Companies Seaboard Corp /DE/
Seaboard Corp /DE/ (SEB): executive pay, fiscal 2025
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CEO pay, last three years
- $5,678,799FY2023
- $6,183,621FY2024
- $7,003,834FY2025
CEO total pay was $7,003,834 in fiscal 2025, up from $6,183,621 in fiscal 2024.
FY2025: salary $1,179,000 · bonus $3,500,000
Executives and directors
Frequently asked questions
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 |
|---|---|---|---|---|---|---|---|---|
| Robert Steer | $1,179,000 | $3,500,000 | — | — | — | $2,052,795 | $272,039 | $7,003,834 |
| President, Chief Executive Officer | ||||||||
| Edward Gonzalez | 670,000 | 2,100,000 | 0 | 0 | 0 | 173,580 | 166,132 | 3,109,712 |
| President, Seaboard Marine Ltd. | ||||||||
| David Rankin | 556,000 | 700,000 | 0 | 0 | 0 | 513,805 | 107,579 | 1,877,384 |
| Executive Vice President, Chief Financial Officer | ||||||||
| Jacob Bresky | 491,000 | 1,000,000 | 0 | 0 | 0 | 0 | 113,362 | 1,604,362 |
| President, Seaboard Overseas Trading Group | ||||||||
| Chad Groves | 525,000 | 945,000 | 0 | 0 | 0 | 0 | 119,077 | 1,589,077 |
| President, Seaboard Foods LLC | ||||||||
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 |
|---|---|---|---|---|
| Robert Steer | $7,003,834 | $6,183,621 | $5,678,799 | ↑ +820,213 |
| Edward Gonzalez | 3,109,712 | 2,637,590 | 2,812,754 | ↑ +472,122 |
| David Rankin | 1,877,384 | 1,551,274 | 1,294,183 | ↑ +326,110 |
| Jacob Bresky | 1,604,362 | 1,488,777 | 1,357,097 | ↑ +115,585 |
| Chad Groves | 1,589,077 | — | — | — |
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
Seaboard maintains the philosophy that the compensation for its executive officers should reflect that these officers are responsible for implementing Seaboard’s long-term strategic objectives. The compensation of the executive officers is designed to ensure that Seaboard maintains its ability to attract and retain superior employees in key positions, and that compensation provided to key employees remains competitive relative to compensation paid to similarly situated executives of our peer companies.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | false |
| Anti-pledging | false |
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 |
|---|---|---|---|---|---|---|
| Ellen S. BreskyNot independent · Board Chair | $150,000 | — | — | — | $115,021 | $265,021 |
| Douglas W. BaenaIndependent · Audit (Chair) | 130,000 | — | — | — | 0 | 130,000 |
| Frances B. ShifmanIndependent · Audit | 90,000 | — | — | — | 0 | 90,000 |
| David A. AdamsenIndependent · Audit | 90,000 | — | — | — | 0 | 90,000 |
| Paul M. SquiresIndependent | 80,000 | — | — | — | 0 | 80,000 |
Board fee structure and ownership guideline
| Annual cash retainer | $80,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 40,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $540,000 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $115,021 |
| Total cost of the board | $655,021 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Seaboard Corp /DE/ as a peer
Companies that benchmark against SEB
2 companies name SEB as a compensation peer
The list of companies that name SEB as a peer is temporarily unavailable — recheck shortly.
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 | Seaboard Corp /DE/ | 2025 | Robert Steer | $1,179,000 | — | — | — | $7,003,834 |
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.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-20 | 832,490 | 66,062 | 2,510 | 92.65% | Passed |
| 2023 | 2023-04-24 | 1,055,630 | 57,170 | 933 | 94.78% | Passed |
| 2020 | 2020-04-27 | 1,107,313 | 5,062 | 3,102 | 99.54% | Passed |
| 2017 | 2017-04-24 | 1,119,950 | 4,758 | 1,076 | 99.58% | 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 | 2026-04-20 | 92.65%a |
| 2023 | 2023-04-24 | 94.78%b |
| 2020 | 2020-04-27 | 99.54%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “An abstention will count as a vote cast and will therefore have the same effect as a vote against this proposal.”.
c. Voting standard not stated in the filing.
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.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (16 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, Robert Steer. DEF 14A, filed 2026-03-06. Section “Executive Compensation”. As printed: 7,003,834. View filing ↗
- Section 01, Edward Gonzalez. DEF 14A, filed 2026-03-06. Section “Executive Compensation”. As printed: 3,109,712. View filing ↗
- Section 01, David Rankin. DEF 14A, filed 2026-03-06. Section “Executive Compensation”. As printed: 1,877,384. View filing ↗
- Section 01, Jacob Bresky. DEF 14A, filed 2026-03-06. Section “Executive Compensation”. As printed: 1,604,362. View filing ↗
- Section 01, Chad Groves. DEF 14A, filed 2026-03-06. Section “Executive Compensation”. As printed: 1,589,077. View filing ↗
- Section 08, Ellen S. Bresky. DEF 14A, filed 2026-03-06. Section “Director Compensation”. As printed: 265,021. View filing ↗
- Section 08, Douglas W. Baena. DEF 14A, filed 2026-03-06. Section “Director Compensation”. As printed: 130,000. View filing ↗
- Section 08, Frances B. Shifman. DEF 14A, filed 2026-03-06. Section “Director Compensation”. As printed: 90,000. View filing ↗
- Section 08, David A. Adamsen. DEF 14A, filed 2026-03-06. Section “Director Compensation”. As printed: 90,000. View filing ↗
- Section 08, Paul M. Squires. DEF 14A, filed 2026-03-06. Section “Director Compensation”. As printed: 80,000. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-04-22. Item 5.07 · say-on-pay result. As reported: 92.65% (votes for as printed: 832,490). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-04-27. Item 5.07 · say-on-pay result. As reported: 94.78% (votes for as printed: 1,055,630). View filing ↗
- Section 06, 2020 vote. Form 8-K, filed 2020-04-28. Item 5.07 · say-on-pay result. As reported: 99.54% (votes for as printed: 1,107,313). 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 540,000 + equity 0 + all other 115,021 = 655,021, summed across the director compensation table rows.
- Seaboard Corp /DE/ (subject), Section 10b CEO total. DEF 14A, filed 2026-03-06. CEO total compensation as printed in Seaboard Corp /DE/'s own proxy. As printed: 7,003,834. View filing ↗