Fran Horowitz is busily transforming Abercrombie & Fitch Co. — and collecting large stock awards along the way in which. 

The chief executive officer’s total compensation tallied just over $11 million last 12 months, a 14.1 percent decline from a 12 months ago, in response to the corporate’s proxy statement filed with the Securities and Exchange Commission.

Most of that payday — $8.2 million — got here in the shape of stock awards, the complete value of which is able to depend upon how well the retailer’s stock performs. That ties the fortunes of the CEO to those of stockholders. 

Horowitz, who has led Abercrombie since 2017, also received a salary of $1.3 million and incentive pay of $1.4 million last 12 months.

The proxy statement tees up Abercrombie’s annual meeting, which will likely be held virtually on June 8 this 12 months. The proceedings look to be standard, with votes on electing directors, appointing an accounting firm and an advisory vote on executive pay.

In a joint letter to shareholders, Horowitz and chairperson Nigel Travis painted an image of an organization on the move. 

“In fiscal 2022, we delivered solid financial results while making progress towards our long-term strategic priorities,” they said. “We ended the 12 months with $3.7 billion in net sales and returned $126 million to our stockholders through stock repurchases.”

The corporate also laid out its “At all times Forward Plan,” which focuses on brand growth, “enterprise-wide digital revolution” and financial discipline. 

While 44 percent of the corporate’s sales got here from digital channels last 12 months, the duo noted that: “We ended the 12 months as a net store opener for the primary time in over a decade. We continued to capitalize on the momentum within the Abercrombie & Fitch brand, and together with abercrombie kids, the Abercrombie brands delivered 11 percent sales growth year-over-year.” 

The retailer ended the 12 months with 770 stores, up from 720 doors a 12 months earlier.