Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-26

Monster Beverage (MNST)

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.

$19,282,630
Hilton Schlosberg total, FY2025
57th
CEO pay percentile vs peers
218:1
CEO-to-median pay ratio
95.08%
Say-on-pay support, latest vote
Companies that benchmark against MNST
8 companies name MNST as a compensation peer

Each company listed discloses MNST 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 MNST 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
Hilton Schlosberg$1,250,000$0$10,687,460$3,493,351$3,750,000$0$101,819$19,282,630
Vice Chairman, CEO and Director
Rodney Sacks1,083,07707,106,6102,322,8572,721,0940611,89913,845,537
Chairman, Director and Former Co-CEO
Emelie Tirre908,00001,156,890423,0701,276,875068,9173,833,752
Chief Strategy Officer (formerly Chief Commercial Officer)
Guy Carling852,60001,156,890423,0701,198,939064,3373,695,836
Chief Executive Officer, EMEA & OSP (formerly President, EMEA & OSP)
Rob Gehring780,0000743,715275,9761,096,875098,9372,995,503
Chief Executive Officer, Americas (formerly Chief Growth Officer)
Thomas Kelly678,0000743,715282,047953,438049,3422,706,542
Chief Financial 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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Hilton Schlosberg$19,282,630$16,868,040$17,805,908+2,414,590
Rodney Sacks13,845,53717,709,651−3,864,114
Emelie Tirre3,833,7522,994,8963,730,804+838,856
Guy Carling3,695,8362,825,8683,466,008+869,968
Rob Gehring2,995,503
Thomas Kelly2,706,5421,863,3182,351,089+843,224

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 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Rob GehringPSU2025-03-144,5009,00018,000$495,810
Guy CarlingRSU2025-03-147,000385,630
Rodney SacksPSU2025-03-1443,00086,000172,0004,737,740
Emelie TirrePSU2025-03-147,00014,00028,000771,260
Thomas KellyPSU2025-03-144,5009,00018,000495,810
Thomas KellyRSU2025-03-144,500247,905
Hilton SchlosbergOPTION2025-03-14173,4003,493,351
Rodney SacksOPTION2025-03-14115,3002,322,857
Emelie TirreRSU2025-03-147,000385,630
Rob GehringOPTION2025-03-1414,000275,976
Thomas KellyOPTION2025-03-1414,000282,047
Emelie TirreOPTION2025-03-1421,000423,070
Rob GehringRSU2025-03-144,500247,905
Guy CarlingPSU2025-03-147,00014,00028,000771,260
Hilton SchlosbergPSU2025-03-1464,650129,300258,6007,123,137
Rodney SacksRSU2025-03-1443,0002,368,870
Guy CarlingOPTION2025-03-1421,000423,070
Hilton SchlosbergRSU2025-03-1464,7003,564,323
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Rob Gehring$247,905$495,810$275,97648.6%
Guy Carling385,630771,260423,07048.8%
Rodney Sacks2,368,8704,737,7402,322,85750.2%
Emelie Tirre385,630771,260423,07048.8%
Thomas Kelly247,905495,810282,04748.3%
Hilton Schlosberg3,564,3237,123,1373,493,35150.2%

