Brady Stewart
About Brady Stewart
Brady Stewart, 49, is an independent director of Evolus (EOLS) serving since January 2022, with current term expiring at the 2026 annual meeting. She is a member of the Audit Committee and the Nominating & Corporate Governance Committee. Stewart is Chief Executive Officer of Bay FC (National Women’s Soccer League) since June 2023; previously Chief Commercial Officer at Forma Brands (2021–2022) and held multiple senior roles at Levi Strauss & Co. culminating as SVP & Managing Director, U.S. Direct-to-Consumer (2007–2021). She holds an MBA from Harvard Business School and a Bachelor’s degree from Princeton University .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bay FC (NWSL) | Chief Executive Officer | Jun 2023 – present | Leads commercial and operational strategy for a professional sports franchise |
| Forma Brands, LLC | Chief Commercial Officer | Apr 2021 – 2022 | Commercial leadership for beauty brand incubator/accelerator |
| Levi Strauss & Co. | SVP & Managing Director, U.S. Direct-to-Consumer (prior roles from 2007) | May 2007 – Apr 2021 | Led U.S. DTC; extensive digital marketing and retail operations |
External Roles
| Organization | Role | Public Company Board? | Notes |
|---|---|---|---|
| Bay FC | CEO | No | Professional sports club; executive role (not a public board) |
| Other public company boards | — | N/A | Evolus discloses “Other Public Board Service: N/A” for Stewart |
Board Governance
- Class II director; term through 2026 annual meeting; independent under Nasdaq rules .
- Committee assignments: Audit Committee member; Nominating & Corporate Governance Committee member. Chairs: Audit—David Gill; Nominating & Corporate Governance—Karah Parschauer .
- Attendance and engagement: Board held 6 meetings in 2024; each director attended ≥75% of board and committee meetings during their service; Audit Committee held 4 meetings (2024); Compensation Committee 6; Nominating & Corporate Governance Committee 2 .
- Board structure and independence: 6 of 7 directors independent (including Stewart); CEO is not independent; non-executive Chairman structure maintained .
Fixed Compensation
| Component | Amount | Detail |
|---|---|---|
| Annual cash retainer (2024) | $50,000 | Non-employee director base cash retainer |
| Committee fees (member) | Audit: $10,000; Nominating: $5,000 | Annualized, payable quarterly |
| 2024 fees earned (actual) | $72,000 | Stewart’s total cash fees in 2024 |
| 2024 Director Equity Grants | Grant Date | Type | Quantity | Exercise Price | Grant-Date Fair Value |
|---|---|---|---|---|---|
| Annual director grant | Feb 2024 | RSUs | 6,464 | — | $84,743 |
| Annual director grant | Feb 2024 | Options | 9,377 | $13.15 | $84,997 |
- Vesting and change-of-control: 2024 RSUs scheduled to vest in full at 12 months; options vest in 12 monthly installments; unvested portions fully vest upon certain changes of control .
Performance Compensation
- No performance-based equity disclosed for non-employee directors; Stewart’s 2024 director equity consisted of time-based RSUs and stock options (not PRSUs) .
Other Directorships & Interlocks
- Current public company boards: None disclosed for Stewart .
- Shared directorships/interlocks: None disclosed related to competitors/suppliers/customers .
Expertise & Qualifications
- Functional expertise: Business, digital marketing, and leadership experience cited by the board as qualifications for service .
- Education: MBA (Harvard Business School); Bachelor’s degree (Princeton University) .
Equity Ownership
| Measure | As of | Value |
|---|---|---|
| Beneficial ownership (shares) | Apr 18, 2025 | 75,217 shares; includes 23,952 options exercisable within 60 days; less than 1% of outstanding shares |
| Outstanding options (FY-end) | Dec 31, 2024 | 19,603 options outstanding |
| Outstanding RSUs (FY-end) | Dec 31, 2024 | 6,464 RSUs outstanding |
- Pledging/hedging: Company policy prohibits pledging and hedging of Company stock by insiders (directors and officers) .
Governance Assessment
- Independence and committee roles: Stewart strengthens independent oversight on Audit and Nominating & Governance, contributing to financial reporting integrity and board composition/succession processes .
- Attendance and engagement: Adequate attendance (≥75%) and active committee meeting cadence in 2024 supports board effectiveness .
- Alignment and incentives: Balanced mix of cash retainer and at-risk equity (RSUs/options) aligns director incentives with shareholder value; change-of-control vesting terms are typical for director retention and continuity .
- Conflicts/related-party exposure: No related-party transactions disclosed for Stewart; broader company policy requires audit committee pre-approval of any such transactions .
- Risk indicators: No Section 16(a) delinquency noted for Stewart; strong governance policies including insider trading restrictions and clawback policy enhance investor protection .