The following table sets forth total compensation of our named executive officers (“NEOs”) for the years ended December 31, 2023 and 2022.
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| · · · · · · · · Non-equity · · · · |
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| · · · · · · · Stock · · Option · · incentive plan · · All other · · · |
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| Name and Principal Position | | Year | | Salary ($) | | Awards ($) | | Awards ($) | | compensation | | compensation ($) | | Total ($) |
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| (a) | | (b) | | (c) | | (e) | | (f) | | (g) | | (i) | | (j) |
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| Thomas W. Florsheim, Jr. | 2023 | | $753,239 | | $38,685 | (1) | $46,410 | (3) | $508,436 | (5) | $36,173 | (6) | | $1,382,943 |
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| Chairman and Chief Executive Officer | 2022 | | $731,300 | | $43,245 | (2) | $47,460 | (4) | $493,628 | (5) | $32,034 | (6) | | $1,347,667 |
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| John W. Florsheim | 2023 | | $719,821 | | $38,685 | (1) | $46,410 | (3) | $485,879 | (5) | $19,229 | (6) | | $1,310,024 |
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| President, Chief Operating Officer and Assistant Secretary | 2022 | | $698,855 | | $43,245 | (2) | $47,460 | (4) | $471,727 | (5) | $18,313 | (6) | | $1,279,600 |
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| Brian Flannery | 2023 | | $397,000 | | $20,632 | (1) | $25,857 | (3) | $178,650 | (5) | $14,576 | (7) | | $636,715 |
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| Vice President, and President of Stacy Adams Brand | 2022 | (8) | — | | — | | — | | — | | — | | | — |
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Notes:
| (1) | This amount represents the grant date fair value ($25.79 per share) of the restricted stock granted on August 25, 2023, computed in accordance with ASC 718. See Note 19 of the Notes to the Consolidated Financial Statements in our 2023 Annual Report on Form 10-K. Restricted stock vests ratably over four years. |
| (2) | This amount represents the grant date fair value ($28.83 per share) of the restricted stock granted on August 25, 2022, computed in accordance with ASC 718. See Note 20 of the Notes to the Consolidated Financial Statements in our 2022 Annual Report on Form 10-K. Restricted stock vests ratably over four years. |
| (3) | This amount includes the grant date fair value of the stock option awards granted on August 25, 2023, using the fair value of $6.63 per option computed in accordance with ASC 718, as calculated under the Black-Scholes option pricing model as described in Note 19 to the Consolidated Financial Statements in our 2023 Annual Report on Form 10-K. Stock options vest ratably over five years and expire 10 years from grant date. |
| (4) | This amount includes the grant date fair value of the stock option awards granted on August 25, 2022, using the fair value of $6.78 per option computed in accordance with ASC 718, as calculated under the Black-Scholes option pricing model as described in Note 20 to the Consolidated Financial Statements in our 2022 Annual Report on Form 10-K. Stock options vest ratably over five years and expire 10 years from grant date. |
| (5) | These amounts reflect annual cash bonuses related to the achievement of Company-wide financial goals in 2023 and 2022 and were paid after each respective fiscal year end (December 31). A more detailed description of these bonuses is provided under “Non-Equity Incentive Plan Compensation” below. |
| (6) | All other compensation relates to the use of an automobile, life insurance premiums and 401(k) match contributions. |
| (7) | All other compensation relates to life insurance premiums and 401(k) match contributions. |
| (8) | Brian became a named executive officer in 2023. Therefore, Brian’s 2022 compensation data is not being reported. |
