ROSS STORES, INC.
For the period ended May 20, 2026. Filed Apr 7, 2026.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 20, 2026 · Filed Apr 7, 2026
Contents
PAY VERSUS PERFORMANCE
The following table provides information with respect to the relationship between the compensation of our NEOs and Company performance for the fiscal years listed below. The compensation information presented in the table and in the disclosure below is determined in accordance with specific SEC rules, and may be different from the compensation information presented in the Compensation Discussion and Analysis. The Compensation Committee did not consider the pay versus performance disclosure information below in making its compensation decisions for any of the fiscal years shown.
| Pay versus Performance | ||||||||
|---|---|---|---|---|---|---|---|---|
| Year · Summary Compensation Table Total for PEO(1) · Compensation Actually Paid to PEO(3) · Average Summary Compensation Table Total for Non-PEO NEOs(2) · Average Compensation Actually Paid to Non-PEO NEOs(3) · Value of Initial Fixed $100 Investment Based On: · Net Income ($000) · Pre-Tax Earnings ($000) | ||||||||
| Total Shareholder Return · Peer Group Total Shareholder Return(4) | ||||||||
| 2025 | $17,406,705 | $29,424,552 | $7,345,548 | $10,081,910 | $179 | $209 | $2,145,044 | $2,842,157 |
| 2024 | $16,994,251 | $22,248,191 | $18,106,568 | $19,259,807 | $141 | $173 | $2,090,730 | $2,757,154 |
| 2023 | $18,094,944 | $32,986,019 | $8,413,633 | $11,031,541 | $134 | $135 | $1,874,520 | $2,471,781 |
| 2022 | $11,335,069 | $11,165,315 | $4,347,931 | $5,456,168 | $110 | $121 | $1,512,041 | $1,987,489 |
| 2021 | $15,989,635 | $16,497,110 | $6,292,515 | $5,601,094 | $87 | $111 | $1,722,589 | $2,258,540 |
(1)Our Principal Executive Officer (“PEO”) for 2025 is James G. Conroy and for 2024, 2023, 2022, and 2021 was Barbara Rentler.
(2)Our non-PEO NEOs for 2025, 2024, 2023, 2022, and 2021 are as follows:
a.2025: William W. Sheehan II, Michael Balmuth, Michael J. Hartshorn, Karen Fleming, and Adam Orvos.
b.2024: Adam Orvos, James G. Conroy, Michael Balmuth, and Michael J. Hartshorn.
c.2023: Adam Orvos, Michael Balmuth, Michael J. Hartshorn, and Stephen Brinkley.
d.2022: Adam Orvos, Michael J. Hartshorn, Michael Kobayashi, and Brian Morrow.
e.2021: Adam Orvos, Michael J. Hartshorn, Michael Kobayashi, Brian Morrow, Michael Balmuth, and Travis Marquette.
(3)Compensation Actually Paid is defined under the relevant SEC rules as the total compensation reported in the Summary Compensation Table for the applicable year, as adjusted for specified equity award value changes. Please see the “Adjustments Table” below for further detail related to this calculation.
(4)The peer group used for purposes of the values shown in this column is the same industry index as is shown in the stockholder return performance graph included in Item 5 of our Annual Report on Form 10-K (Dow Jones Apparel Retailers).
| Adjustments Table | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year · NEO · Grant Date Fair Value of Equity Awards Granted During Applicable Year(1) · Year-End Fair Value of Equity Awards Granted During Applicable Year(2) · Change in Fair Value as of Year-End of Any Prior Year Awards that Remain Unvested as of Year-End(3) · Change in Fair Value as of the Vesting Date of Any Prior Year Awards that Vested During Applicable Year(4) · Change in Fair Value as of Year-End of Any Awards Forfeited During Applicable Year(5) · Value of Dividends or other Earnings Paid on Stock not Otherwise Reflected in Fair Value or Total Compensation(6) · Total Adjustments Reflected in Compensation Actually Paid | ||||||||||||||
| 2025 | PEO | $(10,650,100) | $16,694,204 | $5,838,186 | $(219,118) | $— | $354,674 | $12,017,847 | ||||||
| Average non-PEO NEOs | $(4,060,111) | $6,234,996 | $1,744,537 | $(456,400) | $(832,567) | $105,908 | $2,736,363 | |||||||
| 2024 | PEO | $(10,700,209) | $13,918,519 | $1,494,763 | $184,815 | $— | $356,052 | $5,253,940 | ||||||
| Average non-PEO NEOs | $(13,112,524) | $13,788,393 | $218,273 | $169,959 | $— | $89,138 | $1,153,239 | |||||||
| 2023 | PEO | $(10,700,095) | $22,796,125 | $4,064,656 | $(1,575,360) | $— | $305,749 | $14,891,075 | ||||||
| Average non-PEO NEOs | $(3,875,104) | $5,844,040 | $731,856 | $(149,678) | $— | $66,794 | $2,617,908 | |||||||
| 2022 | PEO | $(9,800,093) | $4,316,812 | $5,269,903 | $(281,593) | $— | $325,216 | $(169,755) | ||||||
| Average non-PEO NEOs | $(2,750,090) | $2,084,209 | $1,744,487 | $(86,429) | $— | $116,060 | $1,108,237 | |||||||
| 2021 | PEO | $(9,800,128) | $12,088,760 | $(3,281,621) | $1,240,177 | $— | $260,287 | $507,475 | ||||||
| Average non-PEO NEOs | $(2,975,067) | $3,364,001 | $(635,040) | $264,203 | $(771,203) | $61,685 | $(691,421) | |||||||
Note: For each year, we have re-valued performance share awards at their final settlement payout level following the performance period that aligns with our fiscal year.
(1)Deduct the amounts shown in the “Stock Awards” column in the Summary Compensation Table with respect to awards granted during the applicable fiscal year.
(2)For awards granted in the covered fiscal year which are outstanding and unvested at year-end, add the Fair Value as of the end of the applicable year.
(3)For awards granted in the prior fiscal years that are outstanding and unvested at the end of the applicable year, add (or subtract) the amount equal to the changes in Fair Value as of the end of the applicable year (from the end of the prior year).
(4)For awards granted in prior fiscal years that vested during the applicable year, add (or subtract) the amount equal to the changes in Fair Value as of the vesting date (from the end of the prior year).
(5)For awards forfeited in the applicable fiscal year, subtract the amount equal to the Fair Value at the end of the prior year.
(6)Add the dollar value of any dividends paid on stock awards in the applicable year if prior to the vesting date.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.