Companies Coca-Cola Consolidated

Coca-Cola Consolidated (COKE): executive pay, fiscal 2025

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CEO total pay$16,712,541CEO J. Frank Harrison, III · source

Say-on-pay support99.41%Latest vote · source

CEO vs. named peers75th pct.Of 13 peer CEOs

CEO pay ratio288:1To the median employee · source

CEO pay, last three years

$19,781,001FY2023
$19,033,392FY2024
$16,712,541FY2025

CEO total pay was $16,712,541 in fiscal 2025, down from $19,033,392 in fiscal 2024.

FY2025: salary $1,406,368 · bonus $0 · stock awards $0 · option awards $0

Executives and directors

E. Beauregarde Fisher III · General Counsel J. Frank Harrison, III · CEO Matthew Blickley · CFO David Katz · President F. Scott Anthony · Executive Dennis A. Wicker · Independent Director Elaine Bowers Coventry · Former director (through FY2025)Ellison C. Glenn · Director James H. Morgan · Independent Director James R. Helvey, III · Lead Independent Director Jason D. (J.D.) Hickey · Independent Director Morgan H. Everett · Director Richard T. Williams · Independent Director Sharon A. Decker · Independent Director Umesh M. Kasbekar · Director William H. Jones · Independent Director

Frequently asked questions

Who was the highest-paid executive at Coca-Cola Consolidated in fiscal 2025?

As disclosed, J. Frank Harrison, III (Chairman of the Board and Chief Executive Officer) was the highest-paid executive at Coca-Cola Consolidated in fiscal 2025, with total compensation of $16,712,541.

How does Coca-Cola Consolidated's chief executive pay compare to its disclosed peer group?

As disclosed, J. Frank Harrison, III's total compensation ranked at the 75th percentile of Coca-Cola Consolidated's disclosed peer group.

What is Coca-Cola Consolidated's CEO-to-median employee pay ratio?

As disclosed, Coca-Cola Consolidated's CEO-to-median employee pay ratio was 288:1.

How did shareholders vote on Coca-Cola Consolidated's executive compensation?

As disclosed, 99.41% of shareholders supported Coca-Cola Consolidated's executive compensation in the latest say-on-pay vote.

How much does Coca-Cola Consolidated spend in total on board compensation for fiscal 2025?

As disclosed, Coca-Cola Consolidated reported total board compensation of $2,497,100 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table

Named executive officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension / NQDC	All other	Total
J. Frank Harrison, III	$1,406,368	$0	$0	$0	$12,905,305	$2,020,835	$380,033	$16,712,541
Chairman of the Board and Chief Executive Officer
David Katz	1,062,821	0	0	0	4,022,840	328,553	792,162	6,206,376
President and Chief Operating Officer
E. Beauregarde Fisher III	692,444	0	0	0	1,623,878	0	556,080	2,872,402
Chief Legal and Administrative Officer and Corporate Secretary
Matthew Blickley	464,651	0	0	0	889,699	0	98,781	1,453,130
Chief Financial Officer and Chief Accounting Officer
F. Scott Anthony	219,317	0	0	0	708,831	0	273,679	1,201,827
Former Executive Vice President and Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officer	FY2025 total	FY2024 total	FY2023 total	Δ FY2024→2025
J. Frank Harrison, III	$16,712,541	$19,033,392	$19,781,001	↓ −2,320,851
David Katz	6,206,376	7,007,062	6,748,231	↓ −800,686
E. Beauregarde Fisher III	2,872,402	3,091,371	2,977,122	↓ −218,969
Matthew Blickley	1,453,130	—	—	—
F. Scott Anthony	1,201,827	2,850,845	2,686,599	↓ −1,649,018

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

The Company's executive compensation program is designed to be competitive to attract and retain talent, affordable and aligned with stockholder interests, and fair and equitable. It aims to motivate executives to achieve annual and long-term strategic and financial goals, balance risk and reward, and consider individual value and contribution while remaining sensitive to market benchmarks and succession planning objectives.

CEO STI target (% of salary)	100%
CEO LTI target (% of salary)	—
Independent consultant	Korn Ferry
Clawback policy	true
Anti-hedging	true
Anti-pledging	true

Equity grants and outstanding awards

No plan-based awards are on file for this fiscal year.

No outstanding equity awards are on file for this fiscal year.

