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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
Jan. 28, 2022
Jan. 30, 2021
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE TABLE
The following table sets forth additional compensation information of our Principal Executive Officer (“PEO”) and our
non-PEO
named executive officers
(“non-PEO
NEOs”) along with total shareholder return, net income (loss) and change in EVA results for Fiscal 2025, Fiscal 2024, Fiscal 2023, Fiscal 2022 and Fiscal 2021. “Compensation actually paid” (“CAP”), as required under SEC rules, reflects adjusted values to unvested and vested equity awards during the fiscal years shown in the table based on
year-end
stock prices, various accounting valuation assumptions, and projected performance modifiers but does not reflect actual amounts paid out for those awards. For a discussion of how the compensation committee assessed Genesco’s performance and the named executive officers’ pay each year, see the “Compensation Discussion and Analysis” in this proxy statement and in the proxy statements for Fiscal 2021, Fiscal 2022, Fiscal 2023 and Fiscal 2024.
 
                           
Value of Initial Fixed $100
Investment Based on:
             
Year (a)
 
Summary
Compensation
Table Total
for PEO
($)(1)
(b)
   
Compensation
Actually Paid
to PEO
($)(2)
(c)
   
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
($)(3)
(d)
   
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
($)(4)
(e)
   
Genesco
TSR
($)(5)
(f)
   
Peer Group
TSR
($)(6)
(g)
   
Net Income
(Loss)
($ Millions)(7)
(h)
   
Change in
EVA
($ Millions)
(8)
(i)
 
Fiscal 2025
  $ 5,185,437      $ 7,065,754     $ 1,640,128      $ 2,069,106     $ 106     $ 75     -$ 19      $ 10  
Fiscal 2024
  $ 4,250,035     -$ 911,957     $ 860,620     -$ 183,778     $ 73     $ 81     -$ 17     -$ 67  
Fiscal 2023
  $ 3,711,215      $ 3,555,298     $ 942,522      $ 794,370     $ 121     $ 102      $ 72     -$ 98  
Fiscal 2022
  $ 8,766,458      $ 9,019,572     $ 2,876,839      $ 2,887,343     $ 160     $ 113      $ 115      $ 173  
Fiscal 2021
  $ 2,796,797      $ 4,037,797     $ 605,265      $ 731,096     $ 99     $ 106     -$ 56     -$ 98  
 
 
(1)
Reflects compensation amounts reported in the “Summary Compensation Table” for the PEO for the respective years shown.
 
(2)
“Compensation actually paid” to the PEO in each of Fiscal 2025, Fiscal 2024, Fiscal 2023, Fiscal 2022 and Fiscal 2021 reflects the respective amounts set forth in column (b) above, adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (b) above do not reflect the actual amount of compensation earned by or paid to our PEO during the applicable year. For information regarding the decisions made by the compensation committee with respect to the PEO compensation for each fiscal year, please see the “Compensation Discussion and Analysis” sections of the proxy statements reporting pay for the fiscal years covered in the table above.
 
Fiscal Year
 
2021
   
2022
   
2023
   
2024
   
2025
 
CEO
 
Vaughn
   
Vaughn
   
Vaughn
   
Vaughn
   
Vaughn
 
SCT Total Compensation ($)
  $ 2,796,797     $ 8,766,458     $ 3,711,215     $ 4,250,035     $ 5,185,437  
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  $ 2,096,519     $ 5,113,804     $ 2,674,267     $ 3,183,204     $ 3,475,696  
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)
  $ 3,706,419     $ 2,413,120     $ 4,202,402     $ 1,231,973     $ 4,742,042  
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)
  ($ 15,538   $ 2,217,017     ($ 1,290,521   ($ 1,767,052   $ 805,415  
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($)
  ($ 353,362   $ 826,781     ($ 393,532   ($ 1,443,709   ($ 191,443
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Compensation Actually Paid ($)
  $ 4,037,797     $ 9,019,572     $ 3,555,298     ($ 911,957   $ 7,065,754  
Note: Equity Valuations: Stock option grant date fair value is calculated based on the Black-Scholes option pricing model as of date of grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Time-vested restricted share grant date fair values are calculated using the stock price as of date of grant.
Adjustments have been made using the stock price as of
year-end
and as of each date of vest.
Note that a portion of Fiscal 2022 bonus was paid in stock in Fiscal 2023, with a grant date of March 24, 2022. Both the cash and equity portions of this bonus were disclosed in the Summary Compensation Table for Fiscal 2022 (the cash was reported as
Non-Equity
Incentive Plan Compensation and the equity was reported as a Stock Award). Given the early Fiscal 2023 grant date for the equity portion of the bonus, for the “compensation actually paid” calculations, such portion was treated as a subtraction in Fiscal 2022 and an addition in Fiscal 2023.
 
