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.
Each company listed discloses PPC 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 PPC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Fabio Sandri | $1,000,000 | $0 | $13,437,807 | $0 | $1,948,960 | $0 | $21,753 | $16,408,520 |
| President and CEO | ||||||||
| Matthew Galvanoni | 550,000 | 0 | 2,812,457 | 0 | 1,075,041 | 0 | 15,514 | 4,453,012 |
| CFO | ||||||||
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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Fabio Sandri | $16,408,520 | $3,942,031 | $2,577,965 | +12,466,489 |
| Matthew Galvanoni | 4,453,012 | 2,081,877 | 1,292,761 | +2,371,135 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Fabio Sandri | PSU | 2025-03-14 | 10,231 | 20,462 | — | 40,924 | $1,015,324 |
| Fabio Sandri | PSU | 2024-08-14 | 62,500 | 250,000 | — | 375,000 | 11,422,500 |
| Fabio Sandri | RSU | 2025-03-07 | — | — | 18,308 | — | 999,983 |
| Matthew Galvanoni | PSU | 2024-08-14 | 12,500 | 50,000 | — | 75,000 | 2,284,500 |
| Matthew Galvanoni | PSU | 2025-03-14 | 5,320 | 10,640 | — | 21,280 | 527,957 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Fabio Sandri | $999,983 | $12,437,824 | $0 | 92.6% |
| Matthew Galvanoni | 0 | 2,812,457 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Fabio Sandri | PSU | 330,739 | — | $13,170,027 |
| Matthew Galvanoni | PSU | 77,549 | — | 3,087,988 |
| Matthew Galvanoni | RSU | 60,111 | — | 2,393,580 |
| Fabio Sandri | RSU | 186,740 | — | 7,435,967 |
The Company's compensation principles are intended to align the long-term interests of executives with those of stockholders, attract and retain key leaders, and reward sustained financial and operating performance. A significant portion of total compensation is performance-based and 'at risk,' balancing short-term and long-term incentives through cash bonuses and equity awards.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-04-29 | 227,280,964 | 1,012,847 | 23,854 | 99.55% | Passed |
| 2025 | 2025-04-30 | 217,528,144 | 11,277,057 | 210,033 | 94.98% | Passed |
| 2023 | 2023-04-26 | 226,209,632 | 1,160,003 | 32,003 | 99.48% | Passed |
| 2022 | 2022-04-27 | 225,697,507 | 1,471,601 | 76,598 | 99.32% | Passed |
| 2021 | 2021-04-28 | 227,202,266 | 2,958,453 | 162,075 | 98.65% | Passed |
| 2020 | 2020-04-29 | 211,631,225 | 26,233,345 | 71,444 | 88.94% | 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.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-04-29 | 99.55%a |
| 2025 | 2025-04-30 | 94.98%b |
| 2023 | 2023-04-26 | 99.48%c |
a. Approved under the standard stated in the filing — “However, stockholders may abstain from Proposals 3, 4, 5 and 6, and an abstention will have the same effect as a vote against any of these proposals.”.
b. Approved under the standard stated in the filing — “However, stockholders may abstain from Proposals 3, 4 and 5, and an abstention will have the same effect as a vote against any of these proposals.”.
c. Approved under the standard stated in the filing — “However, stockholders may abstain from Proposals 3 and 4, and an abstention will have the same effect as a vote against any of these 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.
| Ratio (CEO : median employee) | 468 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | $35,073 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Farha AslamIndependent · Audit | $165,000 | $60,000 | — | — | — | $225,000 |
| Andre Nogueira de SouzaNominating | 160,000 | 60,000 | — | — | — | 220,000 |
| Arquimedes A. CelisIndependent · Audit · Compensation · Nominating | 160,000 | 60,000 | — | — | — | 220,000 |
| Wallim Cruz de Vasconcellos JuniorIndependent · Audit (Chair) · Nominating | 155,000 | 60,000 | — | — | — | 215,000 |
| Gilberto TomazoniBoard Chair · Compensation (Chair) · Nominating | 155,000 | 60,000 | — | — | — | 215,000 |
| Ajay MenonSustainability | 150,000 | 60,000 | — | — | — | 210,000 |
| Wesley Mendonça BatistaNot independent · Compensation · JBS Nominating · Sustainability | 140,000 | 60,000 | — | — | — | 200,000 |
| Raul PadillaIndependent | 140,000 | 60,000 | — | — | — | 200,000 |
| Joanita KaroleskiIndependent · Sustainability | 128,333 | 60,000 | — | — | — | 188,333 |
| Wesley Mendonça Batista FilhoNot independent · Sustainability · Newly elected | — | — | — | — | — | — |
| Annual cash retainer | $140,000 |
|---|---|
| Annual equity retainer | $60,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 15,000 |
| Stock ownership guideline | — |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,353,333 |
| Equity awards (grant-date value) | $540,000 |
| All other compensation | $0 |
| Total cost of the board | $1,893,333 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Pilgrims Pride 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 Pilgrims Pride.
