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TILLY'S Executive Compensation (FY25)

TLYS · Executive and director compensation, fiscal 2023 to 2025
Chief executive, fiscal 2025
◇
Nathan Smith
Latest say-on-pay support
=
June 10, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 29, 2026Latest filing (8-K): June 11, 2026
9 filings cited on this page
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TILLY'S brief$500Get the executive brief
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124 figures on this page: 116 cited to the filing that reported them, 8 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.
Say-on-pay support: 99.8% → 97.9% (1.9 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is TILLY'S' chief executive and what were they paid?
Total compensation for Nathan Smith, President and Chief Executive Officer, came to $3,253,328 in fiscal 2025.
What was TILLY'S' say-on-pay result?
For fiscal 2026, shareholders backed the say-on-pay proposal with 97.9% of votes cast including abstentions in favor at the meeting held June 10, 2026.
Which companies are in TILLY'S' peer group?
Companies named in the disclosed peer group include Boot Barn Holdings, Inc., Build-a-Bear Workshop, Inc., Chico's FAS, Inc., Citi Trends, Inc. and Destination XL Group, Inc., among others.
What is TILLY'S' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 631:1, against median employee compensation of $6,006.

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
Hezy Shaked
Executive Chairman of the Board
◇——◇——◇◇
Michael Henry
Executive Vice President, Chief Financial Officer
◇——◇——◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Hezy Shaked
Executive Chairman of the Board
◇——◇——◇◇
Michael Henry
Executive Vice President, Chief Financial Officer
◇◇—◇——◇◇
Michael Cingolani
Executive Vice President, Chief Merchandising Officer
◇——◇———◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Nathan Smith
President and Chief Executive Officer
◇◇—◇——◇◇
Hezy Shaked
Executive Chairman of the Board
◇——◇——◇◇
Michael Henry
Executive Vice President, Chief Financial Officer
◇——◇———◇
Michael Cingolani
Executive Vice President, Chief Merchandising 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
Hezy ShakedOPTION◇——◇—◇◇
Michael J. CingolaniOPTION◇——◇—◇◇
Michael L. HenryOPTION◇——◇—◇◇
Nathan M. SmithOPTION◇——◇—◇◇
Nathan M. SmithOPTION◇——◇—◇◇
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
Nathan SmithOption◇—◇September 8, 2035
Michael HenryOption◇—◇April 2, 2035
Option◇—◇April 2, 2034
Option◇—◇June 14, 2033
Option◇—◇March 23, 2032
Hezy ShakedOption◇—◇April 2, 2035
Option◇—◇April 2, 2034
Option◇—◇June 14, 2033
Option◇—◇March 23, 2032
Michael CingolaniOption◇—◇December 10, 2034
Option◇—◇April 2, 2035
Option◇—◇September 10, 2034
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◇
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.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Boot Barn Holdings, Inc. BOOT
  • Build-a-Bear Workshop, Inc. BBW
  • Chico's FAS, Inc. symbol not shown
  • Citi Trends, Inc. CTRN
  • Destination XL Group, Inc. DXLG
  • Duluth Holdings, Inc. DLTH
  • Express, Inc. IMXI
  • J.Jill, Inc. JILL
  • Lulu's Fashion Holdings, Inc. LVLU
  • The Buckle, Inc. BKE
  • The Cato Corporation CATO
  • Torrid Holdings, Inc. CURV
  • Zumiez, Inc. ZUMZ

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2026June 10, 2026=◇◇◇
2025June 11, 2025=◇◇◇
2024June 13, 2024=◇◇◇
2023June 14, 2023=◇◇◇
2022June 15, 2022=◇◇◇
2021June 9, 2021=◇◇◇
2020June 10, 2020=◇◇◇
2019June 12, 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?”
- Nathan Smith (President and Chief Executive Officer), FY2025 total compensation $3,253,328 (base salary $461,538) [exec_comp, SEC accession 0001628280-26-025880, filed 2026-04-20]

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What this page does not include

Everything above is a fact TILLY'S disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where TILLY'S 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.
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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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
124 figures on this page: 116 cited to the filing that reported them, 8 calculated from figures it prints.
116 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001628280-26-042353
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001628280-26-025880
    DIRECTOR COMPENSATION
  3. 0001628280-25-030802
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001628280-24-028294
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001628280-23-022708
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001628280-22-017244
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001628280-21-011881
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001628280-20-009225
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001628280-19-007951
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “TILLY'S executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/TLYS (accessed 2026).
Short form: data: Velarion

The TILLY'S brief, $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.
Both reports for $900.
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9 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 TILLY'S discloses

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

Boot Barn Holdings, Inc.Build-a-Bear Workshop, Inc.Citi Trends, Inc.Destination XL Group, Inc.Duluth Holdings, Inc.Express, Inc.J.Jill, Inc.Lulu's Fashion Holdings, Inc.The Buckle, Inc.The Cato CorporationTorrid Holdings, Inc.Zumiez, 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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