VF’s Eric Wiseman Sees Pay Increase to $17.8 Million

VF Corp. chief executive officer Eric Wiseman saw his 2014 compensation increase by more than half as the cash component of his pay grew by nearly a third. Wiseman’s total compensation last year was $17.8 million, 51.3 percent above the $11.8 million reported for 2013, according to the definitive proxy filed with the Securities and Exchange Commission Thursday. The cash segment of his pay package grew more modestly, rising 32.4 percent, to $4.7 million from $3.6 million, as his base salary was up 9.1 percent, to $1.3 million from $1.25 million, and his cash bonus — or nonequity incentive plan compensation, in the language of the proxy — grew 47.7 percent to $3.4 million from $2.3 million in the prior year. The combination of stock and option awards was $8.2 million, 6.1 percent above the $7.8 million the chairman, president and ceo of VF was granted in 2013. Awards are reported at fair market value on their grant date although, because of vesting schedules and fluctuations in stock prices, they aren’t necessarily realized by the recipient. The bulk of the more than $6 million gain in Wiseman’s compensation came from the principally actuarial calculation of “change in pension value and nonqualified compensation earnings,” which

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