(3)
The following
non-PEO
named executive officers are included in the average figures shown: George, Becker, Desai, Harris and Gray for Fiscal 2025; George, Becker, Desai, Daniel E. Ewoldsen and Mario Gallione for Fiscal 2024; George, Gallione, Desai and Ewoldsen for Fiscal 2023; George, Becker, Gallione and Desai for Fiscal 2022; and George, Becker, Gallione, Desai and Tucker for Fiscal 2021.
 
(4)
Average “compensation actually paid” for our
non-PEO
NEOs in each of Fiscal 2025, Fiscal 2024, Fiscal 2023, Fiscal 2022 and Fiscal 2021 reflects the respective amounts set forth in column (d) of the table above, adjusted as set forth in the table below, as determined in accordance with SEC rules. The dollar amounts reflected in column (d) of the table above do not reflect the actual amount of compensation earned by or paid to our
non-PEO
NEOs during the applicable year. For information regarding the decisions made by our compensation committee in regards to the
non-PEO
NEOs’ compensation for each fiscal year, please see the “Compensation Discussion and Analysis” sections of the proxy statements reporting pay for the fiscal years covered in the table above.
 
Fiscal Year
 
2021
   
2022
   
2023
   
2024
   
2025
 
Non-PEO
NEOs
  See Column
(d) Note
    See Column
(d) Note
    See Column
(d) Note
    See Column
(d) Note
    See Column
(d) Note
 
SCT Total Compensation ($)
  $ 605,265     $ 2,876,839     $ 942,522     $ 860,620     $ 1,640,128  
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  $ 298,773     $ 1,538,400     $ 353,906     $ 393,522     $ 911,866  
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)
  $ 590,999     $ 887,769     $ 641,691     $ 168,250     $ 1,058,716  
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)
  ($ 3,469   $ 452,546     ($ 314,332   ($ 253,562   $ 56,961  
Plus Fair Value at Vesting Date of Awards Granted and Vested During the Fiscal Year ($)
  $ 0     $ 0     $ 0     $ 0     $ 242,632  
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($)
  ($ 90,451   $ 208,590     ($ 121,605   ($ 316,954   ($ 17,464
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)
  ($ 72,475   $ 0     $ 0     ($ 248,610   $ 0  
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Compensation Actually Paid ($)
  $ 731,096     $ 2,887,343     $ 794,370     ($ 183,778   $ 2,069,106  
Note: Equity Valuations: Stock option grant date fair value is calculated based on the Black-Scholes option pricing model as of date of grant. Adjustments have been made using stock option fair values as of each measurement date using the stock price as of the measurement date and updated assumptions (i.e., term, volatility, dividend yield, risk free rates) as of the measurement date. Time-vested restricted share grant date fair values are calculated using the stock price as of date of grant.
Adjustments have been made using the stock price as of
year-end
and as of each date of vest.
Note that a portion of Fiscal 2022 bonus was paid in stock in Fiscal 2023, with a grant date of March 24, 2022. Both the cash and equity portions of this bonus were disclosed in the Summary Compensation Table for Fiscal 2022 (the cash was reported as
Non-Equity
Incentive Plan Compensation and the equity was reported as a Stock Award). Given the early Fiscal 2023 grant date for the equity portion of the bonus, for the “compensation actually paid” calculations, such portion was treated as a subtraction in Fiscal 2022 and an addition in Fiscal 2023.
 
(5)
For the relevant fiscal year, represents the cumulative value of $100 invested in Genesco for the measurement periods beginning on February 1, 2020 and ending on February 1, 2025, February 3, 2024, January 28, 2023, January 29, 2022 and January 31, 2021, respectively.
 
