It’s been a year of ups and downs for The Honest Company, the producer and marketer of baby, skincare, bath and beauty products.
The company went public in an IPO last May, but supply chain “challenges” later in the year (according to a memo from the chairman of the board) upended plans to company and caused its share price to fall. Still, Honest Company was able to deliver on its vision and, in its 2021 proxy filing, said 2022 will be a year of expansion as it seeks new markets and product lines domestically and around the world. world.
In the meantime, its top executives were still well compensated, largely thanks to that IPO a year ago. Among them is Honest Company founder and chief creative officer, Jessica Alba, also known for her acting roles in films like The Fantastic Four and TV shows like Black Angel.
According to Honest Company’s attorney, Alba received nearly $8 million in 2021, most of it in the form of a $6 million stock award. Alba also took a salary of $563,077 and received a bonus of $1.4 million.
However, thanks to the volatility of Honest Company’s stock price (it closed Thursday at $4.52 per share, compared to $23 per share on the day of its IPO), Alba’s stake in the company declined in value to just over $27 million, from around $130 million. in the IPO.
Honest Company CEO Nikolaos Vlahos was the company’s highest-paid executive, earning $13.8 million, including nearly $9 million in stock.
