United Natural Foods CEO Steven Spinner's 2019 pay jumps 39% to $7.1M
United Natural Foods reports 2019 executive compensation
By ExecPay News
Published: November 5, 2019
United Natural Foods reported fiscal year 2019 executive compensation information on November 5, 2019.
In 2019, six executives at United Natural Foods received on average a compensation package of $2.9M, a 38% increase compared to previous year.
Average pay of disclosed executives at United Natural Foods
Steven L. Spinner, Chief Executive Officer, received $7.1M in total, which increased by 39% compared to 2018. 72% of Spinner's compensation, or $5.1M, was in stock awards. Spinner also received $13K of change in pension value and nonqualified deferred compensation earnings, $760K in non-equity incentive plan, $1.2M in salary, as well as $64K in other compensation.
For fiscal year 2019, the median employee pay was $50,848 at United Natural Foods. Therefore, the ratio of Steven L. Spinner's pay to the median employee pay was 140 to one.
Sean F. Griffin, Chief Executive Officer, received a compensation package of $3.7M, which increased by 79% compared to previous year. 62% of the compensation package, or $2.3M, was in stock awards.
Michael P. Zechmeister, Chief Financial Officer, earned $2M in 2019, a 15% increase compared to previous year.
Christopher P. Testa, Chief Marketing Officer, received $1.5M in 2019.
Jill E. Sutton, Chief Legal Officer, earned $1.5M in 2019.
Eric A. Dorne, Chief Operating Officer, received $1.4M in 2019, which increases by 26% compared to 2018.
United Natural Foods' fiscal year ends on July 31.
Related executives
Steven Spinner
United Natural Foods
Chief Executive Officer
Michael Zechmeister
United Natural Foods
Chief Financial Officer
Sean Griffin
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Chief Executive Officer
Jill Sutton
United Natural Foods
Chief Legal Officer
Christopher Testa
United Natural Foods
President
Eric Dorne
United Natural Foods
Chief Operating Officer
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Source: SEC filing on November 5, 2019.