% 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 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Guy CarlingOption6,00044.47
Thomas KellyOption6,00060.3
Guy CarlingRSU7,000536,690
Hilton SchlosbergOption173,40055.09
Rodney SacksRSU22,5341,727,682
Rodney SacksRSU38,6672,964,599
Emelie TirreOption6,66850.82
Emelie TirreOption16,20060.3
Thomas KellyRSU4,500345,015
Guy CarlingPSU27,2002,085,424
Rodney SacksPSU232,20017,802,774
Hilton SchlosbergOption102,33360.3
Rodney SacksOption102,33360.3
Hilton SchlosbergPSU232,20017,802,774
Hilton SchlosbergOption61,00050.82
Guy CarlingOption15,00050.82
Thomas KellyPSU18,0001,380,060
Hilton SchlosbergPSU270,40020,731,568
Emelie TirreRSU5,100391,017
Emelie TirrePSU24,0001,840,080
Emelie TirreOption21,00055.09
Guy CarlingRSU7,480573,492
Rodney SacksPSU270,40020,731,568
Guy CarlingOption6,66850.82
Guy CarlingPSU28,0002,146,760
Rob GehringOption14,00055.09
Guy CarlingOption21,00055.09
Emelie TirreRSU5,400414,018
Rodney SacksPSU172,00013,187,240
Emelie TirreOption25,30036.62
Thomas KellyPSU1,13486,944
Thomas KellyOption3,33450.82
Hilton SchlosbergPSU258,60019,826,862
Hilton SchlosbergRSU64,7004,960,549
Rodney SacksOption115,30055.09
Hilton SchlosbergRSU38,6672,964,599
Rodney SacksRSU43,0003,296,810
Emelie TirrePSU28,0002,146,760
Emelie TirrePSU27,2002,085,424
Thomas KellyPSU12,000920,040
Emelie TirreRSU7,480573,492
Guy CarlingRSU5,400414,018
Guy CarlingOption16,20060.3
Rob GehringRSU4,500345,015
Thomas KellyPSU13,6001,042,712
Guy CarlingRSU5,100391,017
Guy CarlingOption25,30036.62
Emelie TirreOption15,00050.82
Emelie TirreRSU7,000536,690
Thomas KellyOption14,00055.09
Emelie TirreOption6,00044.47
Rob GehringPSU18,0001,380,060
Guy CarlingPSU24,0001,840,080
Thomas KellyRSU2,000153,340
Emelie TirrePSU1,680128,806
Rodney SacksOption61,00050.82
Hilton SchlosbergRSU22,5341,727,682
Rob GehringPSU20,0001,533,400
Guy CarlingPSU1,680128,806
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program is designed to reinforce ownership and overall entrepreneurialism and to link rewards to measurable corporate and qualitative individual performance. The program's primary objectives are to motivate and retain executive talent, to reward executives fairly for performance relative to business plan goals, and to create sustainable stockholder value through continued profitable growth.

CEO STI target (% of salary)160%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc. (FW Cook)
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingFalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-14823,312,57342,628,482260,59295.08%Passed
20252025-06-12796,662,92255,307,3001,056,96293.51%Passed
20242024-06-13847,999,39455,532,4381,058,95393.85%Passed
20222022-06-14442,355,42624,709,800410,71394.71%Passed
20212021-06-15452,338,22016,896,536393,59896.4%Passed
20202020-06-03441,419,73521,352,174391,21095.39%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
20262026-05-1495.08%a
20252025-06-1293.51%b
20242024-06-1393.85%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not treated as cast either "for" or "against" a matter and therefore will not affect the outcome of the vote.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not treated as cast either "for" or "against" a matter and therefore will not affect the outcome of the vote.”.

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.

07

CEO pay ratio

Ratio (CEO : median employee)218 : 1
CEO total compensation$19,282,630
Median employee compensation$88,521
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Mark J. HallEmployee director$0$965,306$965,306
Mark S. VidergauzIndependent · Lead Independent Director · Compensation (Chair through March 31, 2026) · Audit · Nominating/Governance (Chair)195,000175,0200370,020
Steven G. PizulaIndependent · Audit (Chair) · Nominating/Governance127,500175,0200302,520
Jeanne P. JacksonIndependent · Compensation (Chair effective April 1, 2026)267,4660267,466
William W. Douglas IIIIndependent · Audit · Newly elected90,000175,0200265,020
Tiffany M. HallIndependent · Nominating/Governance44,375218,5130262,888
Ana DemelIndependent · Compensation261,8760261,876
James L. DinkinsIndependent85,000175,0200260,020
Gary P. FayardIndependent · Audit (through June 2025) · Compensation (through June 2025) · Nominating/Governance (through June 2025) · Not standing for re-election · Departed during FY82,561082,561
Hilton H. SchlosbergEmployee director · Executive00000
Rodney C. SacksEmployee director · Board Chair · Executive00000
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$175,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)25,000 / 22,500 / 25,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$541,875
Equity awards (grant-date value)$1,530,496
All other compensation$965,306
Total cost of the board$3,037,677

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 Monster Beverage 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 Monster Beverage.

