Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-04-22

Seaboard (SEB)

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.

$3,109,712
Edward Gonzalez total, FY2025
CEO pay percentile vs peers
CEO-to-median pay ratio
92.65%
Say-on-pay support, latest vote
Companies that benchmark against SEB
No companies currently name SEB as a compensation peer in their most recent disclosure.

This is the complete answer, not a partial one — the list is never padded.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Edward Gonzalez$670,000$2,100,000$0$0$0$173,580$166,132$3,109,712
President, Seaboard Marine Ltd.
David Rankin556,000700,000000513,805107,5791,877,384
Executive Vice President, Chief Financial Officer
Jacob Bresky491,0001,000,0000000113,3621,604,362
President, Seaboard Overseas Trading Group
Chad Groves525,000945,0000000119,0771,589,077
President, Seaboard Foods LLC

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
Edward Gonzalez$3,109,712
David Rankin1,877,384
Jacob Bresky1,604,362
Chad Groves1,589,077

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.

05

Incentive-plan design — the Compensation Discussion & Analysis

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultant
Clawback policy
Anti-hedging
Anti-pledging
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-04-20832,49066,0622,51092.65%Passed
20232023-04-241,055,63057,17093394.86%Passed
20202020-04-271,107,3135,0623,10299.54%Passed
20172017-04-241,119,9504,7581,07699.58%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
20262026-04-2092.65%a
20232023-04-2494.86%b
20202020-04-2799.54%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
Ellen S. BreskyNot independent · Board Chair$150,000$115,021$265,021
Douglas W. BaenaIndependent · Audit (Chair)130,0000130,000
David A. AdamsenIndependent · Audit90,000090,000
Frances B. ShifmanIndependent · Audit90,000090,000
Paul M. SquiresIndependent80,000080,000
09

Board fee structure and ownership guideline

Annual cash retainer$80,000
Annual equity retainer
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)40,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$540,000
Equity awards (grant-date value)$0
All other compensation$115,021
Total cost of the board$655,021

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

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
1Seaboard2025Edward Gonzalez$670,000$0$0$0$3,109,712

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.

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, Edward GonzalezDEF 14A2026-03-060000088121-26-000025Section “Executive Compensation”. As printed: 3,109,712. Filing ↗
2Section 01, David RankinDEF 14A2026-03-060000088121-26-000025Section “Executive Compensation”. As printed: 1,877,384. Filing ↗
3Section 01, Jacob BreskyDEF 14A2026-03-060000088121-26-000025Section “Executive Compensation”. As printed: 1,604,362. Filing ↗
4Section 01, Chad GrovesDEF 14A2026-03-060000088121-26-000025Section “Executive Compensation”. As printed: 1,589,077. Filing ↗
5Section 08, Ellen S. BreskyDEF 14A2026-03-060000088121-26-000025Section “Director Compensation”. As printed: 265,021. Filing ↗machine: span 182145–182152
6Section 08, Douglas W. BaenaDEF 14A2026-03-060000088121-26-000025Section “Director Compensation”. As printed: 130,000. Filing ↗machine: span 183127–183134
7Section 08, David A. AdamsenDEF 14A2026-03-060000088121-26-000025Section “Director Compensation”. As printed: 90,000. Filing ↗machine: span 186180–186186
8Section 08, Frances B. ShifmanDEF 14A2026-03-060000088121-26-000025Section “Director Compensation”. As printed: 90,000. Filing ↗
9Section 08, Paul M. SquiresDEF 14A2026-03-060000088121-26-000025Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 192365–192371
10Section 06, 2026 voteForm 8-K2026-04-220000088121-26-000031Item 5.07 · say-on-pay result. As reported: 92.65% (votes for as printed: 832,490). Filing ↗
11Section 06, 2023 voteForm 8-K2023-04-270000088121-23-000048Item 5.07 · say-on-pay result. As reported: 94.86% (votes for as printed: 1,055,630). Filing ↗
12Section 06, 2020 voteForm 8-K2020-04-280000088121-20-000040Item 5.07 · say-on-pay result. As reported: 99.54% (votes for as printed: 1,107,313). Filing ↗
13Section 09b board cost (computed)ComputedcomputedCash 540,000 + equity 0 + all other 115,021 = 655,021, summed across the director compensation table rows.machine: formula: Σ = 655,021
14Seaboard (subject), Section 10b CEO totalDEF 14A2026-03-060000088121-26-000025CEO total compensation as printed in Seaboard's own proxy. As printed: 3,109,712. Filing ↗