Knight And Pay

Its been a good week for Ralph Lauren. Following his distinction in England as an honorary knight, his pay package was revealed.

Ralph Lauren, who is executive chairman and chief creative officer, saw total compensation of $22.2 million last fiscal year, according to a filing with the Securities and Exchange Commission late Friday. That marked a modest decline from $22.6 million a year earlier.

Lauren’s take included a salary of $1.8 million and incentive pay of $9.2 million. But the biggest portion of his compensation came in the form of stock awards pegged at $11 million, although he might not receive the full value given share-price fluctuations.

The company’s president and chief executive officer, Patrice Louvet, received compensation of $13.9 million, including a salary of $1.3 million, $5.2 million in incentive pay and $7.3 million in stock awards.

That actually marked a steep decline for the ceo, who logged pay of $23.8 million the year before, his first with the company. — EVAN CLARK