velarion

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13 filings cited on this page
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Peers lululemon athletica discloses

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

Chipotle Mexican Grill, Inc.DICK S Sporting Goods, 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.

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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