Director compensation

Director	Cash fees	Stock awards	Option awards	Non-equity incentive	All other	Total
Umesh M. KasbekarNot independent · Not standing for re-election	$220,000	$0	$0	$0	$400,000	$620,000
Dennis A. WickerIndependent · Audit Committee · Compensation Committee (Chair) · Executive Committee	273,700	0	0	0	0	273,700
James H. MorganIndependent · Audit Committee (Chair) · Compensation Committee · Executive Committee	256,200	0	0	0	0	256,200
Sharon A. DeckerIndependent · Audit Committee · Compensation Committee	229,600	0	0	0	0	229,600
William H. JonesIndependent · Audit Committee	226,400	0	0	0	0	226,400
James R. Helvey IIIIndependent · Lead Independent Director · Audit	226,400	0	0	0	0	226,400
Richard T. WilliamsIndependent · Compensation Committee	223,200	0	0	0	0	223,200
Jason D. (J.D.) HickeyIndependent · Compensation Committee	221,600	0	0	0	0	221,600
Elaine Bowers CoventryIndependent · Departed during FY	220,000	0	0	0	0	220,000

Board fee structure and ownership guideline

Annual cash retainer	$220,000
Annual equity retainer	—
Per board meeting fee	—
Committee chair fees (audit / comp / nom-gov)	25,000 / 17,500
Stock ownership guideline	—

Total cost of the board

Component	FY2025
Cash retainers and fees	$2,097,100
Equity awards (grant-date value)	$0
All other compensation	$400,000
Total cost of the board	$2,497,100

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Coca-Cola Consolidated as a peer

Companies that benchmark against COKE

4 companies name COKE as a compensation peer

Each company listed discloses COKE in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named COKE in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

MKC McCormick & Company, IncorporatedKDP Keurig Dr Pepper Inc.HSY The Hershey CompanyTAP Molson Coors Beverage CompanyBF-B Brown-Forman CorporationTHS TreeHouse Foods, Inc.CPB Campbell Soup CompanySTZ Constellation Brands, Inc.FLO Flowers Foods, Inc. The Marzetti Company (f/k/a Lancaster Colony Corporation)MNST Monster Beverage CorporationPOST Post Holdings, Inc.HAIN The Hain Celestial Group, Inc.

Peer reciprocity

The companies Coca-Cola Consolidated names as compensation peers that name it back in their own disclosed peer groups.

Molson Coors Beverage Company (TAP)³⁴Post Holdings, Inc. (POST)³⁵

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

Rank	Company	FY	Chief executive	Salary	Stock awards	Option awards	Non-equity incentive	Total
1	Brown-Forman Corporation	2026	Lawson Whiting	$1,314,365	$10,772,703	$2,366,434	$2,493,150	$25,304,882
2	Monster Beverage Corporation	2025	Hilton Schlosberg	1,250,000	10,687,460	3,493,351	3,750,000	19,282,630
3	The Hershey Company	2025	Kirk Tanner	456,731	14,674,113	0	1,358,052	16,806,399
4	Coca-Cola Consolidated	2025	J. Frank Harrison, III	1,406,368	0	0	12,905,305	16,712,541
5	Post Holdings, Inc.	2025	Robert Vitale	1,281,250	14,811,295	0	0	16,621,445
6	Constellation Brands, Inc.	2026	William Newlands	1,449,038	10,767,749	0	1,564,382	14,209,126
7	Campbell Soup Company	2026	Mick Beekhuizen	1,233,000	8,043,563	0	1,226,610	10,965,019
8	McCormick & Company, Incorporated	2025	Brendan Foley	1,139,084	8,600,105	0	720,130	10,831,581
9	TreeHouse Foods, Inc.	2024	Steven Oakland	1,102,000	7,069,378	0	0	8,305,103
10	Keurig Dr Pepper Inc.	2025	Timothy Cofer	1,331,923	5,125,514	0	1,719,234	8,217,032
11	Flowers Foods, Inc.	2025	A. Ryals McMullian	1,041,730	5,735,842	0	733,524	7,776,698
12	The Hain Celestial Group, Inc.	2025	Wendy Davidson	789,808	3,530,682	0	0	4,546,417
13	Molson Coors Beverage Company	2025	Rahul Goyal	640,422	3,121,212	200,986	39,122	4,134,901

