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PVH Corp Executive Compensation (FY25)

PVH · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Stefan Larsson
Median of the other named officers
$4,156,266
6 officers, excluding the chief executive
Latest say-on-pay support
=
June 18, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): June 24, 2026
16 filings cited on this page
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365 figures on this page: 354 cited to the filing that reported them, 11 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 — Stefan Larsson: $16,278,038 → $16,165,385 (0.7% lower)
Say-on-pay support: 96.8% → 94.6% (2.2 points lower)
CEO pay ratio: 737:1 → 689:1 (6.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is PVH Corp's chief executive and what were they paid?
Stefan Larsson was paid $16,165,385 in total compensation as Chief Executive Officer for fiscal 2025. Larsson's total was 0.7% lower than the $16,278,038 reported for fiscal 2024.
What was PVH Corp's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 94.6% of votes cast for or against in favor at the meeting held June 18, 2026.
Which companies are in PVH Corp's peer group?
Companies named in the disclosed peer group include Abercrombie & Fitch Co., American Eagle Outfitters, Inc., Caleres, Inc., Canada Goose Holdings Inc. and Carter’s, Inc., among others. Companies named in the Compensation Peer Group include Burlington Stores, Inc., Capri Holdings Limited, Foot Locker, Inc., Hanesbrands Inc. and Levi Strauss & Co., among others.
What is PVH Corp's chief executive pay ratio?
The company reported a chief executive pay ratio of 689:1 for fiscal 2025, against median employee compensation of $23,461.

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
Stefan Larsson
Chief Executive Officer, PVH Corp.
◇—◇◇◇◇◇◇
Martijn Hagman
Chief Executive Officer, Tommy Hilfiger Global and PVH Europe
◇—◇◇◇—◇◇
Zachary Coughlin
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Julie Fuller
Former Executive Vice President, Chief People Officer
◇◇◇◇◇—◇— not reconciled
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stefan Larsson
Chief Executive Officer
◇—◇◇◇◇◇◇
Eva Serrano
Former Global Brand President, Calvin Klein
◇◇◇—◇—◇◇
Eva Brand
President, Calvin Klein
◇◇◇—◇—◇◇
Zachary Coughlin
Former Executive Vice President and Chief Financial Officer
◇◇◇◇◇—◇◇
Martijn Hagman
Chief Executive Officer, Tommy Hilfiger Global and PVH Europe
◇—◇◇◇—◇◇
Julie Fuller
Former Executive Vice President, Chief People Officer
Departed during or after this year
◇◇◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stefan Larsson
Chief Executive Officer
◇—◇◇◇◇◇◇
Zachary Coughlin
Former Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Martijn Hagman
Former Chief Executive Officer, PVH Europe
Departed during or after this year
◇—◇◇◇—◇◇
Eva Serrano
Former Global Brand President, Calvin Klein
◇—◇—◇—◇◇
Eva Brand
President, Calvin Klein
◇—◇—◇—◇◇
David Savman
Global Brand President, Calvin Klein
◇◇◇—◇—◇◇
Lea Rytz Goldman
Global Brand President, Tommy Hilfiger
◇◇◇—◇—◇◇
Lea Brand
President, Tommy Hilfiger
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stefan Larsson
Chief Executive Officer
◇—◇—◇◇◇◇
Eva Serrano
Former Global Brand President, Calvin Klein
Departed during or after this year
◇—◇—◇—◇◇
Zachary Coughlin
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
David Savman
Global Brand President, Calvin Klein
◇—◇—◇—◇◇
Fredrik Olsson
Chief Executive Officer, PVH EMEA
◇—◇—◇—◇◇
Lea Rytz Goldman
Global Brand President, Tommy Hilfiger
◇—◇—◇—◇◇
Melissa Stone
Interim Chief Financial Officer and Executive Vice President, Global Financial Planning and Analysis
Served on an interim basis
◇—◇—◇◇◇◇
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
David SavmanPSU◇◇◇—◇—◇
David SavmanRSU◇——◇——◇
Eva SerranoPSU◇◇◇—◇—◇
Eva SerranoRSU◇——◇——◇
Fredrik OlssonRSU◇——◇——◇
Fredrik OlssonPSU◇◇◇—◇—◇
Lea Rytz GoldmanRSU◇——◇——◇
Lea Rytz GoldmanPSU◇◇◇—◇—◇
Melissa StoneRSU◇——◇——◇
Melissa StoneRSU◇——◇——◇
Stefan LarssonRSU◇——◇——◇
Stefan LarssonPSU◇◇◇—◇—◇
Zachary J. CoughlinPSU◇◇◇—◇—◇
Zachary J. CoughlinRSU◇——◇——◇
Fiscal 2023, 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
Stefan LarssonPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Option◇—◇4/10/2034
Option◇—◇4/6/2033
PSU◇◇——
PSU◇◇——
Option◇—◇4/6/2032
PSU◇◇——
Lea Rytz GoldmanPSU◇◇——
PSU◇◇——
PSU◇◇——
David SavmanPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Fredrik OlssonPSU◇◇——
PSU◇◇——
PSU◇◇——
Eva SerranoPSU◇◇——
PSU◇◇——
Melissa StonePSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
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.
David Savman
Global Brand President, Calvin Klein · Terms as described in the company’s compensation discussion · dated July 6, 2022
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Eva Serrano
Former Global Brand President, Calvin Klein · Employment agreement
Severance multiple◇
Severance cash amount◇
Excise tax treatment◇
Fredrik Olsson
Chief Executive Officer, PVH EMEA · Employment agreement
Severance multiple◇
Change-in-control multiple◇
Melissa Stone
Interim Chief Financial Officer and Executive Vice President, Global Financial Planning and Analysis · Terms as described in the company’s compensation discussion
Severance cash amount◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Stefan Larsson
Chief Executive Officer · Employment agreement
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

