Companies Phibro Animal Health Corp
Phibro Animal Health (PAHC): executive pay, fiscal 2026
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CEO pay, last three years
- $763,243FY2024
- $1,119,780FY2025
- $1,120,094FY2026
CEO total pay was $1,120,094 in fiscal 2026, up from $1,119,780 in fiscal 2025.
FY2026: salary $575,000 · bonus $0 · stock awards $99,866 · option awards $0
Frequently asked questions
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 |
|---|---|---|---|---|---|---|---|---|
| Jack Bendheim | $2,442,600 | $0 | $424,255 | $0 | $1,587,690 | $117,108 | $658,245 | $5,229,898 |
| Chairman of the Board and Executive Chairman | ||||||||
| Larry Miller | 751,849 | 1,062,500 | 130,602 | 0 | 488,701 | 12,844 | 54,123 | 2,500,619 |
| Chief Operating Officer | ||||||||
| Glenn David | 702,768 | 0 | 122,060 | 0 | 456,800 | 0 | 52,094 | 1,333,722 |
| Chief Financial Officer | ||||||||
| Daniel Bendheim | 575,000 | 0 | 99,866 | 0 | 373,750 | 15,663 | 55,815 | 1,120,094 |
| President and Chief Executive Officer | ||||||||
| Judith Weinstein | 500,000 | 0 | 86,841 | 0 | 325,000 | 7,988 | 55,357 | 975,186 |
| Senior Vice President, General Counsel and Corporate Secretary | ||||||||
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 | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Jack Bendheim | $5,229,898 | $5,284,122 | $4,753,878 | ↓ −54,224 |
| Larry Miller | 2,500,619 | 2,429,538 | 3,418,556 | ↑ +71,081 |
| Glenn David | 1,333,722 | 1,273,947 | 2,395,796 | ↑ +59,775 |
| Daniel Bendheim | 1,120,094 | 1,119,780 | 763,243 | ↑ +314 |
| Judith Weinstein | 975,186 | 1,043,927 | — | ↓ −68,741 |
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 philosophy is built on attracting and retaining the right talent through market-competitive pay, ensuring a material portion of compensation is at-risk and directly aligned with Company performance, and aligning executive interests with stockholder interests.
| CEO STI target (% of salary) | 50% |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2026
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Glenn David | RSU | 2025-08-15 | — | — | 4,845 | — | $122,060 |
| Daniel M. Bendheim | RSU | 2025-08-15 | — | — | 3,964 | — | 99,866 |
| Jack C. Bendheim | RSU | 2025-08-15 | — | — | 16,840 | — | 424,255 |
| Larry Miller | RSU | 2025-08-15 | — | — | 5,184 | — | 130,602 |
| Judith Weinstein | RSU | 2025-08-15 | — | — | 3,447 | — | 86,841 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Glenn David | $122,060 | $0 | $0 | 0.0% |
| Daniel M. Bendheim | 99,866 | 0 | 0 | 0.0% |
| Jack C. Bendheim | 424,255 | 0 | 0 | 0.0% |
| Larry Miller | 130,602 | 0 | 0 | 0.0% |
| Judith Weinstein | 86,841 | 0 | 0 | 0.0% |
% 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 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Judith Weinstein | RSU | 3,447 | — | $108,236 |
| Bendheim | RSU | 3,964 | — | 124,470 |
| Glenn David | RSU | 4,845 | — | 152,133 |
| Larry Miller | RSU | 5,184 | — | 162,778 |
| Bendheim | RSU | 16,840 | — | 528,776 |
| Glenn David | RSU | 90,000 | — | 2,826,000 |
| Glenn David | PSU | 150,000 | — | 4,710,000 |
| Larry Miller | PSU | 300,000 | — | 9,420,000 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Sam GejdensonIndependent · Audit · Compensation (Chair) | $80,000 | — | — | — | — | $80,000 |
| Carol A. WrennIndependent · Audit · Compensation | 80,000 | — | — | — | — | 80,000 |
| E. Thomas CorcoranIndependent · Audit (Chair) | 70,000 | — | — | — | — | 70,000 |
| Alejandro BernalIndependent · Compensation | 70,000 | — | — | — | — | 70,000 |
| Joyce J. LeeIndependent · Not standing for re-election · Departed during FY | 60,000 | — | — | — | — | 60,000 |
| Mary Lou MalanoskiIndependent | 60,000 | — | — | — | — | 60,000 |
| Daniel M. BendheimEmployee director | — | — | — | — | — | 0 |
| Jack C. BendheimEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $60,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | — |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $420,000 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $420,000 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Phibro Animal Health as a peer
Companies that benchmark against PAHC
1 company names PAHC as a compensation peer
- TRUPANION, INC.TRUPFY2025
Each company listed discloses PAHC 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 PAHC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
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 | Phibro Animal Health Corp | 2026 | Daniel Bendheim | $575,000 | $99,866 | $0 | $373,750 | $1,120,094 |
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 | 2026-11-03 | — | — | — | — | — |
| 2025 | 2025-11-04 | 213,516,403 | 1,184,154 | 20,495 | 99.44% | Passed |
| 2022 | 2022-11-07 | 218,928,908 | 725,200 | 203,167 | 99.58% | Passed |
| 2019 | 2019-11-04 | 215,621,074 | 773,954 | 122,388 | 99.64% | 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 | 2026-11-03 | —a |
| 2025 | 2025-11-04 | 99.44%b |
| 2022 | 2022-11-07 | 99.58%c |
a. Voting standard not stated in the filing.
