Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-30

DEL MONTE CORP (DMC)

Fiscal year 2025 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.

$10,144,565
Mohammad Abu-Ghazaleh total, FY2025
38th
CEO pay percentile vs peers
CEO-to-median pay ratio
96.34%
Say-on-pay support, latest vote
Companies that benchmark against DMC
2 companies name DMC as a compensation peer

Each company listed discloses DMC 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 DMC 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 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Mohammad Abu-Ghazaleh$1,200,068$0$4,295,978$0$4,601,700$0$46,818$10,144,565
Chairman and CEO
Mohammed Abbas850,0000764,9840732,857017,9032,365,745
EVP and COO
Monica Vicente521,4590450,6000438,26303,9981,414,321
SVP and CFO
Marissa Tenazas486,6150414,9420354,42607,9121,263,895
SVP and Chief Human Resources Officer
Danny Dumas480,0000239,9800315,000011,7001,046,680
SVP Sales, Marketing & Product Management

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Mohammad Abu-Ghazaleh$10,144,565$8,857,945$4,449,489+1,286,620
Mohammed Abbas2,365,7452,325,1641,643,728+40,581
Monica Vicente1,414,3211,383,142738,659+31,179
Marissa Tenazas1,263,895788,527+475,368
Danny Dumas1,046,680

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.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Abu-GhazalehPSU124,053$4,448,545
Abu-GhazalehPSU79,7662,860,400
Mohammed AbbasPSU21,298763,762
Abu-GhazalehRSU73,5172,636,337
Monica VicentePSU14,505520,144
Mohammed AbbasPSU13,091469,452
Mohammed AbbasRSU13,091469,452
Abu-GhazalehRSU8,392300,935
Monica VicentePSU7,711276,522
Monica VicenteRSU7,711276,522
Marissa TenazasPSU7,101254,639
Marissa TenazasRSU7,101254,639
Marissa TenazasPSU5,247188,162
Mohammed AbbasPSU4,857174,181
Mohammed AbbasPSU4,364156,497
Mohammed AbbasPSU4,361156,368
Danny DumasPSU4,107147,270
Danny DumasRSU4,107147,270
Mohammed AbbasRSU3,963142,120
Mohammed AbbasPSU3,509125,833
Mohammed AbbasPSU2,26881,341
Danny DumasPSU1,84566,174
Monica VicenteRSU1,41350,678
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is tied to our business strategy, with both quantitative and qualitative metrics, that support and drive the implementation of our five-year strategic goals. The program is designed to be weighted towards performance-based, at-risk compensation, aligning executive interests with shareholders through significant share ownership requirements and multi-year vesting periods.

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantWillis Towers Watson (WTW)
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-0441,601,4221,580,59030,18396.34%Passed
20252025-06-0539,994,0631,629,523191,58696.09%Passed
20242024-06-0639,441,9442,210,18315,78894.69%Passed
20232023-05-0440,557,6083,327,53957,49992.42%Passed
20222022-06-0242,119,9441,948,59415,02295.58%Passed
20212021-05-0441,723,7902,598,28245,15494.14%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
20262026-06-0496.34%a
20252025-06-0596.09%b
20242024-06-0694.69%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

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.

08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Michael J. BerthelotIndependent · Lead Independent Director · Audit · Compensation (Chair)$160,000$149,977$309,977
Mary Ann CloydIndependent · Audit (Chair) · Governance120,000149,977269,977
Charles Beard JrIndependent · Audit · Governance (Chair)112,500149,977262,477
Lori Tauber MarcusIndependent · Audit · Compensation · Governance112,500149,977262,477
Ajai PuriIndependent · Audit · Governance110,000149,977259,977
Ahmad Abu-GhazalehNot independent90,000149,977239,977
Mohammad Abu-GhazalehEmployee director · Board Chair0
09

Board fee structure and ownership guideline

Annual cash retainer$90,000
Annual equity retainer$150,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)37,500 / 30,000 / 25,000
Stock ownership guideline$360,000
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$705,000
Equity awards (grant-date value)$899,862
All other compensation$0
Total cost of the board$1,604,862

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

10

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.

