How Ettinger was paid
$6.4M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|
| Jeffrey M. EttingerInterim Chief Executive Officer and Board Member | $323,077 | $1,800,022 | $3,825,000 | $380,769 | $35,012 | $64,819 | $6,428,699 |
| James P. SneeFormer President and Chief Executive Officer | $1,050,000 | $2,000,013 | $1,999,770 | $1,453,000 | $551,126 | $341,315 | $7,395,224 |
| Jacinth C. SmileyFormer Executive Vice President and Chief Financial Officer | $606,731 | $715,018 | $715,101 | $521,800 | $87,319 | $84,181 | $2,730,149 |
| John F. GhingoPresident and Board Member | $561,923 | $515,424 | $515,498 | $534,474 | $105,120 | $168,774 | $2,401,213 |
| Colleen R. BatchelerSenior Vice President, External Affairs, General Counsel and Corporate Secretary | $561,346 | $485,032 | $484,930 | $437,600 | $46,667 | $180,289 | $2,195,864 |
| Swen NeufeldtGroup Vice President, Hormel Foods International | $363,077 | $475,051 | $325,108 | $276,738 | $94,754 | $48,353 | $1,583,080 |
What changed and why
- $6.4MJeffrey M. Ettinger served as interim chief executive officer with total compensation of $6,428,699 for fiscal 2025.
- $7.4MJames P. Snee received total compensation of $7,395,224 prior to stepping down as president and chief executive officer.
- 96%More than 96 percent of shares voted in favor of executive compensation at the prior annual meeting.
- Relative total shareholder return was below threshold, resulting in no payout under the long-term incentive plan.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.