Companies Pilgrims Pride

Pilgrims Pride (PPC): executive pay, fiscal 2025

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CEO total pay$16,408,520CEO Fabio Sandri · source

Say-on-pay support99.55%Latest vote · source

CEO vs. named peers50th pct.Against its disclosed peer group

CEO pay ratio468:1To the median employee · source

CEO pay, last three years

$2,577,965FY2023
$3,942,031FY2024
$16,408,520FY2025

CEO total pay was $16,408,520 in fiscal 2025, up from $3,942,031 in fiscal 2024.

FY2025: salary $1,000,000 · bonus $0 · stock awards $13,437,807 · option awards $0

Executives and directors

Fabio Sandri · CEO Matthew Galvanoni · CFO Ajay Menon · Director Andre Nogueira de Souza · Director Arquimedes A. Celis · Independent Director Farha Aslam · Independent Director Gilberto Tomazoni · Chair of the Board Joanita Karoleski · Independent Director Raul Padilla · Independent Director Wallim Cruz de Vasconcellos Junior · Independent Director Wesley Mendonça Batista · Director

Frequently asked questions

Who was the highest-paid executive at Pilgrims Pride in fiscal 2025?

As disclosed, Fabio Sandri (President and CEO) was the highest-paid executive at Pilgrims Pride in fiscal 2025, with total compensation of $16,408,520.

How does Pilgrims Pride's chief executive pay compare to its disclosed peer group?

As disclosed, Fabio Sandri's total compensation ranked at the 50th percentile of Pilgrims Pride's disclosed peer group.

What is Pilgrims Pride's CEO-to-median employee pay ratio?

As disclosed, Pilgrims Pride's CEO-to-median employee pay ratio was 468:1.

How did shareholders vote on Pilgrims Pride's executive compensation?

As disclosed, 99.55% of shareholders supported Pilgrims Pride's executive compensation in the latest say-on-pay vote.

How much does Pilgrims Pride spend in total on board compensation for fiscal 2025?

As disclosed, Pilgrims Pride reported total board compensation of $1,893,333 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
Fabio Sandri	$1,000,000	$0	$13,437,807	$0	$1,948,960	$0	$21,753	$16,408,520
President and CEO
Matthew Galvanoni	550,000	0	2,812,457	0	1,075,041	0	15,514	4,453,012
CFO

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
Fabio Sandri	$16,408,520	$3,942,031	$2,577,965	↑ +12,466,489
Matthew Galvanoni	4,453,012	2,081,877	1,167,761	↑ +2,371,135

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 compensation principles are intended to align the long-term interests of executives with those of stockholders, attract and retain key leaders, and reward sustained financial and operating performance. A significant portion of total compensation is performance-based and 'at risk,' balancing short-term and long-term incentives through cash bonuses and equity awards.

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

Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

Executive	Award	Grant date	Threshold	Target	Granted	Maximum	Grant-date fair value
Matthew Galvanoni	PSU	2025-03-14	5,320	10,640	—	21,280	$527,957
Fabio Sandri	RSU	2025-03-07	—	—	18,308	—	999,983
Fabio Sandri	PSU	2024-08-14	62,500	250,000	—	375,000	11,422,500
Fabio Sandri	PSU	2025-03-14	10,231	20,462	—	40,924	1,015,324
Matthew Galvanoni	PSU	2024-08-14	12,500	50,000	—	75,000	2,284,500

Vehicle mix — grant-date fair value by award type

Named executive officer	Time-vested (RSU)	Performance-vested (PSU)	Options / SARs	% performance-vested
Matthew Galvanoni	$0	$2,812,457	$0	100.0%
Fabio Sandri	999,983	12,437,824	0	92.6%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

Executive	Award	Shares unvested	Exercise price	Market value unvested
Matthew Galvanoni	RSU	60,111	—	$2,393,580
Matthew Galvanoni	PSU	77,549	—	3,087,988
Fabio Sandri	RSU	186,740	—	7,435,967
Fabio Sandri	PSU	330,739	—	13,170,027

Director compensation

Director	Cash fees	Stock awards	Option awards	Non-equity incentive	All other	Total
Farha AslamIndependent · Audit	$165,000	$60,000	—	—	—	$225,000
Andre Nogueira de SouzaNominating	160,000	60,000	—	—	—	220,000
Arquimedes A. CelisIndependent · Audit · Compensation · Nominating	160,000	60,000	—	—	—	220,000
Gilberto TomazoniBoard Chair · Compensation (Chair) · Nominating	155,000	60,000	—	—	—	215,000
Wallim Cruz de Vasconcellos JuniorIndependent · Audit (Chair) · Nominating	155,000	60,000	—	—	—	215,000
Ajay MenonSustainability	150,000	60,000	—	—	—	210,000
Raul PadillaIndependent	140,000	60,000	—	—	—	200,000
Wesley Mendonça BatistaNot independent · Compensation · JBS Nominating · Sustainability	140,000	60,000	—	—	—	200,000
Joanita KaroleskiIndependent · Sustainability	128,333	60,000	—	—	—	188,333
Wesley Mendonça Batista FilhoNot independent · Sustainability · Newly elected	—	—	—	—	—	—

