Hormel Foods reports 2018 executive compensation

CEO James P. Snee receives $6.4M

Hormel Foods reported fiscal year 2018 executive compensation information on December 19, 2018.

In 2018, five executives at Hormel Foods received on average a compensation package of $2,748,312, a 29% decrease compared to previous year.

Average pay of disclosed executives at Hormel Foods

James P. Snee, Chief Executive Officer, received $6,353,255 in total, which increased by 1% compared to 2017. 46.53% of Snee's compensation, or $2,955,987, was in non-equity incentive plan. Snee also received $250 in bonus, $2,374,691 in option awards, $882,750 in salary, as well as $139,577 in other compensation.

Thomas R. Day, Executive Vice President, received a compensation package of $2,032,550, which decreased by 35% compared to previous year. 47.92% of the compensation package, or $974,091, was in non-equity incentive plan.

James N. Sheehan, Chief Financial Officer, earned $1,923,670 in 2018, a 25% decrease compared to previous year.

Glenn R. Leitch, Executive Vice President, received $1,817,752 in 2018, which decreases by 25% compared to 2017.

James M. Splinter, Group Vice President, earned $1,614,335 in 2018.

Hormel Foods' fiscal year ends on October 28.