How Palmby was paid
$1.3M in total for 2026, 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 | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| Paul L. PalmbyPresident and Chief Executive Officer | $804,583 | — | $402,291 | $81,139 | $16,955 | $1,304,968 |
| Michael S. WolcottSenior Vice President, Chief Financial Officer and Treasurer | $338,184 | $25,000 | $169,092 | $10,455 | $4,004 | $546,735 |
| Timothy R. NelsonSenior Vice President of Operations, Chief Operating Officer | $349,855 | $25,000 | $174,928 | $78,413 | $9,185 | $637,381 |
| Dean E. ErstadSenior Vice President of Sales and Marketing | $345,149 | $25,000 | $172,575 | $92,431 | $9,187 | $644,342 |
What changed and why
- $1M1304968: CEO total compensation rose from $1,012,423 in 2025.
- 3.5%3.5%: Named executive officers generally received base-salary increases in May 2025.
- 50%402291: CEO non-equity incentive compensation reflected a 50% bonus payment under the profit-sharing plan.
- 25000: Each non-CEO named executive officer received a restricted-stock award.
- $80,23516:1: CEO-to-median-employee pay ratio, based on median compensation of $80,235.
- 99%Over 99%: Votes cast supported named executive officer compensation at the 2023 annual meeting.
Other Seneca Foods proxy statements
- 2025 proxy statement
Paul L. Palmby paid $1M (-15% on the year), pay ratio 14:1.
Filed Jul 07, 2025
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.