10a

Peer reciprocity

Of the companies DEL MONTE CORP names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including DEL MONTE CORP.

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
1Brown-Forman Corporation2026Lawson Whiting$1,314,365$10,772,703$2,366,434$2,493,150$25,304,882
2The Hershey Company2025Kirk Tanner456,73114,674,11301,358,05216,806,399
3Post Holdings, Inc.2025Robert Vitale1,281,25014,811,2950016,621,445
4Lamb Weston Holdings, Inc.2026Michael Smith1,000,0005,704,5577,379,9361,830,00016,004,614
5Ingredion Incorporated2025James Zallie1,290,9296,509,2371,999,9642,185,98012,932,234
6Campbell Soup Company2025Mark Clouse664,0158,932,7300859,14011,056,404
7The J.M. Smucker Company2026Mark Smucker1,221,1546,274,43802,143,12610,935,216
8McCormick & Company, Inc.2025Brendan Foley1,139,0848,600,1050720,13010,831,581
9DEL MONTE CORP2025Mohammad Abu-Ghazaleh1,200,0684,295,97804,601,70010,144,565
10Darling Ingredients, Inc.2025Randall Stuewe1,284,2316,681,03001,328,1129,402,554
11Flowers Foods, Inc.2025A. Ryals McMullian1,041,7305,735,8420733,5247,776,698
12Hormel Foods Corporation2025James Snee1,050,0002,000,0131,999,7701,453,0007,395,224
13The Hain Celestial Group, Inc.2025Wendy Davidson789,8083,530,682004,546,417
14Mission Produce, Inc.2025Stephen Barnard825,8501,157,89101,010,8803,050,746
B&G Foods, Inc.not in coverage universe
Treehouse Foods, Inc.not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
DEL MONTE CORPnot disclosedRSU 50 · PSU 50not disclosedWillis Towers Watson (WTW)
B&G Foods, Inc.not disclosednot disclosednot disclosednot disclosed
Brown-Forman Corporationnot disclosedPSU 67 · Options 33Yes — Three-year TSRCompensation Advisory Partners
Campbell Soup Company74%PSU 60 · RSU 40Yes — TSR performanceFW Cook
Darling Ingredients, Inc.70%PSU 60 · RSU 40Yes — Total Shareholder Return (TSR)Meridian Compensation Partners, LLC
Flowers Foods, Inc.56.3%PSU 70 · RSU 30Yes — TSR vs. Peer GroupMeridian
Hormel Foods Corporation66%PSU 50 · Options 25 · RSU 25Yes — Relative TSRPearl Meyer
Ingredion Incorporated112.5%PSU 50 · RSU 25 · Options 25Yes — Relative Total Shareholder Return (rTSR)Meridian Compensation Partners, LLC
Lamb Weston Holdings, Inc.122%RSU 40 · PSU 30 · Options 30Yes — Relative TSRF.W. Cook
McCormick & Company, Inc.40.4%PSU 50 · RSU 50Yes — McCormick's TSR relative to the TSR generated by our Peer Group companiesWTW (Willis Towers Watson)
Mission Produce, Inc.not disclosedPSU 50 · RSU 50not disclosedPearl Meyer
Post Holdings, Inc.124.4%PRSU 50 · RSU 50Yes — Relative Total Shareholder Return (TSR)Aon
The Hain Celestial Group, Inc.not disclosedRSU 50 · PSU 50Yes — Relative TSR versus the S&P Food & Beverage Select Industry IndexClearBridge Compensation Group, LLC
The Hershey Company165.19%PSU 65 · RSU 35NoFrederic W. Cook & Co., Inc.
The J.M. Smucker Company117%PSU 60 · RSU 40NoSemler Brossy
Treehouse Foods, Inc.not disclosednot disclosednot disclosednot disclosed

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.