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
1Starbucks Corporation2025Brian Niccol$1,599,998$19,881,585$0$1,971,000$30,992,773
2Brown-Forman Corporation2026Lawson Whiting1,314,36510,772,7032,366,4342,493,15025,304,882
3Mondelez International, Inc.2025Dirk Van de Put1,624,61514,530,3594,401,5553,234,00024,516,114
4Lululemon Athletica, Inc.2025Calvin McDonald1,393,2697,800,00113,800,030994,79424,023,294
5Ralph Lauren Corporation2026Patrice Louvet1,350,00013,710,17908,100,00023,264,269
6Yum! Brands, Inc.2025David Gibbs1,380,76912,459,2263,750,0123,024,00020,861,526
7Monster Beverage2025Hilton Schlosberg1,250,00010,687,4603,493,3513,750,00019,282,630
8The Estée Lauder Companies Inc.2025Fabrizio Freda2,100,0009,000,0322,249,9943,096,85017,793,402
9The Hershey Company2025Kirk Tanner456,73114,674,11301,358,05216,806,399
10Chipotle Mexican Grill, Inc.2025Scott Boatwright1,095,3857,800,0025,200,0071,155,00015,455,736
11Constellation Brands, Inc.2026William Newlands1,449,03810,767,74901,564,38214,209,126
12Campbell Soup Company2025Mark Clouse664,0158,932,7300859,14011,056,404
13The J. M. Smucker Company2026Mark Smucker1,221,1546,274,43802,143,12610,935,216
14McCormick & Company2025Brendan Foley1,139,0848,600,1050720,13010,831,581
15Keurig Dr Pepper Inc.2025Timothy Cofer1,331,9235,125,51401,719,2348,217,032

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
Monster Beverage188%PSU 50 · RSU 25 · Options 25NoFrederic W. Cook & Co., Inc. (FW Cook)
Brown-Forman Corporationnot disclosedPSU 67 · Options 33Yes — Three-year TSRCompensation Advisory Partners
Campbell Soup Company74%PSU 60 · RSU 40Yes — TSR performanceFW Cook
Chipotle Mexican Grill, Inc.53%PSU 60 · Options 20 · RSU 20NoMeridian Compensation Partners, LLC
Constellation Brands, Inc.54%PSU 50 · RSU 50Yes — Relative TSRFW Cook
Keurig Dr Pepper Inc.86%RSU 75 · PSU 25NoFW Cook
Lululemon Athletica, Inc.35.7%PSU 60 · RSU 20 · Options 20NoWTW (Willis Towers Watson)
McCormick & Company40.4%PSU 50 · RSU 50Yes — McCormick's TSR relative to the TSR generated by our Peer Group companiesWTW (Willis Towers Watson)
Mondelez International, Inc.91%PSU 75 · Options 25Nonot disclosed
Ralph Lauren Corporation200%PSU 50 · RSU 50Yes — Relative TSRKorn Ferry
Starbucks Corporation54.8%PSU 60 · RSU 40NoPay Governance
The Estée Lauder Companies Inc.51.5%PSU 40 · RSU 40 · Options 20NoSemler Brossy
The Hershey Company165.19%PSU 65 · RSU 35NoFrederic W. Cook & Co., Inc.
The J. M. Smucker Company117%PSU 60 · RSU 40NoSemler Brossy
Yum! Brands, Inc.68%PSU 50 · RSU 25 · Options 25Yes — TSR relative to S&P 500 Consumer Discretionary IndexMeridian Compensation Partners, LLC

