Velarion · Company Intelligence
Compensation Brief
Fiscal year 2022 · Filings through 2025-04-28

Calavo Growers (CVGW)

CEO Brian Kocher was paid $3,076,429 in fiscal year 2022: executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$3,076,429
Brian Kocher total, FY2022
—
CEO pay percentile vs peers
208:1
CEO-to-median pay ratio
98.71%
Say-on-pay support, latest vote

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Companies that benchmark against CVGW
5 companies name CVGW as a compensation peer

Each company listed discloses CVGW 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 CVGW in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2022

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Brian Kocher$584,616$300,000$2,100,000$0$0$0$91,813$3,076,429
Chief Executive Officer
Ronald Araiza430,00055,040172,00000024,253681,293
Former Executive Vice President, Foods Sales
Graciela Montgomery350,00056,000140,00000028,914574,914
Chief Human Resources Officer
Shawn Munsell143,65441,500350,0000008,038543,192
Chief Financial Officer
Robert Wedin430,00077,400000027,577534,977
Former Executive Vice President, Fresh Sales
Helen Kurtz81,03915,000300,0000004,166400,205
Senior Vice President and General Manager of Calavo Prepared
Danny Dumas119,71127,667150,0000006,496303,874
Senior Vice President and General Manager of Calavo Grown
Mariela Matute219,1230000010,808229,931
Former Chief Financial Officer
Steven Hollister150,000000000150,000
Former Interim Chief Executive 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 officerFY2022 totalFY2021 totalFY2020 totalΔ FY2021→2022
Brian Kocher$3,076,429———
Ronald Araiza681,293506,660546,325+174,633
Graciela Montgomery574,914———
Shawn Munsell543,192———
Robert Wedin534,977523,680556,940+11,297
Helen Kurtz400,205———
Danny Dumas303,874———
Mariela Matute229,931418,952—−189,021
Steven Hollister150,000323,882—−173,882

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

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2022

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Shawn MunsellRSU2022-06-20——9,002—$350,000
Helen Kurtz Sen.RSU2022-08-16——6,778—300,000
Ronald AraizaPSU2022-04-011,1472,294—4,58886,000
Brian KocherPSU2022-04-015,33510,670—21,340400,000
Danny Dumas Sen.RSU2022-07-11——3,533—150,000
Graciela MontgomeryPSU2022-04-019341,867—3,73470,000
Brian KocherRSU2022-02-01——28,993—1,200,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Shawn Munsell$350,000$0$00.0%
Helen Kurtz Sen.300,000000.0%
Ronald Araiza086,0000100.0%
Brian Kocher1,200,000400,000025.0%
Danny Dumas Sen.150,000000.0%
Graciela Montgomery070,0000100.0%

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

04

Outstanding equity awards at fiscal year-end 2022

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Steven HollisterRSU2,814—$97,336
Brian KocherRSU39,663—1,371,943
Brian KocherPSU10,670—369,075
Shawn MunsellRSU9,002—311,379
Helen KurtzRSU6,778—234,451
Danny DumasRSU3,533—122,206
Graciela MontgomeryRSU1,867—64,580
Graciela MontgomeryPSU1,867—64,580
Steven HollisterOption2,50039.2—
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee's primary objectives are to attract, motivate, and retain talented executive officers; tie annual and long-term cash and stock incentives to achievement of measurable corporate and individual performance objectives; and reinforce business strategies for enhanced shareholder value. The program emphasizes variable 'at-risk' compensation and aligns incentives with financial and operational performance.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantKorn Ferry
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-04-2311,187,620145,71329,43498.71%Passed
20242024-04-2411,825,514410,353514,81796.65%Passed
20232023-04-2613,148,203640,96018,53795.35%Passed
20222022-04-2712,273,269502,61851,28696.07%Passed
20212021-04-2112,585,828824,85532,87993.85%Passed
20202020-04-2212,430,112410,01462,90096.81%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 yearMeeting dateApproval — company's computation
20252025-04-2398.71%a
20242024-04-2496.65%b
20232023-04-2695.35%c

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “This is generally referred to as a "broker non-vote." ​ Broker non-votes and abstentions will not affect the outcome of any of the proposals to be voted upon.”.

c. Approved under the standard stated in the filing — “This is generally referred to as a "broker non-vote." ​ Broker non-votes and abstentions will not affect the outcome of any of the proposals to be voted upon.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)208 : 1
CEO total compensation—
Median employee compensation$15,489
08

Director compensation — fiscal year 2022

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Adriana MendizabalIndependent · Nominating/ESG (Chair) · Audit · Nominating, Corporate Governance and ESG Committee (Chair) · Newly elected$72,917$119,989$90,000——$282,906
Farha AslamIndependent · Compensation Committee80,500182,5840——263,084
Steven HollisterIndependent · Board Chair · Executive · Board Chairman103,000119,9890——222,989
Kathleen M. HolmgrenIndependent · Lead Independent Director · Compensation (Chair) · Executive Committee · Lead Independent Director · Audit Committee101,750119,9890——221,739
Michael A. DiGregorioIndependent · Audit · Executive Committee94,500119,9890——214,489
James HelinIndependent · Compensation · Nominating/ESG · Executive Committee86,750119,9890——206,739
Marc BrownIndependent · Nominating, Corporate Governance and ESG Committee · Audit85,000119,9890——204,989
J. Link LeavensNot independent · Executive84,000119,9890——203,989
John M. HuntIndependent · Nominating, Corporate Governance and ESG Committee · Compensation Committee · Not standing for re-election83,000119,9890——202,989
Donald M. SandersIndependent · Executive Committee · Not standing for re-election74,000119,9890——193,989
Harold EdwardsIndependent · Departed during FY18,50000——18,500
Scott Van Der KarIndependent · Departed during FY12,33300——12,333
Brian KocherEmployee director · Newly elected—————0
09

Board fee structure and ownership guideline

Annual cash retainer$70,000
Annual equity retainer$120,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)15,000 / 12,000 / 10,000
Stock ownership guideline$320,000
09b

Total cost of the board

ComponentFY2022
Cash retainers and fees$896,250
Equity awards (grant-date value)$1,262,485
All other compensation$0
Total cost of the board$2,158,735

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

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Calavo Growers2022Brian Kocher$584,616$2,100,000$0$0$3,076,429

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.