Board fee structure and ownership guideline

Annual cash retainer	$140,000
Annual equity retainer	$60,000
Per board meeting fee	—
Committee chair fees (audit / comp / nom-gov)	15,000 / 15,000
Stock ownership guideline	compliance with applicable Company policies, including those relating to insider trading, pledging or hedging transactions, minimum post-vesting holding periods and stock ownership guidelines.

Total cost of the board

Component	FY2025
Cash retainers and fees	$1,353,333
Equity awards (grant-date value)	$540,000
All other compensation	$0
Total cost of the board	$1,893,333

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

Peer group, and who names Pilgrims Pride as a peer

Companies that benchmark against PPC

4 companies name PPC as a compensation peer

The list of companies that name PPC 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	Pilgrims Pride	2025	Fabio Sandri	$1,000,000	$13,437,807	$0	$1,948,960	$16,408,520

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	2026-04-29	227,280,964	1,012,847	23,854	99.55%	Passed
2025	2025-04-30	217,528,144	11,277,057	210,033	94.98%	Passed
2023	2023-04-26	226,209,632	1,160,003	32,003	99.48%	Passed
2022	2022-04-27	225,697,507	1,471,601	76,598	99.32%	Passed
2021	2021-04-28	227,202,266	2,958,453	162,075	98.65%	Passed
2020	2020-04-29	211,631,225	26,233,345	71,444	88.94%	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	2026-04-29	99.55%^a
2025	2025-04-30	94.98%^b
2023	2023-04-26	99.48%^c

a. Approved under the standard stated in the filing — “However, stockholders may abstain from Proposals 3, 4, 5 and 6, and an abstention will have the same effect as a vote against any of these proposals.”.

b. Approved under the standard stated in the filing — “However, stockholders may abstain from Proposals 3, 4 and 5, and an abstention will have the same effect as a vote against any of these proposals.”.

c. Approved under the standard stated in the filing — “However, stockholders may abstain from Proposals 3 and 4, and an abstention will have the same effect as a vote against any of these proposals.”.

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)	468 : 1
CEO total compensation	$16,408,520
Median employee compensation	$35,073

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (25 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, Fabio Sandri. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · page 31. As printed: 16,408,520. View filing ↗
Section 01, Matthew Galvanoni. DEF 14A, filed 2026-04-02. Section “Executive Compensation”. As printed: 4,453,012. View filing ↗
Section 03, Matthew Galvanoni PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Fabio Sandri RSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Fabio Sandri PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Fabio Sandri PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Matthew Galvanoni PSU. DEF 14A, filed 2026-04-02. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2026-04-02. Section “CEO Pay Ratio”. As printed: 468 : 1. View filing ↗
Section 08, Farha Aslam. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 225,000. View filing ↗
Section 08, Andre Nogueira de Souza. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 220,000. View filing ↗
Section 08, Arquimedes A. Celis. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 220,000. View filing ↗
Section 08, Gilberto Tomazoni. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 215,000. View filing ↗
Section 08, Wallim Cruz de Vasconcellos Junior. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 215,000. View filing ↗
Section 08, Ajay Menon. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 210,000. View filing ↗
Section 08, Raul Padilla. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 200,000. View filing ↗
Section 08, Wesley Mendonça Batista. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 200,000. View filing ↗
Section 08, Joanita Karoleski. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: 188,333. View filing ↗
Section 08, Wesley Mendonça Batista Filho. DEF 14A, filed 2026-04-02. Section “Director Compensation”. As printed: —. View filing ↗
Section 06, 2026 vote. Form 8-K, filed 2026-05-01. Item 5.07 · say-on-pay result. As reported: 99.55% (votes for as printed: 227,280,964). View filing ↗
Section 06, 2025 vote. Form 8-K, filed 2025-05-01. Item 5.07 · say-on-pay result. As reported: 94.98% (votes for as printed: 217,528,144). View filing ↗
Section 06, 2023 vote. Form 8-K, filed 2023-05-02. Item 5.07 · say-on-pay result. As reported: 99.48% (votes for as printed: 226,209,632). View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
Section 09b board cost (computed). Computed. Cash 1,353,333 + equity 540,000 + all other 0 = 1,893,333, summed across the director compensation table rows.
Pilgrims Pride (subject), Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Pilgrims Pride's own proxy. As printed: 16,408,520. View filing ↗