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Consumer & Retail

Stitch Fix Executive Compensation (FY25)

SFIX · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Matt Baer
Latest say-on-pay support
=
December 11, 2025
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): December 16, 2025
13 filings cited on this page
A report that fails to generate is refunded in full
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266 figures on this page: 259 cited to the filing that reported them, 7 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 — Matt Baer: $1,464,928 → $10,129,032
CEO pay ratio: 39:1 → 298:1

Frequently asked questions

Answers drawn from the data on this page.
Who is Stitch Fix's chief executive and what were they paid?
Matt Baer was paid $10,129,032 in total compensation as Chief Executive Officer for fiscal 2025. Baer's total was up from the $1,464,928 reported for fiscal 2024.
What was Stitch Fix's say-on-pay result?
The say-on-pay proposal drew 87.2% of votes cast for or against in favor at the meeting held December 11, 2025 for fiscal 2025.
Which companies are in Stitch Fix's peer group?
Companies named in the disclosed peer group include a.k.a Brand Holdings, BARK, Bumble, Chegg and Designer Brands, among others.
What is Stitch Fix's chief executive pay ratio?
The company reported a chief executive pay ratio of 298:1 for fiscal 2025, against median employee compensation of $34,045.

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
Sachin Dhawan
Chief Product & Technology Officer
◇◇◇◇———◇
Dan Jedda
Chief Financial Officer
◇—◇———◇◇
Scott Darling
Chief Legal Officer and Corporate Secretary
◇—◇◇——◇◇
Elizabeth Spaulding
Chief Executive Officer
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matt Baer
Chief Executive Officer
◇◇◇◇◇—◇◇
David Aufderhaar
Chief Financial Officer
◇◇◇◇◇——◇
Sachin Dhawan
Chief Product & Technology Officer
◇—◇◇——◇◇
Casey O'Connor
Chief Legal Officer
◇◇◇◇◇—◇◇
Elizabeth Spaulding
Chief Executive Officer
◇—————◇◇
Katrina Lake
Chief Executive Officer
◇——◇———◇
Scott Darling
Chief Legal Officer and Corporate Secretary
◇—————◇◇
Dan Jedda
Chief Financial Officer
◇—————◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Anthony Bacos
Chief Product & Technology Officer
◇—◇◇◇——◇
Casey O'Connor
Chief Legal Officer
◇—◇◇◇—◇◇
Matt Baer
Chief Executive Officer
◇———◇—◇◇
David Aufderhaar
Chief Financial Officer
◇———◇——◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Matt Baer
Chief Executive Officer
◇—◇—◇—◇◇
Anthony Bacos
Chief Product & Technology Officer
◇—◇—◇—◇◇
David Aufderhaar
Chief Financial Officer
◇—◇—◇——◇
Casey O'Connor
Chief Legal Officer and Corporate Secretary
◇—◇—◇—◇◇
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
Anthony BacosPSU◇—◇—◇—◇
Anthony BacosRSU◇——◇——◇
Casey O ConnorRSU◇——◇——◇
Casey O ConnorPSU◇—◇—◇—◇
David AufderhaarRSU◇——◇——◇
David AufderhaarPSU◇—◇—◇—◇
Matt BaerPSU◇—◇—◇—◇
Matt BaerPSU◇—◇—◇—◇
Matt BaerPSU◇—◇—◇—◇
Matt BaerRSU◇——◇——◇
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 2026 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Matt BaerRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇June 25, 2033
RSU◇◇——
David AufderhaarRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇April 2, 2033
RSU◇◇——
Anthony BacosRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Casey O'ConnorRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇December 7, 2033
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.
Matt Baer
Chief Executive Officer · Terms as described in the company’s compensation discussion · dated June 14, 2024
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Anthony Bacos
Chief Product & Technology Officer · 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◇
Casey O'Connor
Chief Legal Officer and Corporate Secretary · 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◇
David Aufderhaar
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◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Sharon McCollam
Lead independent director
◇◇————◇
Fiona Tan
◇◇————◇
Timothy Baxter
◇◇————◇
Elizabeth Williams
◇◇————◇
J. William Gurley
◇◇————◇
Kofi Amoo-Gottfried
◇◇————◇
Katrina Lake
Board chair
◇—————◇
Matt Baer 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◇
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 units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • a.k.a Brand Holdings AKA
  • BARK BARK
  • Bumble BMBL
  • Chegg CHGG
  • Designer Brands DBI
  • Funko FNKO
  • G-III Apparel Group GIII
  • Genesco GCO
  • GoPro GPRO
  • Groupon GRPN
  • Guess? GES
  • Lands End LE
  • Peloton Interactive PTON
  • Revolve Group RVLV
  • Shutterstock SSTK
  • The Honest Company HNST
  • The RealReal REAL
  • ThredUp TDUP
  • Torrid Holdings CURV
  • Warby Parker WRBY

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025December 11, 2025=◇◇◇
2023December 12, 2024=◇◇◇
2022December 12, 2023=◇◇◇
2021December 13, 2022=◇◇◇
2020December 15, 2021=◇◇◇
2019December 16, 2020=◇◇◇
2018December 19, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Matt Baer (Chief Executive Officer), FY2025 total compensation $10,129,032 (base salary $850,000) [exec_comp, SEC accession 0001628280-25-047825, filed 2025-10-31]

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What this page does not include

Everything above is a fact Stitch Fix disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Stitch Fix 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 — $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 — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
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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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.
266 figures on this page: 259 cited to the filing that reported them, 7 calculated from figures it prints.
259 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001628280-25-057328
    972,929 Proposal 2. Stockholders approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers.
  2. 0001628280-25-047825
    CEO Pay Ratio · Director Compensation · Fiscal Year 2025 Summary Compensation Table · Grants of Plan-Based Awards
  4. 0001576942-24-000158
  5. 0001576942-24-000113
    Fiscal Year 2024 Summary Compensation Table
  6. 0001576942-24-000099
    EX-10.15
  7. 0001576942-23-000175
  8. 0001576942-23-000135
    Compensation Tables
  9. 0001576942-22-000110
  10. 0001576942-21-000145
  11. 0001576942-20-000154
  12. 0001576942-19-000029
  13. 0001628280-26-069480
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Stitch Fix executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SFIX (accessed 2026).
Short form: data: Velarion

The Stitch Fix brief, $500

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13 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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Consumer & Retail rankings

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

Peers Stitch Fix discloses

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

a.k.a Brand HoldingsBARKBumbleCheggDesigner BrandsFunkoG-III Apparel GroupGenescoGoProGrouponGuess?Lands EndPeloton InteractiveRevolve GroupShutterstockThe Honest CompanyThe RealRealThredUpTorrid HoldingsWarby Parker

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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