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, Mohammad Abu-GhazalehDEF 14A2026-04-240001193125-26-175837Section “Executive Compensation”. As printed: 10,144,565. Filing ↗machine: r5 · c25 · span 1802544–1802554
2Section 01, Mohammed AbbasDEF 14A2026-04-240001193125-26-175837Section “Executive Compensation”. As printed: 2,365,745. Filing ↗machine: r15 · c25 · span 1891123–1891132
3Section 01, Monica VicenteDEF 14A2026-04-240001193125-26-175837Section “Executive Compensation”. As printed: 1,414,321. Filing ↗machine: r10 · c25 · span 1846843–1846852
4Section 01, Marissa TenazasDEF 14A2026-04-240001193125-26-175837Section “Executive Compensation”. As printed: 1,263,895. Filing ↗machine: r21 · c25 · span 1943191–1943200
5Section 01, Danny DumasDEF 14A2026-04-240001193125-26-175837Section “Executive Compensation”. As printed: 1,046,680. Filing ↗machine: r25 · c25 · span 1977910–1977919
6Section 08, Michael J. BerthelotDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 309,977. Filing ↗machine: span 946799–946998
7Section 08, Mary Ann CloydDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 269,977. Filing ↗machine: span 953459–953658
8Section 08, Charles Beard JrDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 262,477. Filing ↗machine: span 940133–940332
9Section 08, Lori Tauber MarcusDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 262,477. Filing ↗machine: span 967371–967570
10Section 08, Ajai PuriDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 259,977. Filing ↗machine: span 960113–960312
11Section 08, Ahmad Abu-GhazalehDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 239,977. Filing ↗machine: span 926807–927006
12Section 08, Mohammad Abu-GhazalehDEF 14A2026-04-240001193125-26-175837Section “Director Compensation”. As printed: 0. Filing ↗
13Section 06, 2026 voteForm 8-K2026-06-040001047340-26-000028Item 5.07 · say-on-pay result. As reported: 96.34% (votes for as printed: 41,601,422). Filing ↗
14Section 06, 2025 voteForm 8-K2025-06-090001047340-25-000094Item 5.07 · say-on-pay result. As reported: 96.09% (votes for as printed: 39,994,063). Filing ↗
15Section 06, 2024 voteForm 8-K2024-06-060001047340-24-000161Item 5.07 · say-on-pay result. As reported: 94.69% (votes for as printed: 39,441,944). Filing ↗
16Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
17Section 09b board cost (computed)ComputedcomputedCash 705,000 + equity 899,862 + all other 0 = 1,604,862, summed across the director compensation table rows.machine: formula: Σ = 1,604,862
18Brown-Forman Corporation, Section 10b CEO totalDEF 14A2026-06-180001193125-26-275853CEO total compensation as printed in Brown-Forman Corporation's own proxy. As printed: 25,304,882. Filing ↗machine: t132 · r4 · c35 · span 757502–757512
19The Hershey Company, Section 10b CEO totalDEF 14A2026-03-250001628280-26-021065CEO total compensation as printed in The Hershey Company's own proxy. As printed: 16,806,399. Filing ↗machine: t70 · r3 · c16 · span 1119047–1119057
20Post Holdings, Inc., Section 10b CEO totalDEF 14A2025-12-150001530950-25-000284CEO total compensation as printed in Post Holdings, Inc.'s own proxy. As printed: 16,621,445. Filing ↗machine: r2 · c54 · span 657892–657902
21Lamb Weston Holdings, Inc., Section 10b CEO totalDEF 14A2026-07-300001679273-26-000036CEO total compensation as printed in Lamb Weston Holdings, Inc.'s own proxy. As printed: 16,004,614. Filing ↗machine: r2 · c54 · span 960382–960392
22Ingredion Incorporated, Section 10b CEO totalDEF 14A2026-04-080001046257-26-000151CEO total compensation as printed in Ingredion Incorporated's own proxy. As printed: 12,932,234. Filing ↗machine: r2 · c17 · span 1721497–1721507
