COSTCO WHOLESALE CORP /NEW (COST): CEO Chief Executive Officer compensation terms

Events in this filing

Item 5.02 as filed

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 13, 2026, the Compensation Committee of the Board of Directors approved the fiscal 2027 criteria for bonuses to executive officers, with the Nominating and Governance Committee of the Board also approving the environmental and social performance criteria. Executive officers other than the Chief Executive Officer are eligible to receive base bonuses of $400,000. The base amounts include $160,000 based on targets relating to sales and $160,000 based on targets relating to pre-tax income. The potential payment attributable to each goal may be from zero to up to 120% of the target amount, based on the level of achievement. In addition, up to $80,000 can be earned relating to environmental and social objectives based on quantitative performance metrics (including those concerning human capital and environmental-related areas).
For fiscal 2027, the Chief Executive Officer is eligible to receive a base bonus of $1.2 million. The base amount includes $500,000 based on targets relating to sales and $500,000 based on targets relating to pre-tax income. The potential payment attributable to each goal may be from zero to up to 120% of the target amount, based on the level of achievement. In addition, $200,000 can be earned relating to environmental and social metrics (as discussed above).
A copy of the Fiscal 2027 Executive Bonus Plan is attached as Exhibit 10.1.