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FOOT LOCKER, INC. : Change in Directors or Principal Officers (form 8-K)

11/20/2020 | 04:03pm EDT

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

            Appointment of

Certain Officers; Compensatory Arrangements of Certain Officers.

On November 17, 2020, the Compensation and Management Resources Committee (the "Compensation Committee") of the Board of Directors of Foot Locker, Inc. (the "Company") established long-term incentive compensation performance goals for the 2020-21 performance period based on a combination of the Company's two-year average after-tax income and return-on-invested capital. Provided the performance goals are achieved, 100% of the executives' long-term awards would be payable in restricted stock units ("RSUs") under the 2007 Stock Incentive Plan. Earned payouts are subject to a time-based one-year vesting period following the end of the performance period before payout to the executives. Individual long-term target awards are expressed as a percentage of the executive's annual base salary. The Compensation Committee established individual long-term target awards for the executives included as named executive officers ("NEOs") in the Company's 2020 proxy statement who are currently employed by the Company. The percentages shown in the table below represent the applicable percent of each NEO's 2020 annual base salary that would be paid to the NEOs, in RSUs as described above, if the established goals are achieved.

                                Percent of Annual Base Salary
Name                    Threshold Payout     Target Payout  Maximum Payout
Richard A. Johnson          81.25%               325%            650%
Lauren B. Peters               25%               100%            200%

The threshold, target, and maximum number of RSUs for each executive were calculated on November 17, 2020 on the basis of that day's closing stock price. The actual number of RSUs awarded will be based on the Company's performance compared to targets. The value of the RSUs received by an executive will depend upon the Company's stock price on the payment date.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2022 8 565 M - -
Net income 2022 591 M - -
Net cash 2022 1 359 M - -
P/E ratio 2022 9,97x
Yield 2022 1,96%
Capitalization 5 928 M 5 928 M -
EV / Sales 2022 0,53x
EV / Sales 2023 0,53x
Nbr of Employees 33 522
Free-Float 97,8%
Duration : Period :
Foot Locker, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends FOOT LOCKER, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 69,94 $
Last Close Price 57,25 $
Spread / Highest target 43,2%
Spread / Average Target 22,2%
Spread / Lowest Target -35,4%
EPS Revisions
Managers and Directors
Richard A. Johnson Chairman, President & Chief Executive Officer
Andrew Page Chief Financial Officer & Executive Vice President
Himanshu Parikh Chief Information Officer & Senior Vice President
Dona Davis Young Lead Independent Director
Matthew M. McKenna Independent Director
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