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Companies Limoneira Co

Limoneira (LMNR): executive pay, fiscal 2025

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CEO total pay$1,277,951CEO Harold Edwards · source
Say-on-pay support75.69%Latest vote · source
CEO vs. named peers17th pct.Of 14 peer CEOs
CEO pay ratio24:1To the median employee · source

CEO pay, last three years

  • $3,653,352FY2023
  • $2,498,908FY2024
  • $1,277,951FY2025

CEO total pay was $1,277,951 in fiscal 2025, down from $2,498,908 in fiscal 2024.

FY2025: salary $719,250 · bonus $0 · stock awards $499,997 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Limoneira Co in fiscal 2025?
As disclosed, Harold Edwards (President & Chief Executive Officer) was the highest-paid executive at Limoneira Co in fiscal 2025, with total compensation of $1,277,951.
How does Limoneira Co's chief executive pay compare to its disclosed peer group?
As disclosed, Harold Edwards's total compensation ranked at the 17th percentile of Limoneira Co's disclosed peer group.
What is Limoneira Co's CEO-to-median employee pay ratio?
As disclosed, Limoneira Co's CEO-to-median employee pay ratio was 24:1.
How did shareholders vote on Limoneira Co's executive compensation?
As disclosed, 75.69% of shareholders supported Limoneira Co's executive compensation in the latest say-on-pay vote.
How much does Limoneira Co spend in total on board compensation for fiscal 2025?
As disclosed, Limoneira Co reported total board compensation of $1,054,000 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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Harold Edwards$719,250$0$499,997$0$0$0$58,704$1,277,951
President & Chief Executive Officer
Mark Palamountain450,0000250,01100042,794742,805
Executive Vice President, Chief Financial Officer & Treasurer

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 FY2024→2025
Harold Edwards$1,277,951$2,498,908$3,653,352↓ −1,220,957
Mark Palamountain742,8051,482,8222,160,670↓ −740,017

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 compensation policies developed by the Compensation Committee are based on the philosophy that compensation should reflect both the Company's performance, financially and operationally, the success of the Company in executing against our strategic roadmap, and individual performance.

CEO STI target (% of salary)75%
CEO LTI target (% of salary)—
Independent consultantPearl Meyer
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Harold EdwardsPSU2024-11-019,78919,577—39,154$500,000
Mark PalamountainPSU2024-11-014,8949,789—19,577250,000
Mark Palamountain—2024-11-01——9,789—250,000
Harold Edwards—2024-11-01——19,577—500,000

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Harold Edwards$0$500,000$0100.0%
Mark Palamountain0250,0000100.0%

% 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

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Mark PalamountainPSU5,000—$70,650
Mark PalamountainRSU5,000—131,500
Harold EdwardsPSU10,000—141,300
Harold EdwardsRSU10,000—263,000
Mark PalamountainPSU20,254—286,189
Mark PalamountainRSU33,998—677,576
Harold EdwardsPSU39,152—553,218
Harold EdwardsRSU59,195—1,171,818
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Scott S. SlaterIndependent · Board Chair · Compensation · Nominating & Corporate Governance$135,000$85,000$0$0$0$220,000
Elizabeth MoraIndependent · Compensation (Chair) · Nominating & Corporate Governance (Chair)90,00085,000000175,000
Barbara CarboneIndependent · Audit & Finance (Chair) · Compensation87,50085,000000172,500
Edgar A. TerryIndependent · Nominating & Corporate Governance · Risk Management (Chair)79,50085,000000164,500
Peter J. NolanIndependent · Audit & Finance · Risk Management76,00085,000000161,000
Gordon E. KimballIndependent · Audit & Finance76,00085,000000161,000
Harold S. EdwardsEmployee director000—00

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$85,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guidelineGuidelines will not be counted toward meeting the Ownership Requirement. In addition, establishing any new 10b5-1 plans will not be permitted until the Covered Executive or Director has achieved the Ownership Requirement.

Total cost of the board

ComponentFY2025
Cash retainers and fees$544,000
Equity awards (grant-date value)$510,000
All other compensation$0
Total cost of the board$1,054,000

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

Peer group, and who names Limoneira as a peer

Companies that benchmark against LMNR

6 companies name LMNR as a compensation peer

The list of companies that name LMNR as a peer is temporarily unavailable — recheck shortly.

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.

Peer reciprocity

The companies Limoneira Co names as compensation peers that name it back in their own disclosed peer groups.

