FIGS, Inc.
For the period ended Dec 31, 2023. Filed Apr 24, 2024.
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Dec 31, 2023 · Filed Apr 24, 2024
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Contents
Summary Compensation Table
The following table contains information about the compensation earned by each of our NEOs during the years ended December 31, 2021, 2022 and 2023.
| Name and PrincipalPosition | Year | Salary($) | Bonus($)(1) | Stock Awards ($)(2) | Option Awards ($)(2) | Non-Equity Incentive Compensation Plan ($)(3) | All OtherCompensation ($)(4) | Total($) |
|---|---|---|---|---|---|---|---|---|
| Catherine Spear Chief Executive Officer | 2023 | 1,000,000 | 192,600 | 3,449,132 | 3,000,002 | 723,750 | 22,851 | 8,388,335 |
| 2022 | 1,000,000 | -- | -- | -- | -- | 40,737 | 1,040,737 | |
| 2021 | 851,923 | 1,000,000 | 3,609,111 | 7,500,006 | -- | 70,588 | 13,031,628 | |
| Heather HassonExecutive Chair | 2023 | -- | -- | -- | -- | -- | 351 | 351 |
| 2022 | 593,956 | -- | 11,320,485 | 13,603,183 | -- | 43 | 25,517,667 | |
| 2021 | 851,923 | 1,000,000 | 3,609,111 | 7,500,006 | -- | 530 | 12,961,570 | |
| Daniella TurenshineFormer Chief Financial Officer(5) | 2023 | 500,000 | 72,225 | 862,285 | 750,002 | 217,125 | 22,851 | 2,424,488 |
| 2022 | 500,000 | -- | -- | -- | -- | 18,138 | 518,138 | |
| 2021 | 311,539 | 375,000 | 10,252,659 | 10,527,665 | -- | 26,039 | 21,492,902 |
(1)Amounts represent bonuses earned by our NEOs based on individual performance under our 2023 Bonus Program. For a description of the 2023 Bonus Program, see “—Compensation Discussion and Analysis—Elements of Compensation—Cash Incentive Compensation” above.
(2)Amounts reflect the full grant-date fair value of RSU awards and stock options granted during the applicable fiscal year computed in accordance with ASC Topic 718, rather than the amounts paid to or realized by the named individual. We provide information regarding the assumptions used to calculate the value of all stock awards and option awards made to our NEOs in 2023 in Note 12 to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2023.
(3)Amounts represent bonuses earned by our NEOs based on the Company’s achievement of pre-established financial metrics under our 2023 Bonus Program. For a description of the 2023 Bonus Program, see “—Compensation Discussion and Analysis—Elements of Compensation—Cash Incentive Compensation” above.
(4)Amount for 2023 includes (i) Company-paid life insurance premiums and (ii) for Mses. Spear and Turenshine, 401(k) match in the amount of $22,500.
(5)Ms. Turenshine resigned from her position as Chief Financial Officer, effective as of April 12, 2024.
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