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COSTCO WHOLESALE CORP /NEW

COST · FY2025

MISALIGNED

CEO Package

$13.9M

Pay Ratio

Ron M. Vachris

Pay rose +13.9% while TSR fell -44.7 pts

FIVE BELOW, INC

FIVE · FY2024

MIXED

CEO Package

$8.1M

Pay Ratio

Joel D. Anderson

Pay fell 20.4% but the stock fell 50.8% — the reset only covered part of the damage.

Walmart Inc.

WMT · FY2024

ALIGNED

CEO Package

$27.0M

Pay Ratio

Doug McMillon

Returns outran pay growth by +54.2 pts

CEO Total Compensation — All Companies

COST$13.9MFIVE$8.1MWMT$27.0M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

WMT carries the largest package at $27.0M, about 3.3x FIVE.
COST reads misaligned, while WMT looks aligned.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

COST

Ron M. Vachris

$13.9M

base salary8%
stock awards86%
non-equity incentive compensation4%
other compensation0%

FIVE

Joel D. Anderson

$8.1M

base salary8%
stock awards92%
other compensation0%

WMT

Doug McMillon

$27.0M

base salary6%
stock awards73%
non-equity incentive compensation17%
other compensation1%

Quick Comparison

CompanyCEOLatest YearTotal Comp
COSTCO WHOLESALE CORP /NEW(COST)Ron M. Vachris2025$13.9M
FIVE BELOW, INC(FIVE)Joel D. Anderson2024$8.1M
Walmart Inc.(WMT)Doug McMillon2024$27.0M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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