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
1Village Farms International, Inc.2025Michael DeGiglio$1,078,403$103,935$0$0$3,783,169
2Vital Farms, Inc.2025Russell Diez-Canseco749,8082,149,975—697,5003,616,512
3Lifeway Foods, Inc.2025Julie Smolyansky1,000,000750,00001,600,0003,389,132
4Mission Produce, Inc.2025Stephen Barnard825,8501,157,89101,010,8803,050,746
5Tejon Ranch Co.2025Matthew Walker513,3931,441,6790396,4632,355,829
6Farmer Bros. Co.2024John Moore III346,5381,499,296001,945,920
7The St. Joe Company2025Jorge Gonzalez611,673308,143001,857,798
8Benson Hill, Inc.2023Adrienne Elsner277,1151,034,9400335,6511,733,346
9Alico, Inc.2025John Kiernan544,529468,1800238,8561,385,168
10Maui Land & Pineapple Company, Inc.2025Race Randle551,250826,8760—1,378,306
11Limoneira Co2025Harold Edwards719,250499,997001,277,951
12Cadiz, Inc.2025Susan Kennedy400,000645,625001,057,625
13Calavo Growers, Inc.2024Lecil Cole66,16000077,760
—Bridgford Foods Corporation——————not in coverage universe
—The Duckhorn Portfolio, 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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Limoneira Conot disclosedPSU 50 · RSU 50NoPearl Meyer
Alico, Inc.not disclosednot disclosedNoSemler Brossy Consulting Group, LLC
Benson Hill, Inc.not disclosednot disclosednot disclosedAon Consulting Inc.
Bridgford Foods Corporationnot disclosednot disclosednot disclosednot disclosed
Cadiz, Inc.not disclosedRSU 100not disclosedCoda Advisors
Calavo Growers, Inc.not disclosednot disclosednot disclosedPay Governance LLC
Farmer Bros. Co.not disclosedRSU 50 · PBRSU 50not disclosedMeridian Compensation Partners, LLC
Lifeway Foods, Inc.not disclosedPSU 66.67 · RSU 33.33not disclosedAon
Maui Land & Pineapple Company, Inc.not disclosedRSU 100not disclosedFerguson Partners Consulting
Mission Produce, Inc.not disclosedPSU 50 · RSU 50not disclosedPearl Meyer
Tejon Ranch Co.62%not disclosedNoSemler Brossy
The Duckhorn Portfolio, Inc.not disclosednot disclosednot disclosednot disclosed
The St. Joe Companynot disclosedRSU 100not disclosednot disclosed
Village Farms International, Inc.not disclosedRestricted Shares 90 · Performance Restricted Shares 10not disclosednot disclosed
Vital Farms, Inc.not disclosednot disclosednot disclosedFW Cook

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 yearMeeting dateForAgainstAbstainSupportOutcome
20262026-03-258,401,1532,176,064521,84775.69%Passed
20252025-04-096,728,6574,440,800169,51359.34%Passed
20232023-03-216,670,4371,932,449135,89076.33%Passed
20222022-03-227,097,7073,247,021137,77268.61%Passed
20202020-03-2412,606,7331,136,731144,85191.73%Passed
20182018-03-278,006,539220,262739,23197.32%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
20262026-03-2575.69%a
20252025-04-0959.34%b
20232023-03-2176.33%c

a. Approved under the standard stated in the filing — “Abstentions have the same effect as a vote "against" the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions have the same effect as a vote "against" the proposal.”.

c. Approved under the standard stated in the filing — “therefore, an abstention will have the effect of a vote against such 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)24 : 1
CEO total compensation$1,277,931
Median employee compensation$53,770
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Gregory C. HammVP, CFO and Treasurer2026-03-03D1,000$14$13,968CommonForm 4 ↗
Elizabeth MoraDirector2026-03-25D6,31500CommonForm 4 ↗
Peter J. NolanDirector2026-03-25D6,31500CommonForm 4 ↗
Barbara CarboneDirector2026-03-25D6,31500CommonForm 4 ↗
Scott S. SlaterDirector2026-03-25A6,31500CommonForm 4 ↗
Gordon E. KimballDirector2026-03-25A6,31500CommonForm 4 ↗
Edgar A. TerryDirector2026-03-25A6,31500CommonForm 4 ↗
Gregory C. HammVP, CFO and Treasurer2026-04-02D1,0001313,410CommonForm 4 ↗
Gregory C. HammVP, CFO and Treasurer2026-05-01D1,0001312,785CommonForm 4 ↗
Gregory C. HammVP, CFO and Treasurer2026-06-01D1,0001312,766CommonForm 4 ↗
Gregory C. HammVP, CFO and Treasurer2026-07-01D1,0001313,054CommonForm 4 ↗
Gregory C. HammVP, CFO and Treasurer2026-08-03D1,0001312,986CommonForm 4 ↗
Gregory C. HammVP, CFO and Treasurer2026-09-01D1,0001413,791CommonForm 4 ↗
Gregory C. HammVP, CFO and Treasurer2026-10-01D1,0001211,905CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

