C. Douglas McMillon
Also at Walmart Inc
About
C. Douglas McMillon is a seasoned executive with extensive experience in the retail industry, currently serving as the President and CEO of Walmart Inc. At the age of 57 , he has dedicated over three decades to leading one of the world’s largest retail operations.
Beginning his career at Walmart in 1990, he steadily advanced through various roles, including influential leadership positions at Sam’s Club from 2005 to 2009 and at Walmart International from 2009 to 2014. His journey through these critical roles highlights his commitment to the company’s growth and innovative transformation initiatives, which have been central to Walmart’s evolution.
Under his leadership since 2014, strategic initiatives such as the development of an omni-channel strategy have reshaped the company’s operations, allowing for the seamless integration of physical stores and digital platforms. In addition to his executive responsibilities, he has contributed to several industry boards and councils, demonstrating a blend of practical leadership and advisory expertise.
Although detailed personal information and educational background are limited in the available documents, his career trajectory and long-standing tenure at Walmart underscore a significant impact on the global retail landscape.
Fixed Compensation
| Component Name | Amount | Payment Schedule | Additional Details |
|---|---|---|---|
| Salary | $1,471,569 | Annual | Fixed base salary for fiscal 2023 |
| 401(k) Plan Matching Contributions | $18,300 | Annual | Company matching contribution to the 401(k) plan for fiscal 2023 |
| Personal Use of Company Aircraft | $175,197 | As Incurred | Incremental cost covering fuel, maintenance, and crew travel costs |
Performance Compensation
Performance-Based Restricted Stock Units (PBRSUs)
| Metric | Value | Details |
|---|---|---|
| Performance Metrics | 50% ROI, 50% Total Company Sales | Equal weighting on company ROI and sales performance |
| Threshold | 59,662 shares | Minimum performance level required |
| Target | 119,323 shares | Expected performance level |
| Maximum | 178,985 shares | Maximum cap on awards |
| Grant Date | January 31, 2023 | Specific grant issuance date |
| Grant Date Fair Value | $16,381,855 | Valuation based on probable performance |
| Vesting Schedule | January 31, 2026 | Contingent on fiscal 2024 performance and continued service |
| Grant Date Stock Price | $143.87* | Based on NYSE closing price; note additional Outstanding PBRSUs use $137.29 |
Non-Equity Incentive Plan Compensation
| Metric | Value | Details |
|---|---|---|
| Performance Metrics | 50% Total Company Operating Income, 50% Total Company Sales | Equal weighting for operating income and sales |
| Threshold | $1,350,000 | Minimum earnings level required |
| Target | $3,600,000 | Expected payout based on performance |
| Maximum | $4,500,000 | Maximum cap on payout |
| Grant Date | January 31, 2023 | Award grant date |
| Grant Date Fair Value | $16,381,855 | Derived from performance estimates |
| Grant Date Stock Price | $143.87 | NYSE closing price on the grant date |
| Vesting Schedule | January 31, 2026 | Performance evaluated over fiscal 2024 with vesting contingent on target achievement |
Outstanding Performance-Based Restricted Stock Units
| Metric | Value | Details |
|---|---|---|
| Performance Metrics | 50% ROI, 50% Total Company Sales | Equal weighting on ROI and sales |
| Threshold | 59,662 shares | Minimum performance level |
| Target | 119,323 shares | Expected performance level |
| Maximum | 178,985 shares | Maximum performance limit |
| Grant Date | January 31, 2023 | Award issuance date |
| Grant Date Fair Value | $16,381,855 | Calculated based on probable performance outcomes |
| Vesting Schedule | January 31, 2026 | Vesting subject to meeting performance goals |
| Grant Date Stock Price | $137.29 | Discounted for expected dividend yield |
Equity Awards Vesting Upon Death or Disability
| Metric | Value | Details |
|---|---|---|
| Restricted Stock & Earned Performance Equity | 327,476 shares; $47,113,972 | Immediate vesting upon death/disability |
| Target Shares of Unearned Performance Equity | 119,323 shares; $17,167,000 | At target performance levels |
| Grant Date | January 31, 2023 | Same as other performance awards |
| Grant Date Fair Value (Probable) | $16,381,855 | Based on probable performance outcome |
| Grant Date Fair Value (Maximum) | $24,572,851 | Maximum performance valuation |
| Grant Date Stock Price | $143.87 | Based on the NYSE closing price |
| Vesting Period | January 31, 2025 | End date for performance share vesting |
| Accelerated Vesting Conditions | Immediate vesting upon death/disability | Applies to all unvested awards |