Hormel Foods CEO James Snee's 2018 pay rises 1% to $6.4M
Hormel Foods reports 2018 executive compensation
By ExecPay News
Published: December 19, 2018
Hormel Foods reported fiscal year 2018 executive compensation information on December 19, 2018.
In 2018, five executives at Hormel Foods received on average a compensation package of $2.7M, a 29% decrease compared to previous year.
Average pay of disclosed executives at Hormel Foods
James P. Snee, Chief Executive Officer, received $6.4M in total, which increased by 1% compared to 2017. 47% of Snee's compensation, or $3M, was in non-equity incentive plan. Snee also received $250 in bonus, $2.4M in option awards, $883K in salary, as well as $140K in other compensation.
Thomas R. Day, Executive Vice President, received a compensation package of $2M, which decreased by 35% compared to previous year. 48% of the compensation package, or $974K, was in non-equity incentive plan.
James N. Sheehan, Chief Financial Officer, earned $1.9M in 2018, a 25% decrease compared to previous year.
Glenn R. Leitch, Executive Vice President, received $1.8M in 2018, which decreases by 25% compared to 2017.
James M. Splinter, Group Vice President, earned $1.6M in 2018.
Hormel Foods' fiscal year ends on October 30.
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Source: SEC filing on December 19, 2018.