Stefan Larsson

Chief Executive Officer at PVH CORP. /DE/

Since February 1, 2021

Age

49 years

Tenure

Joined PVH as President on June 3, 2019, and has served as Chief Executive Officer since February 1, 2021.

Also at PVH CORP. /DE/

Amba Subrahmanyam

Chief People Officer

David Savman

Chief Supply Chain Officer

Eva Serrano

Global Brand President, Calvin Klein

About

Stefan Larsson is currently 49 years old and has built a reputation as a transformative leader in the fashion and retail industries. His extensive career includes a wide range of leadership roles that have significantly impacted the growth and strategic direction of each organization he has been part of.

During his tenure at internationally recognized companies such as H&M, Old Navy, and Ralph Lauren, he demonstrated his ability to drive operational improvements and foster lucrative business transformations. His contributions at H&M, for instance, helped grow revenues from approximately $3 billion to $17 billion and expand the company’s global footprint from 12 to 44 countries.

At PVH, he joined as President on June 3, 2019 and was promoted to Chief Executive Officer on February 1, 2021, where he now leads the company’s long-term growth strategy through initiatives such as the PVH+ Plan. His career reflects a strong record of strategic planning, brand building, and operational excellence, making him a valued leader in the consumer sector.

$PVH Performance Under Stefan Larsson

Past Roles

Organization	Role	Date Range	Details
PVH Corp.	President	June 2019 - January 2021	Served as President before becoming Chief Executive Officer
The RealReal, Inc.	Board Member	2019 - 2020	Previously served on the board
Ralph Lauren Corporation	Board Member	2015 - 2017	Previously served on the board
Ralph Lauren Corporation	President & Chief Executive Officer	2015 - 2017	Refocused the company on its iconic elements and improved performance
Old Navy (a division of Gap Inc.)	Global President	2012 - 2015	Delivered 12 consecutive quarters of profitable growth and enhanced brand positioning
H&M	Multiple Key Leadership Roles	Nearly 15 years	Grew revenues from approximately $3 billion to $17 billion and expanded operations from 12 to 44 countries

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,300,000	Annually	Fixed annual salary
Contributions to Defined Contribution Plans	$122,180	Annually	Includes contributions to PVH's AIP and Supplemental Savings Plan

Performance Compensation

Data from FY 2023

Annual Bonus Payouts

Metric	Weight	Threshold	Target	Maximum	Actual Outcome
Corporate EBIT	75%	$745,000,000	$929,466,000	$1,070,000,000	$951,795,000 (102% of target)
Corporate Revenue	25%	$8,900,000,000	$9,367,221,000	$9,800,000,000	$9,307,781,000 (99% of target)

Payout Schedule: Bonus payout thresholds are set at 50% of base salary, target at 200% of base salary, and a maximum cap at 400% of base salary.
Calculated Bonus: $2,784,080 (214.16% of base salary).

Performance Share Unit (PSU) Awards

Detail	Value
Grant Date	April 6, 2023
Grant Date Stock Price	$83.80
Weighted Avg. Fair Value/PSU	$119.51
Total Grant Date Fair Value	$5,550,243
Potential Payout (Threshold)	$2,413,775 / 28,804 shares
Potential Payout (Target)	$4,827,550 / 57,608 shares
Potential Payout (Maximum)	$9,655,101 / 115,216 shares
Performance Metrics	Relative TSR (50%): 30th/55th/80th percentile;
	Average ROIC (50%): 30%/34%/38%
Vesting Schedule	Three-year performance period (Q2 2023 to Q1 2026) plus a one-year holding period post vesting

Stock Options

Detail	Value
Grant Date	April 6, 2023
Grant Date Stock Price	$83.80
Grant Date Fair Value	$2,221,317
Vesting Schedule	Four equal installments on each of the first four anniversaries of the grant date
Conditions	Time-based award; not subject to performance metrics

Additional Equity Awards

Restricted Stock Units (RSUs): Vest in four equal installments on each anniversary of the grant date.

This breakdown provides an in-depth view of the performance compensation components for 2023, covering the annual bonus payout, PSU awards with detailed performance metrics, and stock options with vesting schedules and grant details, including exact dollar amounts, share quantities, and percentages where available.