Hormel Foods CEO James Snee's 2021 pay slips 3% to $10M
Hormel Foods reports 2021 executive compensation
By ExecPay News
Published: December 15, 2021
Hormel Foods reported fiscal year 2021 executive compensation information on December 15, 2021.
In 2021, six executives at Hormel Foods received on average a compensation package of $3.4M, which is about the same as previous year.
Average pay of disclosed executives at Hormel Foods
James P. Snee, Chief Executive Officer, received $10M in total, which decreased by 3% compared to 2020. 48% of Snee's compensation, or $4.8M, was in non-equity incentive plan. Snee also received $200 in bonus, $556K of change in pension value and nonqualified deferred compensation earnings, $1.7M in option awards, $1M in salary, $1.7M in stock awards, as well as $248K in other compensation.
For fiscal year 2021, the median employee pay was $49,760 at Hormel Foods. Therefore, the ratio of James P. Snee's pay to the median employee pay was 200 to one.
James N. Sheehan, Chief Financial Officer, received a compensation package of $2.9M, which decreased by 1% compared to previous year. 38% of the compensation package, or $1.1M, was in non-equity incentive plan.
Deanna T. Brady, Executive Vice President, earned $2.2M in 2021, a 6% increase compared to previous year.
Glenn R. Leitch, Former Executive Vice President, received $2M in 2021, which decreases by 24% compared to 2020.
Jacinth C. Smiley, Group Vice President, earned $2M in 2021.
Lori J. Marco, Senior Vice President, received $1.6M in 2021, which decreases by 10% compared to 2020.
Hormel Foods' fiscal year ends on October 30.
Related executives
You may also like
Source: SEC filing on December 15, 2021.