Global Finance News
22 Jan 2025, 20:04
Dollar Tree, Inc. filed a Form 8-K on January 21, 2025, announcing changes to the compensation package for its recently appointed Chief Executive Officer, Michael C. Creedon, Jr. These changes are reflected in a revised executive agreement, which supersedes his prior agreement with the company.
As part of his role as Chief Executive Officer, Mr. Creedon’s annual base salary has been increased to $1,300,000. His target annual incentive opportunity has been set at 150% of his base salary. Additionally, he is expected to receive annual long-term incentive awards in fiscal year 2025 valued at $9,000,000, in alignment with Dollar Tree’s 2025 executive compensation program.
The revised executive agreement and details of Mr. Creedon’s updated compensation were formalized on January 16, 2025, and the related exhibit includes portions omitted pursuant to SEC regulations.
As part of his role as Chief Executive Officer, Mr. Creedon’s annual base salary has been increased to $1,300,000. His target annual incentive opportunity has been set at 150% of his base salary. Additionally, he is expected to receive annual long-term incentive awards in fiscal year 2025 valued at $9,000,000, in alignment with Dollar Tree’s 2025 executive compensation program.
The revised executive agreement and details of Mr. Creedon’s updated compensation were formalized on January 16, 2025, and the related exhibit includes portions omitted pursuant to SEC regulations.
