Summary by Moomoo AI
On November 4, 2024, Costco's Compensation Committee approved the fiscal 2025 executive bonus criteria, incorporating both financial and ESG performance metrics. The CEO is eligible for a maximum bonus of $700,000, including $250,000 each for sales and pre-tax income targets, plus $100,000 for environmental and social objectives.Other executive officers can earn up to $232,000, comprising $80,000 each for sales and pre-tax income targets, and $40,000 for ESG goals. The ESG component includes $24,000 for quantitative metrics in diversity, resource consumption, and emissions, plus $16,000 based on CEO's discretionary assessment.For both CEO and executive officers, performance-based payments for sales and pre-tax income targets can range from zero to 120% of the target amount, depending on achievement levels. The plan demonstrates Costco's commitment to integrating sustainability and social responsibility into executive compensation.