Sources (53 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, Harold Edwards. DEF 14A, filed 2026-02-18. Section “Summary Compensation Table for Fiscal Years 2025, 2024 and 2023” · page 46. As printed: 1,277,951. View filing ↗
  • Section 01, Mark Palamountain. DEF 14A, filed 2026-02-18. Section “Summary Compensation Table for Fiscal Years 2025, 2024 and 2023” · page 46. As printed: 742,805. View filing ↗
  • Section 03, Harold Edwards PSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Palamountain PSU. DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Mark Palamountain . DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 03, Harold Edwards . DEF 14A, filed 2026-02-18. Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-02-18. Section “CEO Pay Ratio”. As printed: 24 : 1. View filing ↗
  • Section 08, Scott S. Slater. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 220,000. View filing ↗
  • Section 08, Elizabeth Mora. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 175,000. View filing ↗
  • Section 08, Barbara Carbone. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 172,500. View filing ↗
  • Section 08, Edgar A. Terry. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 164,500. View filing ↗
  • Section 08, Peter J. Nolan. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 161,000. View filing ↗
  • Section 08, Gordon E. Kimball. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 161,000. View filing ↗
  • Section 08, Harold S. Edwards. DEF 14A, filed 2026-02-18. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 02, Gregory C. Hamm 2026-03-03. Form 4, filed 2026-03-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Elizabeth Mora 2026-03-25. Form 4, filed 2026-03-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Peter J. Nolan 2026-03-25. Form 4, filed 2026-03-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Barbara Carbone 2026-03-25. Form 4, filed 2026-03-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Scott S. Slater 2026-03-25. Form 4, filed 2026-03-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gordon E. Kimball 2026-03-25. Form 4, filed 2026-03-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Edgar A. Terry 2026-03-25. Form 4, filed 2026-03-26. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory C. Hamm 2026-04-02. Form 4, filed 2026-04-03. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory C. Hamm 2026-05-01. Form 4, filed 2026-05-05. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory C. Hamm 2026-06-01. Form 4, filed 2026-06-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory C. Hamm 2026-07-01. Form 4, filed 2026-07-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory C. Hamm 2026-08-03. Form 4, filed 2026-08-11. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory C. Hamm 2026-09-01. Form 4, filed 2026-09-01. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory C. Hamm 2026-10-01. Form 4, filed 2026-10-02. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-03-27. Item 5.07 · say-on-pay result. As reported: 75.69% (votes for as printed: 8,401,153.04). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-04-10. Item 5.07 · say-on-pay result. As reported: 59.34% (votes for as printed: 6,728,657.57). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-03-27. Item 5.07 · say-on-pay result. As reported: 76.33% (votes for as printed: 6,670,437). 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 544,000 + equity 510,000 + all other 0 = 1,054,000, summed across the director compensation table rows.
  • Village Farms International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Village Farms International, Inc.'s own proxy. As printed: 3,783,169. View filing ↗
  • Vital Farms, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Vital Farms, Inc.'s own proxy. As printed: 3,616,512. View filing ↗
  • Lifeway Foods, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Lifeway Foods, Inc.'s own proxy. As printed: 3,389,132. View filing ↗
  • Mission Produce, Inc., Section 10b CEO total. DEF 14A, filed 2026-02-24. CEO total compensation as printed in Mission Produce, Inc.'s own proxy. As printed: 3,050,746. View filing ↗
  • Tejon Ranch Co., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Tejon Ranch Co.'s own proxy. As printed: 2,355,829. View filing ↗
  • Farmer Bros. Co., Section 10b CEO total. DEF 14A, filed 2024-12-23. CEO total compensation as printed in Farmer Bros. Co.'s own proxy. As printed: 1,945,920. View filing ↗
  • The St. Joe Company, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in The St. Joe Company's own proxy. As printed: 1,857,798. View filing ↗
  • Benson Hill, Inc., Section 10b CEO total. DEF 14A, filed 2024-06-14. CEO total compensation as printed in Benson Hill, Inc.'s own proxy. As printed: 1,733,346. View filing ↗
  • Alico, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-14. CEO total compensation as printed in Alico, Inc.'s own proxy. As printed: 1,385,168. View filing ↗
  • Maui Land & Pineapple Company, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Maui Land & Pineapple Company, Inc.'s own proxy. As printed: 1,378,306. View filing ↗
  • Limoneira Co (subject), Section 10b CEO total. DEF 14A, filed 2026-02-18. CEO total compensation as printed in Limoneira Co's own proxy. As printed: 1,277,951. View filing ↗
  • Cadiz, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Cadiz, Inc.'s own proxy. As printed: 1,057,625. View filing ↗
  • Calavo Growers, Inc., Section 10b CEO total. DEF 14A, filed 2025-02-28. CEO total compensation as printed in Calavo Growers, Inc.'s own proxy. As printed: 77,760. View filing ↗
  • Section 10a, Tejon Ranch Co. reciprocity. DEF 14A. Tejon Ranch Co. names Limoneira Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Alico, Inc. reciprocity. DEF 14A. Alico, Inc. names Limoneira Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Vital Farms, Inc. reciprocity. DEF 14A. Vital Farms, Inc. names Limoneira Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Cadiz, Inc. reciprocity. DEF 14A. Cadiz, Inc. names Limoneira Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Calavo Growers, Inc. reciprocity. DEF 14A. Calavo Growers, Inc. names Limoneira Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Lifeway Foods, Inc. reciprocity. DEF 14A. Lifeway Foods, Inc. names Limoneira Co in its own disclosed peer group (read from its most recent proxy). View filing ↗
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