Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-08-11

Seneca Foods (SENEA)

CEO Paul Palmby was paid $1,304,968 in fiscal year 2026, ↑ up 28.9% from fiscal year 2025 (SEC filing 0001437749-26-022933 ↗): 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.

$1,304,968 ↑
Paul Palmby total, FY2026
—
CEO pay percentile vs peers
16:1
CEO-to-median pay ratio
99.3%
Say-on-pay support, latest vote

Track this company's pay every filing: join the Pro seat waitlist

Velarion Pro: every company page, peer tools and exports, one seat

A confirmation now and one email when Pro opens, and nothing else. Privacy

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Paul Palmby (President and Chief Executive Officer), FY2026 total compensation $1,304,968 (base salary $804,583) [exec_comp, SEC accession 0001437749-26-022933, filed 2026-07-07]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

SENEA's next annual pay disclosure, estimated July 7, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Paul Palmby$804,583$0$0$0$402,291$81,139$16,955$1,304,968
President and Chief Executive Officer
Dean Erstad345,149025,0000172,57592,4319,187644,342
Senior Vice President
Timothy Nelson349,855025,0000174,92878,4139,185637,381
Senior Vice President of Operations, Chief Operating Officer
Michael Wolcott338,184025,0000169,09210,4554,004546,735
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 officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
Paul Palmby$1,304,968$1,012,423$1,195,063↑ +292,545
Dean Erstad644,342514,107586,504↑ +130,235
Timothy Nelson637,381514,744598,311↑ +122,637
Michael Wolcott546,735427,546499,632↑ +119,189

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

You have just read Seneca Foods's Summary Compensation Table. The whole free brief as a PDF, emailed now, with every figure cited — then a few short notes on the deeper SENEA reports.

We send the PDF right away, then up to three short notes. Reply “unsubscribe” to any of them, any time.

How we handle your data → Privacy

Companies that benchmark against SENEA
3 companies name SENEA as a compensation peer

Each company listed discloses SENEA 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 SENEA in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01b

Executives — the chief executive

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2026 total
Paul PalmbyCEO$1,304,968
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2026 total
Bruce E. WareIndependent Director$80,000
Donald J. StuartIndependent Director$80,000
John P. GaylordIndependent Director$80,000
Kathryn J. BoorIndependent Director$80,000
Keith A. WoodwardIndependent Director$80,000
Kraig H. KayserChair of the Board$80,000
Linda K. NelsonIndependent Director$80,000
Peter R. CallDirector$80,000
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 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Timothy R. NelsonRSU2025-08-07——243—$25,000
Michael WolcottRSU2025-08-07——243—25,000
Dean ErstadRSU2025-08-07——243—25,000
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Timothy R. Nelson$25,000$0$00.0%
Michael Wolcott25,000000.0%
Dean Erstad25,000000.0%

% 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 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
NelsonRSU980—$148,098
Dean ErstadRSU980—148,098
Michael WolcottRSU869—131,323
05

Incentive-plan design — the Compensation Discussion & Analysis

The Company's compensation philosophy is to value the contribution of employees and share profits through broad-based incentive arrangements designed to reward performance and motivate collective achievement of strategic objectives. The primary objectives are to attract and retain highly-qualified executives, motivate them to achieve business objectives, reward individual and collective contributions, and align their interests with the long-term interests of shareholders.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultant—
Clawback policytrue
Anti-hedgingfalse
Anti-pledgingfalse
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-08-062,039,83514,4634,03699.3%Passed
20232023-08-092,323,7979,6806,07199.59%Passed
20212021-08-112,889,99337893199.99%Passed
20202020-08-182,589,3574,3245,57599.83%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
20262026-08-0699.3%a
20232023-08-0999.59%b
20212021-08-1199.99%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.

07

CEO pay ratio

Ratio (CEO : median employee)16 : 1
CEO total compensation$1,304,968
Median employee compensation$80,235
08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Peter R. CallNot independent$80,000————$80,000
Kathryn J. BoorIndependent · Compensation · Corporate Governance and Nominating (Chair)80,000————80,000
Donald J. StuartIndependent80,000————80,000
Bruce E. WareIndependent · Audit · Corporate Governance and Nominating80,000————80,000
Keith A. WoodwardIndependent · Audit (Chair) · Compensation80,000————80,000
Linda K. NelsonIndependent · Audit80,000————80,000
Kraig H. KayserIndependent · Board Chair80,000————80,000
John P. GaylordIndependent · Compensation (Chair) · Corporate Governance and Nominating80,000————80,000
Paul L. PalmbyEmployee director—————0
09

Board fee structure and ownership guideline

Annual cash retainer$20,000
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
09b

Total cost of the board

ComponentFY2026
Cash retainers and fees$640,000
Equity awards (grant-date value)$0
All other compensation$0
Total cost of the board$640,000

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
1Seneca Foods2026Paul Palmby$804,583$0$0$402,291$1,304,968

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.