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, Hilton SchlosbergDEF 14A2026-03-270001104659-26-035990Section “2025 Summary Compensation Table” · page 1. As printed: 19,282,630. Filing ↗machine: span 327775–327785
2Section 01, Rodney SacksDEF 14A2026-03-270001104659-26-035990Section “2025 Summary Compensation Table” · page 1. As printed: 13,845,537. Filing ↗machine: span 331454–331464
3Section 01, Emelie TirreDEF 14A2026-03-270001104659-26-035990Section “2025 Summary Compensation Table”. As printed: 3,833,752. Filing ↗machine: span 338975–338984
4Section 01, Guy CarlingDEF 14A2026-03-270001104659-26-035990Section “2025 Summary Compensation Table”. As printed: 3,695,836. Filing ↗machine: span 342658–342667
5Section 01, Rob GehringDEF 14A2026-03-270001104659-26-035990Section “2025 Summary Compensation Table”. As printed: 2,995,503. Filing ↗machine: r6 · c7 · span 345368–345377
6Section 01, Thomas KellyDEF 14A2026-03-270001104659-26-035990Section “2025 Summary Compensation Table”. As printed: 2,706,542. Filing ↗machine: span 335311–335320
7Section 03, Rob Gehring PSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r29 · c12 · span 457037–457044
8Section 03, Guy Carling RSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r23 · c12 · span 440576–440583
9Section 03, Rodney Sacks PSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r2 · c3 · span 274877–274883
10Section 03, Emelie Tirre PSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r4 · c3 · span 277363–277369
11Section 03, Thomas Kelly PSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r3 · c3 · span 276121–276126
12Section 03, Thomas Kelly RSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r13 · c12 · span 412999–413006
13Section 03, Hilton Schlosberg OPTIONDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r5 · c12 · span 390355–390364
14Section 03, Rodney Sacks OPTIONDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r10 · c12 · span 404428–404437
15Section 03, Emelie Tirre RSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r18 · c12 · span 426787–426794
16Section 03, Rob Gehring OPTIONDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r30 · c12 · span 459587–459594
17Section 03, Thomas Kelly OPTIONDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r15 · c12 · span 418221–418228
18Section 03, Emelie Tirre OPTIONDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r20 · c12 · span 432010–432017
19Section 03, Rob Gehring RSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r28 · c12 · span 454365–454372
20Section 03, Guy Carling PSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r24 · c12 · span 443249–443256
21Section 03, Hilton Schlosberg PSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t35 · r1 · c3 · span 273631–273638
22Section 03, Rodney Sacks RSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r8 · c12 · span 399198–399207
23Section 03, Guy Carling OPTIONDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r25 · c12 · span 445799–445806
24Section 03, Hilton Schlosberg RSUDEF 14A2026-03-270001104659-26-035990Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t52 · r3 · c12 · span 385124–385133
25Section 07, pay ratioDEF 14A2026-03-27000110465926035990Section “CEO Pay Ratio”. As printed: 218 : 1. Filing ↗machine: span 946644–946649
26Section 08, Mark J. HallDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 965,306. Filing ↗machine: t108 · r5 · c4 · span 899081–899088
27Section 08, Mark S. VidergauzDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 370,020. Filing ↗machine: t108 · r9 · c5 · span 905855–905862
28Section 08, Steven G. PizulaDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 302,520. Filing ↗machine: t108 · r8 · c5 · span 904225–904232
29Section 08, Jeanne P. JacksonDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 267,466. Filing ↗machine: t108 · r7 · c2 · span 901810–901817
30Section 08, William W. Douglas IIIDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 265,020. Filing ↗machine: t108 · r3 · c5 · span 896195–896202
31Section 08, Tiffany M. HallDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 262,888. Filing ↗machine: t108 · r6 · c5 · span 900984–900991
32Section 08, Ana DemelDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 261,876. Filing ↗machine: t108 · r1 · c2 · span 892470–892477
33Section 08, James L. DinkinsDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 260,020. Filing ↗machine: t108 · r2 · c5 · span 894654–894661
34Section 08, Gary P. FayardDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 82,561. Filing ↗machine: t108 · r4 · c2 · span 896983–896989
35Section 08, Hilton H. SchlosbergDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 0. Filing ↗
36Section 08, Rodney C. SacksDEF 14A2026-03-270001104659-26-035990Section “Director Compensation”. As printed: 0. Filing ↗
37Section 06, 2026 voteForm 8-K2026-05-150001104659-26-062567Item 5.07 · say-on-pay result. As reported: 95.08% (votes for as printed: 823,312,573). Filing ↗
38Section 06, 2025 voteForm 8-K2025-06-160001104659-25-059938Item 5.07 · say-on-pay result. As reported: 93.51% (votes for as printed: 796,662,922). Filing ↗
39Section 06, 2024 voteForm 8-K2024-06-140001104659-24-071717Item 5.07 · say-on-pay result. As reported: 93.85% (votes for as printed: 847,999,394). Filing ↗
40Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
41Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
