It’s been a year of ups and downs for The Honest Company, a manufacturer and retailer of baby, skin care, bath and beauty products.
The company announced its initial public offering last May, but “challenges” in the supply chain later in the year (according to the chairman of the board) prompted the company to make plans and caused its share price to plummet. However, Honest Company managed to fulfill its vision and stated in its 2021 proxy presentation that 2022 will be a year of expansion as it launches new markets and product lines nationally and globally.
Meanwhile, its top executives are still getting big payoffs, thanks in large part to an IPO boost a year ago. Among them is Jestica Alba, founder and creative director of Honest Company, who is also known for her roles in films such as ᲨExcellent four And TV shows like the dark angel.
According to a representative for the Honest Company, Alba received nearly $8 million in 2021, most of it in the form of a $6 million stock award. Alba also received a salary of $563,077 and received a bonus of $1.4 million.
However, thanks to Honest Company’s share price volatility (it closed at $4.52 a share on Thursday, down from $23 a share on the day the IPO was launched), Alba at the company dropped to $27 million, about $130 million. .Of dollars. In the IPO.
Honest Company CEO Nikolaos Vlachos was the company’s highest-paid executive, earning $13.8 million, including nearly $9 million in stock awards.
Source: Hollywood Reporter
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
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