10d

Frequently asked questions

Who was the highest-paid executive at Seneca Foods in fiscal 2026?
As disclosed, Paul Palmby (President and Chief Executive Officer) was the highest-paid executive at Seneca Foods in fiscal 2026, with total compensation of $1,304,968.
What is Seneca Foods's CEO-to-median employee pay ratio?
As disclosed, Seneca Foods's CEO-to-median employee pay ratio was 16:1.
How did shareholders vote on Seneca Foods's executive compensation?
As disclosed, 99.3% of shareholders supported Seneca Foods's executive compensation in the latest say-on-pay vote.
How much does Seneca Foods spend in total on board compensation for fiscal 2026?
As disclosed, Seneca Foods reported total board compensation of $640,000 for fiscal 2026.

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.

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, Paul PalmbyDEF 14A2026-07-070001437749-26-022933Section “Summary Compensation Table” · page 14. As printed: 1,304,968. Filing ↗machine: span 190773–190782
2Section 01, Dean ErstadDEF 14A2026-07-070001437749-26-022933Section “Summary Compensation Table” · page 14. As printed: 644,342. Filing ↗machine: span 235554–235561
3Section 01, Timothy NelsonDEF 14A2026-07-070001437749-26-022933Section “Summary Compensation Table” · page 14. As printed: 637,381. Filing ↗machine: span 220582–220589
4Section 01, Michael WolcottDEF 14A2026-07-070001437749-26-022933Section “Summary Compensation Table” · page 14. As printed: 546,735. Filing ↗machine: span 205605–205612
5Section 03, Timothy R. Nelson RSUDEF 14A2026-07-070001437749-26-022933Section “Grants of Plan-Based Awards in Fiscal Year 2026” · grants of plan-based awards table. Filing ↗
6Section 03, Michael Wolcott RSUDEF 14A2026-07-070001437749-26-022933Section “Grants of Plan-Based Awards in Fiscal Year 2026” · grants of plan-based awards table. Filing ↗machine: span 233506–233512
7Section 03, Dean Erstad RSUDEF 14A2026-07-070001437749-26-022933Section “Grants of Plan-Based Awards in Fiscal Year 2026” · grants of plan-based awards table. Filing ↗
8Section 07, pay ratioDEF 14A2026-07-070001437749-26-022933Section “CEO Pay Ratio”. As printed: 16 : 1. Filing ↗
9Section 08, Peter R. CallDEF 14A2026-07-070001437749-26-022933Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 485237–485243
10Section 08, Kathryn J. BoorDEF 14A2026-07-070001437749-26-022933Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 484328–484334
11Section 08, Donald J. StuartDEF 14A2026-07-070001437749-26-022933Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 487971–487977
12Section 08, Bruce E. WareDEF 14A2026-07-070001437749-26-022933Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 488880–488886
13Section 08, Keith A. WoodwardDEF 14A2026-07-070001437749-26-022933Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 489793–489799
14Section 08, Linda K. NelsonDEF 14A2026-07-070001437749-26-022933Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 487059–487065
15Section 08, Kraig H. KayserDEF 14A2026-07-070001437749-26-022933Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 483417–483423
16Section 08, John P. GaylordDEF 14A2026-07-070001437749-26-022933Section “Director Compensation”. As printed: 80,000. Filing ↗machine: span 486148–486154
17Section 08, Paul L. PalmbyDEF 14A2026-07-070001437749-26-022933Section “Director Compensation”. As printed: 0. Filing ↗
18Section 06, 2026 voteForm 8-K2026-08-110001437749-26-027008Item 5.07 · say-on-pay result. As reported: 99.3% (votes for as printed: 2,039,835). Filing ↗
19Section 06, 2023 voteForm 8-K2023-08-140001437749-23-023674Item 5.07 · say-on-pay result. As reported: 99.59% (votes for as printed: 2,323,797). Filing ↗
20Section 06, 2021 voteForm 8-K2021-08-110001437749-21-019470Item 5.07 · say-on-pay result. As reported: 99.99% (votes for as printed: 2,889,993). Filing ↗
21Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
22Section 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).machine: formula: sums + PSU ratio
23Section 09b board cost (computed)Computed——Cash 640,000 + equity 0 + all other 0 = 640,000, summed across the director compensation table rows.machine: formula: Σ = 640,000
24Seneca Foods (subject), Section 10b CEO totalDEF 14A2026-07-070001437749-26-022933CEO total compensation as printed in Seneca Foods's own proxy. As printed: 1,304,968. Filing ↗machine: span 190773–190782

The Pay Desk — the free weekly executive pay briefing, one company at a time, every number traceable to a public filing.

You'll confirm on The Pay Desk's sign-up page.