Gary J. Ray
2008
In 2008, Gary J. Ray earned a total compensation of $5.3M as President Protein Business at Hormel Foods, a 30% increase compared to previous year.
Compensation breakdown
| Change in Pension Value and Nonqualified Deferred Compensation Earnings | $891,811 |
|---|---|
| Non-Equity Incentive Plan | $2,602,432 |
| Option Awards | $1,263,263 |
| Salary | $520,665 |
| Other | $48,704 |
| Total | $5,326,875 |
Ray received $2.6M in non-equity incentive plan, accounting for 49% of the total pay in 2008.
Ray also received $891.8K of change in pension value and nonqualified deferred compensation earnings, $1.3M in option awards, $520.7K in salary and $48.7K in other compensation.
Rankings
In 2008, Gary J. Ray's compensation ranked 743rd out of 9,135 executives tracked by ExecPay. In other words, Ray earned more than 91.9% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 743 out of 9,135 | 92nd |
Division Manufacturing | 260 out of 3,436 | 92nd |
Major group Food And Kindred Products | 32 out of 182 | 82nd |
Industry group Meat Products | 3 out of 11 | 73rd |
Industry Meat Packing Plants | 2 out of 5 | 60th |
Source: SEC filing on December 17, 2008.
Ray's colleagues
We found four more compensation records of executives who worked with Gary J. Ray at Hormel Foods in 2008.