b. Approved under the standard stated in the filing — “Approval, on an advisory (non-binding) basis, of the compensation paid to the named executive officers, as disclosed in this proxy statement, requires the affirmative vote of a majority of the combined voting power of our Class A common stock and Class B common stock present in person or by proxy at the Annual Meeting and entitled to vote thereon, voting together as one class. || Abstentions: Abstentions are considered votes present and entitled to vote on this proposal, and thus, will have the same effect as a vote "against" the proposal.”.
c. Approved under the standard stated in the filing — “2 : Approval, on an advisory (non-binding) basis, of the compensation paid to the named executive officers, as disclosed in this proxy statement, requires the affirmative vote of a majority of the combined voting power of our Class A common stock and Class B common stock present in person or by proxy at the Annual Meeting and entitled to vote thereon, voting together as one class. || Abstentions: Abstentions are considered votes present and entitled to vote on this proposal, and thus, will have the same effect as a vote "against" the proposal.”.
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) | 74 : 1 |
|---|---|
| CEO total compensation | $5,229,898 |
| Median employee compensation | $71,100 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (26 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, Jack Bendheim. DEF 14A, filed 2026-09-18. Section “2026 Summary Compensation Table” · page 30. As printed: 5,229,898. View filing ↗
- Section 01, Larry Miller. DEF 14A, filed 2026-09-18. Section “2026 Summary Compensation Table” · page 30. As printed: 2,500,619. View filing ↗
- Section 01, Glenn David. DEF 14A, filed 2026-09-18. Section “2026 Summary Compensation Table” · page 30. As printed: 1,333,722. View filing ↗
- Section 01, Daniel Bendheim. DEF 14A, filed 2026-09-18. Section “2026 Summary Compensation Table” · page 30. As printed: 1,120,094. View filing ↗
- Section 01, Judith Weinstein. DEF 14A, filed 2026-09-18. Section “2026 Summary Compensation Table” · page 30. As printed: 975,186. View filing ↗
- Section 03, Glenn David RSU. DEF 14A, filed 2026-09-18. Section “Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards in Fiscal Year 2026” · grants of plan-based awards table. View filing ↗
- Section 03, Daniel M. Bendheim RSU. DEF 14A, filed 2026-09-18. Section “Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards in Fiscal Year 2026” · grants of plan-based awards table. View filing ↗
- Section 03, Jack C. Bendheim RSU. DEF 14A, filed 2026-09-18. Section “Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards in Fiscal Year 2026” · grants of plan-based awards table. View filing ↗
- Section 03, Larry Miller RSU. DEF 14A, filed 2026-09-18. Section “Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards in Fiscal Year 2026” · grants of plan-based awards table. View filing ↗
- Section 03, Judith Weinstein RSU. DEF 14A, filed 2026-09-18. Section “Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards in Fiscal Year 2026” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-09-18. Section “CEO Pay Ratio”. As printed: 74 : 1. View filing ↗
- Section 08, Sam Gejdenson. DEF 14A, filed 2026-09-18. Section “Director Compensation”. As printed: 80,000. View filing ↗
- Section 08, Carol A. Wrenn. DEF 14A, filed 2026-09-18. Section “Director Compensation”. As printed: 80,000. View filing ↗
- Section 08, E. Thomas Corcoran. DEF 14A, filed 2026-09-18. Section “Director Compensation”. As printed: 70,000. View filing ↗
- Section 08, Alejandro Bernal. DEF 14A, filed 2026-09-18. Section “Director Compensation”. As printed: 70,000. View filing ↗
- Section 08, Joyce J. Lee. DEF 14A, filed 2026-09-18. Section “Director Compensation”. As printed: 60,000. View filing ↗
- Section 08, Mary Lou Malanoski. DEF 14A, filed 2026-09-18. Section “Director Compensation”. As printed: 60,000. View filing ↗
- Section 08, Daniel M. Bendheim. DEF 14A, filed 2026-09-18. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Jack C. Bendheim. DEF 14A, filed 2026-09-18. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-11-04. Item 5.07 · say-on-pay result. As reported: —. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-11-05. Item 5.07 · say-on-pay result. As reported: 99.44% (votes for as printed: 213,516,403). View filing ↗
- Section 06, 2022 vote. Form 8-K, filed 2022-11-08. Item 5.07 · say-on-pay result. As reported: 99.58% (votes for as printed: 218,928,908). 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 420,000 + equity 0 + all other 0 = 420,000, summed across the director compensation table rows.
- Phibro Animal Health Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-09-18. CEO total compensation as printed in Phibro Animal Health Corp's own proxy. As printed: 1,120,094. View filing ↗