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    Kecia L. Steelman

    President and Chief Executive Officer at Ulta Beauty Inc
    Board
    Since January 6, 2025
    Age
    53 years
    Tenure
    Joined Ulta Beauty in July 2014 and held successive roles from Senior Vice President of Store Operations to Chief Store Operations Officer, Chief Operating Officer, President and Chief Operating Officer, and finally President and Chief Executive Officer.

    Also at Ulta Beauty Inc

    AJR
    Anita J. Ryan
    Chief Human Resources Officer
    JJC
    Jodi J. Caro
    General Counsel, Chief Risk & Compliance Officer, and Corporate Secretary
    SMS
    Scott M. Settersten
    Chief Financial Officer, Treasurer, and Assistant Secretary

    About

    A dynamic retail leader with over 30 years of industry experience, she is known for her inclusive and forward-thinking approach to leadership.

    Her career at Ulta Beauty began in July 2014 when she joined as Senior Vice President, Store Operations. She advanced through several key roles including Chief Store Operations Officer, Chief Operating Officer, and President and Chief Operating Officer before being appointed as President and Chief Executive Officer on January 6, 2025.

    Throughout her tenure, she has driven strategic initiatives that enhanced operational excellence and guest experiences, and played a pivotal role in transformative projects such as the Ulta Beauty at Target partnership.

    While her professional milestones are well-documented, details on her educational background remain undisclosed.

    $ULTA Performance Under Kecia L. Steelman

    Past Roles

    OrganizationRoleDate RangeDetails
    Ulta Beauty President and Chief Operating OfficerSept 2023 - Jan 2025Responsible for corporate strategy, IT, store and services operations, supply chain, Ulta Beauty at Target, loss prevention, and enterprise-wide transformation
    Ulta Beauty Chief Operating OfficerJune 2021 - Sept 2023Oversaw operations and services, supply chain, and key business functions
    Ulta Beauty Chief Store Operations OfficerSept 2015 - June 2021Managed store operations and related functions
    Ulta Beauty Senior Vice President, Store OperationsJuly 2014 - Sept 2015Led store operations with increasing responsibilities
    Family Dollar Stores Group Vice President2011 - 2014Held senior leadership role overseeing multiple aspects of operations
    Family Dollar Stores Vice President, Store Development and Store Operations2009 - 2011Focused on store development and operational effectiveness
    The Home Depot Corporation Vice President, General Manager of Expo Design Center, Home Depot Design Center, and YardBIRDs2005 - 2009Led multiple design centers and managed yard-based initiatives
    The Home Depot Corporation Director of New Store Innovations2005 - 2009Oversaw innovations in store development
    Target Corporation Various retail operations and merchandising roles1993 - 2005Held increasing responsibilities in retail operations and merchandising

    External Roles

    OrganizationRoleDate RangeDetails
    Metropolitan Family Services Board of Directors N/ACurrent board position
    Adler Planetarium Board of Directors N/ACurrent board position
    The Economic Club of Chicago Member N/ACurrent membership

    Fixed Compensation

    Data from  FY 2023
    Component NameAmount (USD)Payment ScheduleAdditional Details
    Base Salary$1,065,022 2023Fixed annual salary
    401(k) Match$10,564 2023Matched contribution
    Deferred Compensation Match$31,501 2023Deferred component
    Long-Term Disability Premium$21,522 2023Insurance premium
    Other Perquisites$600 2023Additional benefits

    Performance Compensation

    Data from  FY 2023

    Annual Incentive Compensation (2023)

    MetricValueDetailsCitation
    Annual Incentive Target115% of base salaryIncentive based on annual performance tied to EBT metrics
    Target EBT$1.703 billionSet as the performance target for fiscal 2023
    Actual EBT$1.696 billionActual performance achieved resulting in payout calculation
    Payout (Threshold)40% of targetAt 87% of target EBT, leading to a 40% payout
    Payout (Target)100% of targetAt 100% of target EBT, leading to full payout
    Payout (Maximum)200% of targetAt 110% of target EBT, leading to a double payout
    Vesting ScheduleN/ACash-based incentive without vesting requirements

    Long-Term Incentive Plan (LTIP) Compensation (2023)

    ComponentMetric/ValueDetailsCitation
    LTIP Target350% of base salaryTotal LTIP value relative to base salary
    Performance-Based Stock (PBS)Revenue Component:<br>- Threshold: 95% of target → 50% payout<br>- Target: 100% → 100% payout<br>- Maximum: 105% → 200% payout<br>EBT Component:<br>- Threshold: 85% → 50% payout<br>- Target: 100% → 100% payout<br>- Maximum: 110% → 200% payout<br>Weighting: 50% revenue, 50% EBT
    Grant DateMarch 31, 2023Applicable to LTIP awards including PBS, RSU, and Stock Options
    Grant Date Fair Value (PBS)$1,864,009Fair value for the PBS award
    Grant Date Fair Value (RSU)$745,931Fair value for Restricted Stock Units
    Grant Date Fair Value (Stock Options)$1,118,334Fair value for Non-Qualified Stock Options
    Grant Date Stock Price$545.67Applies to LTIP awards including PBS and Stock Options
    Vesting Schedule (PBS)2-year performance + 1-year vestingPerformance period of 2 years with an additional year of time-based vesting (vesting in 2026)
    Vesting Schedule (RSU)Cliff vest in 3 yearsRSUs vest fully three years from the grant date (vesting in 2026)
    Vesting Schedule (Stock Options)Ratable over 4 yearsStock Options vest ratably over 4 years (2024–2027)
    TSR ModifierN/AAwards may be capped if 3-year TSR decreases by ≥10% or if TSR increases by ≥10% but targets not met

    This detailed breakdown covers all available performance compensation components for fiscal 2023.