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 | Tyson Foods Inc | 2025 | Donnie King | $1,662,000 | $19,684,637 | $2,943,752 | $9,401,385 | $34,469,569 |
| 2 | Pilgrims Pride | 2025 | Fabio Sandri | 1,000,000 | 13,437,807 | 0 | 1,948,960 | 16,408,520 |
| 3 | Hormel Foods Corp | 2025 | James Snee | 1,050,000 | 2,000,013 | 1,999,770 | 1,453,000 | 7,395,224 |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Pilgrims Pride | not disclosed | not disclosed | not disclosed | not disclosed |
| Hormel Foods Corp | 66% | PSU 50 · Options 25 · RSU 25 | Yes — Relative TSR | Pearl Meyer |
| Tyson Foods Inc | 197.8% | PSU 50 · RSU 25 · Options 25 | No | Aon |
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.
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.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Fabio Sandri | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Executive Compensation”. As printed: 16,408,520. Filing ↗machine: span 406988–406998 |
| 2 | Section 01, Matthew Galvanoni | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Executive Compensation”. As printed: 4,453,012. Filing ↗machine: r5 · c18 · span 413181–413190 |
| 3 | Section 03, Fabio Sandri PSU | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 443451–443460 |
| 4 | Section 03, Fabio Sandri PSU | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 439640–439650 |
| 5 | Section 03, Fabio Sandri RSU | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 441270–441277 |
| 6 | Section 03, Matthew Galvanoni PSU | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 7 | Section 03, Matthew Galvanoni PSU | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 449355–449362 |
| 8 | Section 07, pay ratio | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “CEO Pay Ratio”. As printed: 468 : 1. Filing ↗machine: span 537798–537801 |
| 9 | Section 08, Farha Aslam | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: 225,000. Filing ↗machine: span 255764–255896 |
| 10 | Section 08, Andre Nogueira de Souza | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: 220,000. Filing ↗machine: span 264535–264841 |
| 11 | Section 08, Arquimedes A. Celis | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: 220,000. Filing ↗machine: span 260090–260396 |
| 12 | Section 08, Wallim Cruz de Vasconcellos Junior | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: 215,000. Filing ↗machine: span 268993–269299 |
| 13 | Section 08, Gilberto Tomazoni | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: 215,000. Filing ↗machine: span 267494–267800 |
| 14 | Section 08, Ajay Menon | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: 210,000. Filing ↗machine: span 263047–263353 |
| 15 | Section 08, Wesley Mendonça Batista | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: 200,000. Filing ↗machine: span 257113–257419 |
| 16 | Section 08, Raul Padilla | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: 200,000. Filing ↗machine: span 266012–266318 |
| 17 | Section 08, Joanita Karoleski | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: 188,333. Filing ↗machine: span 261572–261878 |
| 18 | Section 08, Wesley Mendonça Batista Filho | DEF 14A | 2026-04-02 | 0000802481-26-000016 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 19 | Section 06, 2026 vote | Form 8-K | 2026-05-01 | 0000802481-26-000033 | Item 5.07 · say-on-pay result. As reported: 99.55% (votes for as printed: 227,280,964). Filing ↗ |
| 20 | Section 06, 2025 vote | Form 8-K | 2025-05-01 | 0000802481-25-000066 | Item 5.07 · say-on-pay result. As reported: 94.98% (votes for as printed: 217,528,144). Filing ↗ |
| 21 | Section 06, 2023 vote | Form 8-K | 2023-05-02 | 0000802481-23-000056 | Item 5.07 · say-on-pay result. As reported: 99.48% (votes for as printed: 226,209,632). Filing ↗ |
| 22 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 23 | Section 03b vehicle mix (computed) | 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 |
| 24 | Section 09b board cost (computed) | Computed | — | computed | Cash 1,353,333 + equity 540,000 + all other 0 = 1,893,333, summed across the director compensation table rows.machine: formula: Σ = 1,893,333 |
| 25 | Tyson Foods Inc, Section 10b CEO total | DEF 14A | 2025-12-17 | 0000100493-25-000114 | CEO total compensation as printed in Tyson Foods Inc's own proxy. As printed: 34,469,569. Filing ↗machine: r6 · c54 · span 884354–884364 |
| 26 | Pilgrims Pride (subject), Section 10b CEO total | DEF 14A | 2026-04-02 | 0000802481-26-000016 | CEO total compensation as printed in Pilgrims Pride's own proxy. As printed: 16,408,520. Filing ↗machine: span 406988–406998 |
| 27 | Hormel Foods Corp, Section 10b CEO total | DEF 14A | 2025-12-17 | 0000048465-25-000074 | CEO total compensation as printed in Hormel Foods Corp's own proxy. As printed: 7,395,224. Filing ↗machine: r5 · c27 · span 586269–586278 |
| 28 | Section 10a, Tyson Foods Inc reciprocity | DEF 14A | — | 0000100493-25-000114 | Tyson Foods Inc's most recent proxy was read; its disclosed peer group does not include Pilgrims Pride. Filing ↗ |
| 29 | Section 10a, Hormel Foods Corp reciprocity | DEF 14A | — | 0000048465-25-000074 | Hormel Foods Corp's most recent proxy was read; its disclosed peer group does not include Pilgrims Pride. Filing ↗ |