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 M. Calbert
Board chair
◇◇————◇
Brent Callinicos
◇◇————◇
Amy McPherson
◇◇————◇
Amanda Sourry
◇◇————◇
George Cheeks
◇◇————◇
G. Penny McIntyre
◇◇————◇
Jesper Andersen
◇◇————◇
Kate Gulliver
◇◇————◇
Ajay Bhalla
◇◇————◇
Stefan Larsson, Edward R. Rosenfeld and Allison Peterson 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◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer

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
  • Caleres, Inc. CAL
  • Canada Goose Holdings Inc. GOOS
  • Carter’s, Inc. CRI
  • Columbia Sportswear Company COLM
  • Crocs, Inc. CROX
  • Deckers Outdoor Corporation DECK
  • Designer Brands Inc. DBI
  • Dillard’s, Inc. DDS
  • Fossil Group, Inc. FOSL
  • G-III Apparel Group, Ltd. GIII
  • Gildan Activewear Inc. GIL
  • Hugo Boss AG symbol not shown
  • J.Jill, Inc. JILL
  • Kohl’s Corporation KSS
  • Kontoor Brands, Inc. KTB
  • Macy’s, Inc. M
  • Movado Group, Inc. MOV
  • NIKE, Inc. NKE
  • Oxford Industries, Inc. OXM
  • Steven Madden, Ltd. SHOO
  • The Buckle, Inc. BKE
  • The Children’s Place, Inc. PLCE
  • The TJX Companies, Inc. TJX
  • Under Armour, Inc. UAA
  • Urban Outfitters, Inc. URBN
  • Wolverine Worldwide, Inc. symbol not shown
Compensation Peer Group
  • Burlington Stores, Inc. BURL
  • Capri Holdings Limited CPRI
  • Foot Locker, Inc. FL
  • Hanesbrands Inc. HBI
  • Levi Strauss & Co. LEVI
  • lululemon athletica inc. LULU
  • Ralph Lauren Corporation RL
  • Ross Stores, Inc. ROST
  • Tapestry, Inc. TPR
  • The Estée Lauder Companies Inc. EL
  • The Gap, Inc. GAP
  • V.F. Corporation VFC
  • Victoria’s Secret & Co. VSXY

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 18, 2026=◇◇◇
2024June 18, 2025=◇◇◇
2023June 20, 2024=◇◇◇
2022June 22, 2023=◇◇◇
2021June 16, 2022=◇◇◇
2020June 17, 2021=◇◇◇
2019April 30, 2020=◇◇◇
2018June 20, 2019=◇◇◇
2017June 21, 2018=◇◇◇
2016June 15, 2017=◇◇◇
2015June 16, 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?”
- Stefan Larsson (Chief Executive Officer), FY2025 total compensation $16,165,385 (base salary $1,450,000) [exec_comp, SEC accession 0001213900-26-053710, filed 2026-05-08]

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What this page does not include

Everything above is a fact PVH Corp disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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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.
365 figures on this page: 354 cited to the filing that reported them, 11 calculated from figures it prints.
354 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000078239-26-000043
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001213900-26-053710
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Grants of Plan-Based Awards · and 1 more section
  3. 0001213900-25-057242
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001213900-25-041370
    Summary Compensation Table
  5. 0000078239-25-000018
    EX-10.22
  6. 0000078239-24-000048
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001213900-24-041769
    Summary Compensation Table
  8. 0000078239-23-000100
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000078239-22-000084
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000078239-21-000040
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000078239-20-000065
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000078239-19-000042
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000078239-18-000016
  14. 0000078239-17-000020
  15. 0000078239-16-000082
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Velarion, “PVH Corp executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PVH (accessed 2026).
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16 filings cited on this page
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Peers PVH Corp discloses

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

Abercrombie & Fitch Co.American Eagle Outfitters, Inc.Caleres, Inc.Carter’s, Inc.Columbia Sportswear CompanyCrocs, Inc.Deckers Outdoor CorporationDesigner Brands Inc.Dillard’s, Inc.Fossil Group, Inc.G-III Apparel Group, Ltd.J.Jill, Inc.Kohl’s CorporationKontoor Brands, Inc.Macy’s, Inc.Movado Group, Inc.NIKE, Inc.Oxford Industries, Inc.Steven Madden, Ltd.The Buckle, Inc.The Children’s Place, Inc.The TJX Companies, Inc.Under Armour, Inc.Urban Outfitters, 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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