Ross Stores Executive Compensation (FY25)

Name: Ross Stores (ROST) executive compensation
Creator: Velarion
License: https://intel.velarion.ai/terms

ROST · Dublin, CA · Executive and director compensation, fiscal 2022 to 2025

The Ross Stores brief, $1,500

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Data as of September 17, 2026Latest filing (8-K): May 27, 2026

16 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

Ross Stores brief$1,500Get the executive brief

242 figures on this page: 231 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

Chief executive, fiscal 2025

◇

James Conroy

Median of the other named officers

$5,882,314

5 officers, excluding the chief executive

Latest say-on-pay support

May 20, 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 — James Conroy: $47,467,296 → $17,406,705 (63.3% lower)

CEO pay ratio: 1,770:1 → 1,730:1 (2.3% lower)

Frequently asked questions

Answers drawn from the data on this page.

Who is Ross Stores' chief executive and what were they paid?

James Conroy was paid $17,406,705 in total compensation as Chief Executive Officer for fiscal 2025. Compared with the $47,467,296 reported for fiscal 2024, Conroy's total was 63.3% lower.

What was Ross Stores' say-on-pay result?

For fiscal 2025, the say-on-pay proposal drew 92.5% support at the meeting held May 20, 2026.

Which companies are in Ross Stores' peer group?

The disclosed peer group includes Bath & Body Works, Inc., Best Buy Co., Inc., Burlington Stores, Inc., Dick's Sporting Goods, Inc. and Dollar General Corporation, among others.

What is Ross Stores' chief executive pay ratio?

For fiscal 2025, the company reported a chief executive pay ratio of 1,730:1, against median employee compensation of $10,059.

Executive compensation

Every element reported for each named executive officer, by fiscal year.

Fiscal 2022

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Barbara Rentler Vice Chair and Chief Executive Officer	◇	—	◇	—	—	—	◇	◇
Michael Kobayashi President, Chief Capability Officer	◇	—	◇	—	—	—	◇	◇
Michael Hartshorn Group President, Chief Operating Officer	◇	—	◇	—	—	—	◇	◇
Brian Morrow President, Chief Merchandising Officer dd's	◇	—	◇	—	—	—	◇	◇
Adam Orvos Executive Vice President, Chief Financial Officer	◇	◇	◇	—	—	—	◇	◇

Fiscal 2023

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Barbara Rentler Vice Chair and Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Michael Balmuth Executive Chairman	◇	◇	◇	—	—	—	◇	◇
Michael Hartshorn Group President, Chief Operating Officer	◇	—	◇	—	◇	—	◇	◇
Stephen Brinkley President, Operations	◇	◇	◇	—	—	—	◇	◇
Adam Orvos Former Executive Vice President, Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇

Fiscal 2024

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
James Conroy Chief Executive Officer	◇	◇	◇	—	—	—	◇	◇
Barbara Rentler Vice Chair and Chief Executive Officer	◇	—	◇	—	◇	—	◇	◇
Michael Balmuth Executive Chairman	◇	—	◇	—	◇	—	◇	◇
Michael Hartshorn Group President, Chief Operating Officer	◇	—	◇	—	◇	—	◇	◇
Adam Orvos Former Executive Vice President, Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇

Fiscal 2025

Officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
James Conroy Chief Executive Officer	◇	◇	◇	—	◇	—	◇	◇
Michael Balmuth Executive Chairman	◇	◇	◇	—	◇	—	◇	◇
Michael Hartshorn Group President, Chief Operating Officer	◇	—	◇	—	◇	—	◇	◇
Karen Fleming President, Chief Merchandising Officer, Ross Dress for Less	◇	—	◇	—	◇	—	◇	◇
William Sheehan Executive Vice President, Chief Financial Officer	◇	—	◇	—	◇	—	◇	◇
Adam Orvos Former Executive Vice President, Chief Financial Officer 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

Officer	Award	Grant date	Threshold units	Target units	Units granted	Maximum units	Exercise price	Grant date fair value
James Conroy	PSU	◇	—	—	—	—	—	◇
James Conroy	RSU	◇	—	—	◇	—	—	◇
Karen Fleming	RSU	◇	—	—	◇	—	—	◇
Karen Fleming	PSU	◇	—	—	—	—	—	◇
Michael Balmuth	PSU	◇	—	—	—	—	—	◇
Michael Balmuth	RSU	◇	—	—	◇	—	—	◇
Michael Hartshorn	RSU	◇	—	—	◇	—	—	◇
Michael Hartshorn	PSU	◇	—	—	—	—	—	◇
Michael Hartshorn	RSU	◇	—	—	◇	—	—	◇
William Sheehan	RSU	◇	—	—	◇	—	—	◇
William Sheehan	RSU	◇	—	—	◇	—	—	◇
William Sheehan	PSU	◇	—	—	—	—	—	◇

Fiscal 2022, 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

Officer	Award	Unvested units	Market value of unvested units	Exercise price	Expires
William Sheehan	RSU	◇	◇	—	—
James Conroy	RSU	◇	◇	—	—
	PSU	◇	◇	—	—
Michael Balmuth	RSU	◇	◇	—	—
	RSU	◇	◇	—	—
Karen Fleming	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.