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

Company	Annual incentive payout	Long-term vehicle mix	PSU measures include TSR	Compensation consultant
Coca-Cola Consolidated	170%	not disclosed	No	Korn Ferry
Brown-Forman Corporation	not disclosed	PBRSU 67 · SSAR 33	not disclosed	not disclosed
Campbell Soup Company	not disclosed	PSU 60 · RSU 40	Yes — Relative TSR	FW Cook
Constellation Brands, Inc.	54%	RSU 50 · PSU 50	Yes — Relative TSR	FW Cook
Flowers Foods, Inc.	56.3%	PSU 70 · RSU 30	Yes — TSR vs. Peer Group	Meridian Compensation Partners, LLC
Keurig Dr Pepper Inc.	86%	RSU 75 · PSU 25	No	FW Cook
McCormick & Company, Incorporated	40.4%	PSU 50 · RSU 50	Yes — McCormick's TSR relative to the TSR generated by our Peer Group companies	WTW (Willis Towers Watson)
Molson Coors Beverage Company	6%	PSU 50 · RSU 25 · Options 25	Yes — Relative TSR	Compensation Consultant (independent, unnamed firm referenced generically in text)
Monster Beverage Corporation	not disclosed	PSU 50 · Option 25 · RSU 25	not disclosed	Frederic W. Cook & Co., Inc.
Post Holdings, Inc.	124.4%	PSU 50 · RSU 50	Yes — Negative three-year TSR	Aon
The Hain Celestial Group, Inc.	not disclosed	RSU 50 · PSU 50	Yes — Relative TSR versus the S&P Food & Beverage Select Industry Index	ClearBridge Compensation Group, LLC
The Hershey Company	not disclosed	PSU 65 · RSU 35	No	F.W. Cook
TreeHouse Foods, Inc.	not disclosed	RSU 50 · PSU 50	not disclosed	Pay Governance LLC

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio

Meeting year	Meeting date	For	Against	Abstain	Support	Outcome
2026	2026-05-12	234,374,546	1,288,975	109,174	99.41%	Passed
2023	2023-05-09	26,020,023	95,535	22,441	99.55%	Passed
2020	2020-05-12	49,921,584	506,479	16,099	98.96%	Passed
2017	2017-05-09	48,700,219	885,767	20,595	98.17%	Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting year	Meeting date	Approval — company’s computation
2026	2026-05-12	99.41%^a
2023	2023-05-09	99.55%^b
2020	2020-05-12	98.96%^c

a. Approved under the standard stated in the filing — “Abstentions will be counted as votes present in person or represented by proxy at the Annual Meeting and entitled to vote on these proposals and will therefore have the same effect as votes "against" these proposals, and broker non-votes will not be considered entitled to vote on these proposals and will therefore have no effect on their outcome.”.

b. Approved under the standard stated in the filing — “For Proposals 2 and 4, the advisory vote to approve Coca‑Cola Consolidated's named executive officer compensation in fiscal 2022 and the ratification of the appointment of PricewaterhouseCoopers LLP to serve as Coca‑Cola Consolidated's independent registered public accounting firm for fiscal 2023, respectively, abstentions will be counted as votes present in person or represented by proxy at the Annual Meeting and entitled to vote on these proposals and will therefore have the same effect as votes "against" these proposals, and broker non-votes will not be considered entitled to vote on these proposals and will therefore have no effect on their outcome.”.

c. Approved under the standard stated in the filing — “An abstention will be counted as a vote present in person or represented by proxy at the Annual Meeting and entitled to vote on the proposals and will have the same effect as a vote against these proposals, and a broker non-vote will not be considered entitled to vote on these proposals and will therefore have no effect on their outcome.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)	288 : 1
CEO total compensation	$16,712,541
Median employee compensation	$58,093

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (35 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