23Campbell Soup Company, Section 10b CEO totalDEF 14A2025-10-080001308179-25-000618CEO total compensation as printed in Campbell Soup Company's own proxy. As printed: 11,056,404. Filing ↗machine: span 1065685–1065695
24The J.M. Smucker Company, Section 10b CEO totalDEF 14A2026-06-260001193125-26-283858CEO total compensation as printed in The J.M. Smucker Company's own proxy. As printed: 10,935,216. Filing ↗machine: t332 · r5 · c44 · span 1104985–1104995
25McCormick & Company, Inc., Section 10b CEO totalDEF 14A2026-02-180000063754-26-000140CEO total compensation as printed in McCormick & Company, Inc.'s own proxy. As printed: 10,831,581. Filing ↗machine: r2 · c24 · span 970218–970228
26DEL MONTE CORP (subject), Section 10b CEO totalDEF 14A2026-04-240001193125-26-175837CEO total compensation as printed in DEL MONTE CORP's own proxy. As printed: 10,144,565. Filing ↗machine: r5 · c25 · span 1802544–1802554
27Darling Ingredients, Inc., Section 10b CEO totalDEF 14A2026-03-190001193125-26-116042CEO total compensation as printed in Darling Ingredients, Inc.'s own proxy. As printed: 9,402,554. Filing ↗machine: t222 · r3 · c27 · span 972629–972638
28Flowers Foods, Inc., Section 10b CEO totalDEF 14A2026-04-140001104659-26-043025CEO total compensation as printed in Flowers Foods, Inc.'s own proxy. As printed: 7,776,698. Filing ↗machine: r1 · c48 · span 1362376–1362385
29Hormel Foods Corporation, Section 10b CEO totalDEF 14A2025-12-170000048465-25-000074CEO total compensation as printed in Hormel Foods Corporation's own proxy. As printed: 7,395,224. Filing ↗machine: r5 · c27 · span 586269–586278
30The Hain Celestial Group, Inc., Section 10b CEO totalDEF 14A2025-09-180001193125-25-207370CEO total compensation as printed in The Hain Celestial Group, Inc.'s own proxy. As printed: 4,546,417. Filing ↗machine: t83 · r14 · c38 · span 1813238–1813247
31Mission Produce, Inc., Section 10b CEO totalDEF 14A2026-02-240001140361-26-006551CEO total compensation as printed in Mission Produce, Inc.'s own proxy. As printed: 3,050,746. Filing ↗machine: r2 · c22 · span 881187–881196
32Section 10a, The Hershey Company reciprocityDEF 14A0001628280-26-021065The Hershey Company's most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
33Section 10a, Flowers Foods, Inc. reciprocityDEF 14A0001104659-24-045106Flowers Foods, Inc.'s most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
34Section 10a, Lamb Weston Holdings, Inc. reciprocityDEF 14A0001679273-26-000036Lamb Weston Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
35Section 10a, Brown-Forman Corporation reciprocityDEF 14A0001193125-26-275853Brown-Forman Corporation's most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
36Section 10a, Campbell Soup Company reciprocityDEF 14A0001308179-25-000618Campbell Soup Company's most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
37Section 10a, The Hain Celestial Group, Inc. reciprocityDEF 14A0001193125-25-207370The Hain Celestial Group, Inc.'s most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
38Section 10a, McCormick & Company, Inc. reciprocityDEF 14A0000063754-26-000140McCormick & Company, Inc.'s most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
39Section 10a, Mission Produce, Inc. reciprocityDEF 14A0001140361-26-006551Mission Produce, Inc.'s most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
40Section 10a, Hormel Foods Corporation reciprocityDEF 14A0000048465-25-000074Hormel Foods Corporation's most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
41Section 10a, Post Holdings, Inc. reciprocityDEF 14A0001530950-25-000284Post Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗
42Section 10a, The J.M. Smucker Company reciprocityDEF 14A0001193125-26-283858The J.M. Smucker Company's most recent proxy was read; its disclosed peer group does not include DEL MONTE CORP. Filing ↗