FAQ

Frequently asked questions

Who was the highest-paid executive at Calavo Growers in fiscal 2022?
Brian Kocher, the Chief Executive Officer, was the highest-paid executive at Calavo Growers in fiscal 2022 with total compensation of $3,076,429.
How does Calavo Growers's chief executive pay compare to its disclosed peer group?
The filing shows that the CEO pay percentile of disclosed peers is not disclosed in this filing.
What is Calavo Growers's CEO-to-median employee pay ratio?
As disclosed, the CEO-to-median employee pay ratio was 208:1.
How did shareholders vote on Calavo Growers's executive compensation?
Shareholders voted in support of executive compensation with a 98.71% approval rate.
How much does Calavo Growers spend in total on board compensation for fiscal 2022?
The company reported total board compensation of $2,158,735 for fiscal 2022.

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Brian KocherDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation”. As printed: 3,076,429. Filing ↗machine: r2 · c20 · span 788237–788246
2Section 01, Ronald AraizaDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation”. As printed: 681,293. Filing ↗machine: r19 · c20 · span 872511–872518
3Section 01, Graciela MontgomeryDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation”. As printed: 574,914. Filing ↗machine: r13 · c20 · span 843258–843265
4Section 01, Shawn MunsellDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation”. As printed: 543,192. Filing ↗machine: r5 · c20 · span 803588–803595
5Section 01, Robert WedinDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation”. As printed: 534,977. Filing ↗machine: r16 · c19 · span 858412–858419
6Section 01, Helen KurtzDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation”. As printed: 400,205. Filing ↗machine: r24 · c20 · span 897009–897016
7Section 01, Danny DumasDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation”. As printed: 303,874. Filing ↗machine: r22 · c20 · span 887044–887051
8Section 01, Mariela MatuteDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation”. As printed: 229,931. Filing ↗machine: r10 · c20 · span 828686–828693
9Section 01, Steven HollisterDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation”. As printed: 150,000. Filing ↗machine: r7 · c22 · span 810120–810127
10Section 03, Shawn Munsell RSUDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
11Section 03, Helen Kurtz Sen. RSUDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
12Section 03, Ronald Araiza PSUDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 597745–597751
13Section 03, Brian Kocher PSUDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
14Section 03, Danny Dumas Sen. RSUDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
15Section 03, Graciela Montgomery PSUDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
16Section 03, Brian Kocher RSUDEF 14A2023-02-280001558370-23-002314Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
17Section 07, pay ratioDEF 14A2023-02-280001558370-23-002314Section “CEO Pay Ratio”. As printed: 208 : 1. Filing ↗machine: span 1301314–1301317
18Section 08, Adriana MendizabalDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 282,906. Filing ↗machine: span 252552–252678
19Section 08, Farha AslamDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 263,084. Filing ↗machine: span 277082–277208
20Section 08, Steven HollisterDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 222,989. Filing ↗machine: span 262351–262477
21Section 08, Kathleen M. HolmgrenDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 221,739. Filing ↗machine: span 264948–265074
22Section 08, Michael A. DiGregorioDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 214,489. Filing ↗machine: span 255143–255269
23Section 08, James HelinDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 206,739. Filing ↗machine: span 260002–260128
24Section 08, Marc BrownDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 204,989. Filing ↗machine: span 250200–250326
25Section 08, J. Link LeavensDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 203,989. Filing ↗machine: span 269822–269948
26Section 08, John M. HuntDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 202,989. Filing ↗machine: span 267289–267415
27Section 08, Donald M. SandersDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 193,989. Filing ↗machine: span 272162–272288
28Section 08, Harold EdwardsDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 18,500. Filing ↗machine: span 255925–256050
29Section 08, Scott Van Der KarDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 12,333. Filing ↗machine: span 273023–273148
30Section 08, Brian KocherDEF 14A2023-02-280001558370-23-002314Section “Director Compensation”. As printed: 0. Filing ↗
31Section 06, 2025 voteForm 8-K2025-04-280001104659-25-040249Item 5.07 · say-on-pay result. As reported: 98.71% (votes for as printed: 11,187,620). Filing ↗
32Section 06, 2024 voteForm 8-K2024-04-260001558370-24-005899Item 5.07 · say-on-pay result. As reported: 96.65% (votes for as printed: 11,825,514). Filing ↗
33Section 06, 2023 voteForm 8-K2023-04-280001558370-23-007253Item 5.07 · say-on-pay result. As reported: 95.35% (votes for as printed: 13,148,203). Filing ↗
34Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
35Section 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).machine: formula: sums + PSU ratio
36Section 09b board cost (computed)Computed——Cash 896,250 + equity 1,262,485 + all other 0 = 2,158,735, summed across the director compensation table rows.machine: formula: Σ = 2,158,735
37Calavo Growers (subject), Section 10b CEO totalDEF 14A2023-02-280001558370-23-002314CEO total compensation as printed in Calavo Growers's own proxy. As printed: 3,076,429. Filing ↗machine: r2 · c20 · span 788237–788246

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