How Smith was paid
$19.3M in total for 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 | Bonus | Stock | Options | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|---|---|
| C. Shane SmithChief Executive Officer | $1,500,000 | $1,855,000 | $4,550,112 | $2,716,705 | $6,416,928 | $2,245,908 | $52,895 | $19,337,548 |
| Mark L. HallChief Financial Officer | $1,000,000 | $1,225,000 | $2,575,056 | $1,658,354 | $3,208,464 | $1,630,571 | $19,759 | $11,317,204 |
| Steven J. FrancePresident, Packaged Meats | $1,000,000 | $1,610,000 | $2,772,648 | $1,724,218 | $3,669,512 | $3,008,575 | $36,234 | $13,821,187 |
| Keller D. WattsChief Business Officer | $1,000,000 | $1,400,000 | $2,575,056 | $1,658,354 | $3,208,464 | $3,510,402 | $28,531 | $13,380,807 |
| Doug SuttonChief Manufacturing Officer | $1,000,000 | $1,400,000 | $2,575,056 | $1,658,354 | $3,208,464 | $3,330,500 | $42,388 | $13,184,762 |
What changed and why
- $19.3MChief executive officer total compensation increased to $19,337,548 in fiscal year 2025 compared to $14,902,423 in the prior year.
- Base salaries for all named executive officers remained unchanged from 2024 levels.
- Performance-based incentives were tied to Normalized Net Income and Total Meat Sales Volume.
- 80%Target performance-based compensation constituted approximately 80% of total target compensation.
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.