Ingredion CEO James Zallie's 2021 pay rises 7% to $10M
Ingredion reports 2021 executive compensation
By ExecPay News
Published: April 7, 2022
Ingredion reported fiscal year 2021 executive compensation information on April 7, 2022.
In 2021, six Ingredion executives received on average a compensation package of $4M, a 1% decrease compared to previous year.
Average pay of disclosed executives at Ingredion
James P. Zallie, Chief Executive Officer, received $10M in total, which increased by 7% compared to 2020. 52% of Zallie's compensation, or $5.4M, was in stock awards. Zallie also received $329K of change in pension value and nonqualified deferred compensation earnings, $1.7M in non-equity incentive plan, $1.6M in option awards, $1.1M in salary, as well as $211K in other compensation.
For fiscal year 2021, the median employee pay was $22,969 at Ingredion. Therefore, the ratio of James P. Zallie's pay to the median employee pay was 449 to one.
Jorgen Kokke, Executive Vice President, Specialties and President, Americas, received a compensation package of $3.3M, which increased by 46% compared to previous year. 45% of the compensation package, or $1.5M, was in stock awards.
James D. Gray, Chief Financial Officer, earned $3.3M in 2021, a 28% increase compared to previous year.
Jeremy Xu, Chief Innovation Officer and President, Sweetener Specialties, received $2.7M in 2021.
Janet Bawcom, General Counsel, earned $2.1M in 2021, a 37% increase compared to previous year.
Eric Seip, Senior Vice President, Global Operations, received $2.1M in 2021.
Related executives
James Zallie
Ingredion
Chief Executive Officer
James Gray
Ingredion
Chief Financial Officer
Janet Bawcom
Ingredion
General Counsel
Jorgen Kokke
Ingredion
Executive Vice President, Specialties and President, Americas
Eric Seip
Ingredion
Senior Vice President, Global Operations
Jeremy Xu
Ingredion
Chief Innovation Officer and President, Sweetener Specialties
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Source: SEC filing on April 7, 2022.