J M Smucker (SJM) executive compensation, 2025 proxy

Mark Smucker, Chief Executive Officer and Chair of the Board, was paid $11M in 2025, up 6% from $10.4M the year before. The CEO-to-median-employee pay ratio was 138:1, on median employee pay of $79,561.

Filed
June 27, 2025
Annual meeting
August 13, 2025
Pay year
2025
Named executives
5
CEO total pay
$11M+6% vs prior year
CEO to median employee
138:1median $79,561
CEO pay in equity
60%$6.5M in awards
Prior say-on-pay support
94%of votes cast
Adjusted EPS
$10.12104% of target
Performance units vested
82.5%Granted in June 2022
Brase special award
$4,038,650Five-year vesting
Marshall special award
$2,538,580Five-year vesting

How Smucker was paid

$11M 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

ExecutiveTotal
Mark SmuckerChief Executive Officer and Chair of the Board$10,976,383
Tucker MarshallChief Financial Officer$5,577,181
John BrasePresident and Chief Operating Officer$7,886,876
Jeannette KnudsenChief Legal Officer and Secretary$2,618,181
Jill PenroseChief People and Company Services Officer$2,200,099

What changed and why

  • 74%74% to 87% of target principal compensation was variable and tied to financial and strategic performance.
  • $4M$4,038,650 special restricted stock award recognized John Brase’s promotion to President and Chief Operating Officer.
  • $2.5M$2,538,580 special restricted stock award supported business continuity and stability for Tucker Marshall.
  • 104%$10.12 adjusted earnings per share achieved 104% of the target amount for long-term incentive awards.
  • 0%0% of target was achieved for the return on invested capital portion of long-term incentive awards.
  • 82.5%82.5% of performance units granted in June 2022 vested in June 2025.

Other J M Smucker proxy statements

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.