Hormel Foods CEO James Snee's 2020 pay jumps 23% to $10M
Hormel Foods reports 2020 executive compensation
By ExecPay News
Published: December 16, 2020
Hormel Foods reported fiscal year 2020 executive compensation information on December 16, 2020.
In 2020, seven executives at Hormel Foods received on average a compensation package of $3.4M, a 12% decrease compared to previous year.
Average pay of disclosed executives at Hormel Foods
James P. Snee, Chief Executive Officer, received $10M in total, which increased by 23% compared to 2019. 53% of Snee's compensation, or $5.4M, was in non-equity incentive plan. Snee also received $300 in bonus, $440K of change in pension value and nonqualified deferred compensation earnings, $1.6M in option awards, $966K in salary, $1.6M in stock awards, as well as $213K in other compensation.
For fiscal year 2020, the median employee pay was $44,263 at Hormel Foods. Therefore, the ratio of James P. Snee's pay to the median employee pay was 232 to one.
James N. Sheehan, Chief Financial Officer, received a compensation package of $2.9M, which decreased by 1% compared to previous year. 43% of the compensation package, or $1.3M, was in non-equity incentive plan.
Glenn R. Leitch, Executive Vice President, earned $2.7M in 2020, a 5% increase compared to previous year.
Thomas R. Day, Former Executive Vice President, received $2.5M in 2020, which decreases by 29% compared to 2019.
Deanna T. Brady, Executive Vice President, earned $2.1M in 2020.
James M. Splinter, Former Group Vice President, received $1.9M in 2020, which decreases by 17% compared to 2019.
Lori J. Marco, Senior Vice President, earned $1.8M in 2020.
Hormel Foods' fiscal year ends on October 30.
Related executives
James Snee
Hormel Foods
Chief Executive Officer
James Sheehan
Hormel Foods
Chief Financial Officer
Glenn Leitch
Hormel Foods
Former Executive Vice President
Thomas Day
Hormel Foods
Former Executive Vice President
Deanna Brady
Hormel Foods
Executive Vice President
James Splinter
Hormel Foods
Former Group Vice President
Lori Marco
Hormel Foods
Senior Vice President
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Source: SEC filing on December 16, 2020.