Shares closed today at $205.86. Under Dillon, Ulta has improved its e-commerce operations while continuing to build more stores. The company currently operates about 875 locations across the country, more than twice the fewer than 400 it had five years ago. Ulta's other C-level leaders did not receive such large raises. David Kimbell, the retailer's chief merchandising and marketing officer, actually saw his overall compensation drop by 35 percent, to $1.5 million. CFO Scott Settersten, meanwhile, received about an 18 percent raise, to $1.35 million.