Sanderson Farms CEO Joe Sanderson's 2020 pay rises 9% to $4.5M
Sanderson Farms reports 2020 executive compensation
By ExecPay News
Published: January 14, 2021
Sanderson Farms reported fiscal year 2020 executive compensation information on January 14, 2021.
In 2020, four executives at Sanderson Farms received on average a compensation package of $2M, a 9% increase compared to previous year.
Average pay of disclosed executives at Sanderson Farms
Joe F. Sanderson, Jr, Chief Executive Officer, received $4.5M in total, which increased by 9% compared to 2019. 63% of Sanderson's compensation, or $2.8M, was in stock awards. Sanderson also received $1.5M in salary and $178K in other compensation.
For fiscal year 2020, the median employee pay was $35,896 at Sanderson Farms. Therefore, the ratio of Joe F. Sanderson, Jr's pay to the median employee pay was 126 to one.
Lampkin Butts, Chief Operating Officer, received a compensation package of $1.6M, which increased by 11% compared to previous year. 47% of the compensation package, or $759K, was in stock awards.
Mike Cockrell, Chief Financial Officer, earned $1.3M in 2020, a 6% increase compared to previous year.
Tim Rigney, Secretary, received $476K in 2020, which increases by 6% compared to 2019.
Sanderson Farms' fiscal year ends on October 31.
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Source: SEC filing on January 14, 2021.