Pilgrim's Pride CEO William Lovette's 2018 pay jumps 90% to $7.4M
Pilgrim's Pride reports 2018 executive compensation
By ExecPay News
Published: April 5, 2019
Pilgrim's Pride reported fiscal year 2018 executive compensation information on April 5, 2019.
In 2018, two executives at Pilgrim's Pride received on average a compensation package of $6M, a 125% increase compared to previous year.
Average pay of disclosed executives at Pilgrim's Pride
William W. Lovette, Chief Executive Officer, received $7.4M in total, which increased by 90% compared to 2017. 82% of Lovette's compensation, or $6.1M, was in stock awards. Lovette also received $250K in non-equity incentive plan, $1M in salary, as well as $76K in other compensation.
For fiscal year 2018, the median employee pay was $36,150 at Pilgrim's Pride. Therefore, the ratio of William W. Lovette's pay to the median employee pay was 205 to one.
Fabio Sandri, Chief Financial Officer, received a compensation package of $4.6M, which increased by 223% compared to previous year. 87% of the compensation package, or $4M, was in stock awards.
Pilgrim's Pride's fiscal year ends on December 25.
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Source: SEC filing on April 5, 2019.