42Section 09b board cost (computed)ComputedcomputedCash 541,875 + equity 1,530,496 + all other 965,306 = 3,037,677, summed across the director compensation table rows.machine: formula: Σ = 3,037,677
43Starbucks Corporation, Section 10b CEO totalDEF 14A2026-01-260001213900-26-007780CEO total compensation as printed in Starbucks Corporation's own proxy. As printed: 30,992,773. Filing ↗machine: span 2373800–2373810
44Brown-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
45Mondelez International, Inc., Section 10b CEO totalDEF 14A2026-04-030001628280-26-023640CEO total compensation as printed in Mondelez International, Inc.'s own proxy. As printed: 24,516,114. Filing ↗machine: r2 · c9 · span 2504218–2504228
46Lululemon Athletica, Inc., Section 10b CEO totalDEF 14A2026-05-180001213900-26-058095CEO total compensation as printed in Lululemon Athletica, Inc.'s own proxy. As printed: 24,023,294. Filing ↗machine: t70 · r3 · c8 · span 1864711–1864721
47Ralph Lauren Corporation, Section 10b CEO totalDEF 14A2026-06-180001140361-26-025788CEO total compensation as printed in Ralph Lauren Corporation's own proxy. As printed: 23,264,269. Filing ↗machine: t486 · r5 · c19 · span 2002568–2002578
48Yum! Brands, Inc., Section 10b CEO totalDEF 14A2026-04-030001193125-26-142078CEO total compensation as printed in Yum! Brands, Inc.'s own proxy. As printed: 20,861,526. Filing ↗machine: t86 · r7 · c11 · span 1988224–1988234
49Monster Beverage (subject), Section 10b CEO totalDEF 14A2026-03-270001104659-26-035990CEO total compensation as printed in Monster Beverage's own proxy. As printed: 19,282,630. Filing ↗machine: span 327775–327785
50The Estée Lauder Companies Inc., Section 10b CEO totalDEF 14A2025-09-250001104659-25-093184CEO total compensation as printed in The Estée Lauder Companies Inc.'s own proxy. As printed: 17,793,402. Filing ↗machine: r8 · c55 · span 1662302–1662312
51The 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
52Chipotle Mexican Grill, Inc., Section 10b CEO totalDEF 14A2026-04-280001140361-26-017294CEO total compensation as printed in Chipotle Mexican Grill, Inc.'s own proxy. As printed: 15,455,736. Filing ↗machine: r2 · c22 · span 1337747–1337758
53Constellation Brands, Inc., Section 10b CEO totalDEF 14A2026-06-080000016918-26-000023CEO total compensation as printed in Constellation Brands, Inc.'s own proxy. As printed: 14,209,126. Filing ↗machine: r2 · c24 · span 851966–851977
54Campbell 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
55The 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
56McCormick & Company, Section 10b CEO totalDEF 14A2026-02-180000063754-26-000140CEO total compensation as printed in McCormick & Company's own proxy. As printed: 10,831,581. Filing ↗machine: r2 · c24 · span 970218–970228
57Keurig Dr Pepper Inc., Section 10b CEO totalDEF 14A2026-04-240001193125-26-177266CEO total compensation as printed in Keurig Dr Pepper Inc.'s own proxy. As printed: 8,217,032. Filing ↗machine: r4 · c27 · span 672692–672701
58Section 10a, Constellation Brands, Inc. reciprocityDEF 14A0000016918-26-000023Constellation Brands, Inc. names Monster Beverage in its own disclosed peer group (read from its most recent proxy). Filing ↗
59Section 10a, Starbucks Corporation reciprocityDEF 14A0001213900-26-007780Starbucks Corporation's most recent proxy was read; its disclosed peer group does not include Monster Beverage. Filing ↗
60Section 10a, Ralph Lauren Corporation reciprocityDEF 14A0001140361-26-025788Ralph Lauren Corporation's most recent proxy was read; its disclosed peer group does not include Monster Beverage. Filing ↗
61Section 10a, The Estée Lauder Companies Inc. reciprocityDEF 14A0001104659-25-093184The Estée Lauder Companies Inc.'s most recent proxy was read; its disclosed peer group does not include Monster Beverage. Filing ↗
62Section 10a, The Hershey Company reciprocityDEF 14A0001628280-26-021065The Hershey Company's most recent proxy was read; its disclosed peer group does not include Monster Beverage. Filing ↗
63Section 10a, Yum! Brands, Inc. reciprocityDEF 14A0000950170-25-051113Yum! Brands, Inc.'s most recent proxy was read; its disclosed peer group does not include Monster Beverage. Filing ↗
64Section 10a, Brown-Forman Corporation reciprocityDEF 14A0001193125-26-275853Brown-Forman Corporation names Monster Beverage in its own disclosed peer group (read from its most recent proxy). Filing ↗
65Section 10a, Campbell Soup Company reciprocityDEF 14A0001308179-25-000618Campbell Soup Company's most recent proxy was read; its disclosed peer group does not include Monster Beverage. Filing ↗
66Section 10a, Chipotle Mexican Grill, Inc. reciprocityDEF 14A0001140361-26-017294Chipotle Mexican Grill, Inc.'s most recent proxy was read; its disclosed peer group does not include Monster Beverage. Filing ↗
67Section 10a, Keurig Dr Pepper Inc. reciprocityDEF 14A0001193125-26-177266Keurig Dr Pepper Inc. names Monster Beverage in its own disclosed peer group (read from its most recent proxy). Filing ↗
68Section 10a, McCormick & Company reciprocityDEF 14A0000063754-26-000140McCormick & Company's most recent proxy was read; its disclosed peer group does not include Monster Beverage. Filing ↗
69Section 10a, Mondelez International, Inc. reciprocityDEF 14A0001628280-26-023640Mondelez International, Inc.'s most recent proxy was read; its disclosed peer group does not include Monster Beverage. Filing ↗
70Section 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 Monster Beverage. Filing ↗