Adam Orvos

Former Executive Vice President, Chief Financial Officer · Employment agreement

Severance multiple	◇
Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

James Conroy

Chief Executive Officer · Employment agreement

Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Michael Balmuth

Executive Chairman · Employment agreement

Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Michael Hartshorn

Group President, Chief Operating Officer · Employment agreement

Change-in-control multiple	◇
Equity acceleration on change in control	◇
Benefits continuation on change in control	◇
Benefits continuation	◇

Director compensation

What each non-employee director was paid.

Fiscal 2025

Director	Fees earned in cash	Stock awards	Option awards	Non-equity incentive	Pension and deferred earnings	All other compensation	Total
Stephen D. Milligan	◇	◇	—	—	—	—	◇
K. Gunnar Bjorklund Board chair	◇	◇	—	—	—	—	◇
Michael J. Bush	◇	◇	—	—	—	—	◇
Edward G. Cannizzaro	◇	◇	—	—	—	—	◇
Doniel N. Sutton	◇	◇	—	—	—	—	◇
Sharon D. Garrett	◇	◇	—	—	—	—	◇
Patricia H. Mueller	◇	◇	—	—	—	—	◇
George P. Orban	◇	◇	—	—	—	—	◇

Michael Balmuth, Michael J. Hartshorn and James G. Conroy 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	◇

Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Fiscal 2026

Bath & Body Works, Inc. BBWI
Best Buy Co., Inc. BBY
Burlington Stores, Inc. BURL
Dick's Sporting Goods, Inc. DKS
Dollar General Corporation DG
Dollar Tree, Inc. DLTR
Foot Locker, Inc. FL
Kohl's Corporation KSS
Macy's, Inc. M
Nordstrom, Inc. JWN
PVH Corp. PVH
The Gap, Inc. GAP
The TJX Companies, Inc. TJX
Tractor Supply Co. TSCO
Ulta Beauty, Inc. ULTA
V.F. Corporation VFC
Williams-Sonoma, Inc. WSM

Say-on-pay history

Shareholder support for the compensation program, by year.

Year	Meeting	Support	Votes for	Votes against	Abstentions
2025	May 20, 2026	=	◇	◇	◇
2024	May 21, 2025	=	◇	◇	◇
2023	May 22, 2024	=	◇	◇	◇
2022	May 17, 2023	=	◇	◇	◇
2021	May 18, 2022	=	◇	◇	◇
2020	May 19, 2021	=	◇	◇	◇
2019	May 20, 2020	=	◇	◇	◇
2018	May 22, 2019	=	◇	◇	◇
2017	May 23, 2018	=	◇	◇	◇
2016	May 17, 2017	=	◇	◇	◇
2015	May 18, 2016	=	◇	◇	◇

Chief executive pay ratio

As calculated and reported by the company.

Ratio

◇

Median employee compensation

◇

Chief executive total compensation

◇

What this page does not include

Everything above is a fact Ross Stores disclosed, and it is free. Everything below is our analysis of those facts, and it is not.

Peer benchmarking

Where Ross Stores 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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Multiple companies at once

Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.

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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.

242 figures on this page: 231 cited to the filing that reported them, 11 calculated from figures it prints.

231 cited to the filing

11 calculated from the filing

Documents cited

8-K, filed May 27, 2026
0000745732-26-000027
Proposal 3 - Advisory Vote to Approve the Resolution on Executive Compensation In an advisory vote, the holders of the Company’s common stock voted to approve the resolution regarding executive compen
DEF 14A, filed April 7, 2026
0000745732-26-000013
CEO Pay Ratio · Compensation of Directors · Director Compensation · Grants of Plan-Based Awards During Fiscal Year · and 2 more sections
8-K, filed May 28, 2025
0000745732-25-000026
Proposal 2 - Advisory Vote to Approve the Resolution on Executive Compensation In an advisory vote, the holders of the Company’s common stock voted to approve the resolution regarding executive compen
DEF 14A, filed April 8, 2025
0000745732-25-000015
SUMMARY COMPENSATION TABLE
8-K, filed May 29, 2024
0000745732-24-000026
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 23, 2023
0000745732-23-000035
Item 5.07 Submission of Matters to a Vote of Security Holders
EX-10, filed April 29, 2023
0000745732-23-000040
Employment Agreement
DEF 14A, filed April 4, 2023
0000745732-23-000023
SUMMARY COMPENSATION TABLE
8-K, filed May 24, 2022
0000745732-22-000033
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 25, 2021
0000745732-21-000038
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 27, 2020
0000745732-20-000048
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 29, 2019
0000745732-19-000026
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 29, 2018
0000745732-18-000015
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 22, 2017
0000745732-17-000021
Item 5.07 Submission of Matters to a Vote of Security Holders
8-K, filed May 20, 2016
0000745732-16-000049
DEF 14A
0000745732-24-000015
SUMMARY COMPENSATION TABLE

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Velarion, “Ross Stores executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ROST (accessed 2026).

Short form: data: Velarion

The Ross Stores 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 brief Get the board briefNo account needed.

16 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 Ross Stores discloses

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

Bath & Body Works, Inc.Best Buy Co., Inc.Burlington Stores, Inc.Dick's Sporting Goods, Inc.Dollar General Corporation Dollar Tree, Inc.Foot Locker, Inc.Kohl's Corporation Macy's, Inc.Nordstrom, Inc.PVH Corp.The Gap, Inc.The TJX Companies, Inc.Tractor Supply Co.Ulta Beauty, Inc.V.F. Corporation Williams-Sonoma, Inc.

Terms on this page

Say-on-Pay Vote CEO Pay Ratio Median Employee Compensation All companies

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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}
}