other
confidence high
sentiment neutral
materiality 0.20
Costco sets fiscal 2023 executive bonus criteria; CEO eligible for up to $700K
COSTCO WHOLESALE CORP /NEW
- CEO bonus up to $700K: $250K sales, $250K pre-tax income (0-120% of target), $100K ESG metrics.
- President bonus up to $464K: $160K sales, $160K pre-tax income (0-120% of target), $80K ESG metrics.
- Other execs bonus up to $232K: $80K sales, $80K pre-tax income (0-120% of target), $40K ESG metrics.
- ESG portion includes quantitative DEI, resource consumption, emissions goals and CEO discretionary assessment.
- Final bonus amounts subject to Compensation Committee approval; employment required through November payout.