(6)
For the relevant fiscal year, represents the cumulative TSR (“Peer Group TSR”) of the annual report Peer Group consisting of Caleres, Inc., Designer Brands, Foot Locker, Inc., Shoe Carnival, Inc. and Wolverine World Wide, Inc. (the “Peer Group”) for the measurement periods beginning on February 1, 2020 and ending on February 1, 2025, February 3, 2024, January 28, 2023, January 29, 2022 and January 31, 2021, respectively.
 
(7)
Reflects “Net Income (Loss)” in the Company’s Consolidated Statements of Operations included in the Company’s Annual Reports on Form
10-K
for each of the years ended February 1, 2025, February 3, 2024, January 28, 2023, January 29, 2022 and January 31, 2021.
(8)
Company-Selected Measure is change in economic value added, or EVA. The Company determined EVA in Fiscal 2025 by subtracting from a business unit’s “net operating profit after taxes,” or NOPAT, a charge of 10% of the “average net assets” employed to generate the profit. EVA, NOPAT and average net assets are
non-GAAP
financial measures the Company computes utilizing, and for purposes of supplementing, certain financial metrics included in the Company’s audited consolidated financial statements, which are prepared in accordance with GAAP. For more information on EVA, NOPAT and average net assets, please see “EVA Calculations” above in “Executive Compensation — Compensation Discussion and Analysis Fiscal — 2025 Compensation Discussion.”
       
Company Selected Measure Name Change inEVA        
Named Executive Officers, Footnote The following
non-PEO
named executive officers are included in the average figures shown: George, Becker, Desai, Harris and Gray for Fiscal 2025; George, Becker, Desai, Daniel E. Ewoldsen and Mario Gallione for Fiscal 2024; George, Gallione, Desai and Ewoldsen for Fiscal 2023; George, Becker, Gallione and Desai for Fiscal 2022; and George, Becker, Gallione, Desai and Tucker for Fiscal 2021.
       
Peer Group Issuers, Footnote For the relevant fiscal year, represents the cumulative TSR (“Peer Group TSR”) of the annual report Peer Group consisting of Caleres, Inc., Designer Brands, Foot Locker, Inc., Shoe Carnival, Inc. and Wolverine World Wide, Inc. (the “Peer Group”) for the measurement periods beginning on February 1, 2020 and ending on February 1, 2025, February 3, 2024, January 28, 2023, January 29, 2022 and January 31, 2021, respectively.        
PEO Total Compensation Amount $ 5,185,437 $ 4,250,035 $ 3,711,215 $ 8,766,458 $ 2,796,797
PEO Actually Paid Compensation Amount $ 7,065,754 (911,957) 3,555,298 9,019,572 4,037,797
Adjustment To PEO Compensation, Footnote
Fiscal Year
 
2021
   
2022
   
2023
   
2024
   
2025
 
CEO
 
Vaughn
   
Vaughn
   
Vaughn
   
Vaughn
   
Vaughn
 
SCT Total Compensation ($)
  $ 2,796,797     $ 8,766,458     $ 3,711,215     $ 4,250,035     $ 5,185,437  
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  $ 2,096,519     $ 5,113,804     $ 2,674,267     $ 3,183,204     $ 3,475,696  
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)
  $ 3,706,419     $ 2,413,120     $ 4,202,402     $ 1,231,973     $ 4,742,042  
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)
  ($ 15,538   $ 2,217,017     ($ 1,290,521   ($ 1,767,052   $ 805,415  
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($)
  ($ 353,362   $ 826,781     ($ 393,532   ($ 1,443,709   ($ 191,443
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Compensation Actually Paid ($)
  $ 4,037,797     $ 9,019,572     $ 3,555,298     ($ 911,957   $ 7,065,754  
       
Non-PEO NEO Average Total Compensation Amount $ 1,640,128 860,620 942,522 2,876,839 605,265
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,069,106 (183,778) 794,370 2,887,343 731,096
Adjustment to Non-PEO NEO Compensation Footnote
Fiscal Year
 