Section 01, J. Frank Harrison, III. DEF 14A, filed 2026-03-23. Section “2025 Summary Compensation Table” · page 44. As printed: 16,712,541. View filing ↗
Section 01, David Katz. DEF 14A, filed 2026-03-23. Section “2025 Summary Compensation Table” · page 44. As printed: 6,206,376. View filing ↗
Section 01, E. Beauregarde Fisher III. DEF 14A, filed 2026-03-23. Section “2025 Summary Compensation Table” · page 44. As printed: 2,872,402. View filing ↗
Section 01, Matthew Blickley. DEF 14A, filed 2026-03-23. Section “2025 Summary Compensation Table” · page 44. As printed: 1,453,130. View filing ↗
Section 01, F. Scott Anthony. DEF 14A, filed 2026-03-23. Section “2025 Summary Compensation Table” · page 44. As printed: 1,201,827. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2026-03-23. Section “CEO Pay Ratio”. As printed: 288 : 1. View filing ↗
Section 08, Umesh M. Kasbekar. DEF 14A, filed 2026-03-23. Section “Director Compensation”. As printed: 620,000. View filing ↗
Section 08, Dennis A. Wicker. DEF 14A, filed 2026-03-23. Section “Director Compensation”. As printed: 273,700. View filing ↗
Section 08, James H. Morgan. DEF 14A, filed 2026-03-23. Section “Director Compensation”. As printed: 256,200. View filing ↗
Section 08, Sharon A. Decker. DEF 14A, filed 2026-03-23. Section “Director Compensation”. As printed: 229,600. View filing ↗
Section 08, William H. Jones. DEF 14A, filed 2026-03-23. Section “Director Compensation”. As printed: 226,400. View filing ↗
Section 08, James R. Helvey III. DEF 14A, filed 2026-03-23. Section “Director Compensation”. As printed: 226,400. View filing ↗
Section 08, Richard T. Williams. DEF 14A, filed 2026-03-23. Section “Director Compensation”. As printed: 223,200. View filing ↗
Section 08, Jason D. (J.D.) Hickey. DEF 14A, filed 2026-03-23. Section “Director Compensation”. As printed: 221,600. View filing ↗
Section 08, Elaine Bowers Coventry. DEF 14A, filed 2026-03-23. Section “Director Compensation”. As printed: 220,000. View filing ↗
Section 06, 2026 vote. Form 8-K, filed 2026-05-13. Item 5.07 · say-on-pay result. As reported: 99.41% (votes for as printed: 234,374,546). View filing ↗
Section 06, 2023 vote. Form 8-K, filed 2023-05-12. Item 5.07 · say-on-pay result. As reported: 99.55% (votes for as printed: 26,020,023). View filing ↗
Section 06, 2020 vote. Form 8-K, filed 2020-05-13. Item 5.07 · say-on-pay result. As reported: 98.96%. View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
Section 09b board cost (computed). Computed. Cash 2,097,100 + equity 0 + all other 400,000 = 2,497,100, summed across the director compensation table rows.
Brown-Forman Corporation, Section 10b CEO total. DEF 14A, filed 2026-06-18. CEO total compensation as printed in Brown-Forman Corporation's own proxy. As printed: 25,304,882. View filing ↗
Monster Beverage Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Monster Beverage Corporation's own proxy. As printed: 19,282,630. View filing ↗
The Hershey Company, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in The Hershey Company's own proxy. As printed: 16,806,399. View filing ↗
Coca-Cola Consolidated (subject), Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in Coca-Cola Consolidated's own proxy. As printed: 16,712,541. View filing ↗
Post Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2025-12-15. CEO total compensation as printed in Post Holdings, Inc.'s own proxy. As printed: 16,621,445. View filing ↗
Constellation Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-06-08. CEO total compensation as printed in Constellation Brands, Inc.'s own proxy. As printed: 14,209,126. View filing ↗
Campbell Soup Company, Section 10b CEO total. DEF 14A, filed 2026-10-07. CEO total compensation as printed in Campbell Soup Company's own proxy. As printed: 10,965,019. View filing ↗
McCormick & Company, Incorporated, Section 10b CEO total. DEF 14A, filed 2026-02-18. CEO total compensation as printed in McCormick & Company, Incorporated's own proxy. As printed: 10,831,581. View filing ↗
TreeHouse Foods, Inc., Section 10b CEO total. DEF 14A, filed 2025-03-13. CEO total compensation as printed in TreeHouse Foods, Inc.'s own proxy. As printed: 8,305,103. View filing ↗
Keurig Dr Pepper Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Keurig Dr Pepper Inc.'s own proxy. As printed: 8,217,032. View filing ↗
Flowers Foods, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Flowers Foods, Inc.'s own proxy. As printed: 7,776,698. View filing ↗
The Hain Celestial Group, Inc., Section 10b CEO total. DEF 14A, filed 2025-09-18. CEO total compensation as printed in The Hain Celestial Group, Inc.'s own proxy. As printed: 4,546,417. View filing ↗
Molson Coors Beverage Company, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Molson Coors Beverage Company's own proxy. As printed: 4,134,901. View filing ↗
Section 10a, Molson Coors Beverage Company reciprocity. DEF 14A. Molson Coors Beverage Company names Coca-Cola Consolidated in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Post Holdings, Inc. reciprocity. DEF 14A. Post Holdings, Inc. names Coca-Cola Consolidated in its own disclosed peer group (read from its most recent proxy). View filing ↗