2021
   
2022
   
2023
   
2024
   
2025
 
Non-PEO
NEOs
  See Column
(d) Note
    See Column
(d) Note
    See Column
(d) Note
    See Column
(d) Note
    See Column
(d) Note
 
SCT Total Compensation ($)
  $ 605,265     $ 2,876,839     $ 942,522     $ 860,620     $ 1,640,128  
Less: Stock and Option Award Values Reported in SCT for the Covered Year ($)
  $ 298,773     $ 1,538,400     $ 353,906     $ 393,522     $ 911,866  
Plus: Fair Value for Stock and Option Awards Granted in the Covered Year ($)
  $ 590,999     $ 887,769     $ 641,691     $ 168,250     $ 1,058,716  
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years ($)
  ($ 3,469   $ 452,546     ($ 314,332   ($ 253,562   $ 56,961  
Plus Fair Value at Vesting Date of Awards Granted and Vested During the Fiscal Year ($)
  $ 0     $ 0     $ 0     $ 0     $ 242,632  
Change in Fair Value of Stock and Option Awards from Prior Years that Vested in the Covered Year ($)
  ($ 90,451   $ 208,590     ($ 121,605   ($ 316,954   ($ 17,464
Less: Fair Value of Stock and Option Awards Forfeited during the Covered Year ($)
  ($ 72,475   $ 0     $ 0     ($ 248,610   $ 0  
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans ($)
  $ 0     $ 0     $ 0     $ 0     $ 0  
Compensation Actually Paid ($)
  $ 731,096     $ 2,887,343     $ 794,370     ($ 183,778   $ 2,069,106  
       
Compensation Actually Paid vs. Total Shareholder Return
LOGO
       
Compensation Actually Paid vs. Net Income
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
LOGO
       
Total Shareholder Return Vs Peer Group
LOGO
       
Tabular List, Table
List of Performance Measures
Listed below are the performance measures which in our assessment represent the most important financial performance measures we use to link compensation actually paid to our named executive officers, for Fiscal 2025, to Company performance.
 
Measure
  
Nature
 
Change in EVA
     Financial  
Adjusted Operating Income
     Financial  
       
Total Shareholder Return Amount $ 106 73 121 160 99
Peer Group Total Shareholder Return Amount 75 81 102 113 106
Net Income (Loss) $ (19,000,000) $ (17,000,000) $ 72,000,000 $ 115,000,000 $ (56,000,000)
Company Selected Measure Amount 10,000,000 (67,000,000) (98,000,000) 173,000,000 (98,000,000)
PEO Name Vaughn        
Measure:: 1          
Pay vs Performance Disclosure          
Name Change in EVA        
Non-GAAP Measure Description Company-Selected Measure is change in economic value added, or EVA. The Company determined EVA in Fiscal 2025 by subtracting from a business unit’s “net operating profit after taxes,” or NOPAT, a charge of 10% of the “average net assets” employed to generate the profit. EVA, NOPAT and average net assets are
non-GAAP
financial measures the Company computes utilizing, and for purposes of supplementing, certain financial metrics included in the Company’s audited consolidated financial statements, which are prepared in accordance with GAAP. For more information on EVA, NOPAT and average net assets, please see “EVA Calculations” above in “Executive Compensation — Compensation Discussion and Analysis Fiscal — 2025 Compensation Discussion.”
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Operating Income        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0
PEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,475,696) (3,183,204) (2,674,267) (5,113,804) (2,096,519)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 805,415 (1,767,052) (1,290,521) 2,217,017 (15,538)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (191,443) (1,443,709) (393,532) 826,781 (353,362)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Fair Value for Stock and Option Awards Granted in the Covered Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,742,042 1,231,973 4,202,402 2,413,120 3,706,419
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Pension Adjustments Prior Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (911,866) (393,522) (353,906) (1,538,400) (298,773)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 56,961 (253,562) (314,332) 452,546 (3,469)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 242,632 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (17,464) (316,954) (121,605) 208,590 (90,451)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (248,610) 0 0 (72,475)
Non-PEO NEO | Fair Value for Stock and Option Awards Granted in the Covered Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,058,716 $ 168,250 $ 641,691 $ 887,769 $ 590,999