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Flowers Foods Executive Compensation (FY25)

FLO · Thomasville, GA · Executive and director compensation, fiscal 2022 to 2025

The paid brief on Flowers Foods

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 20, 2026Latest filing (8-K): June 2, 2026
15 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Flowers Foods brief$1,500Get the executive brief
374 figures on this page: 363 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
A. Ryals McMullian
Median of the other named officers
$2,110,057
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 29, 2026
Chief executive pay ratio
◇
To the median employee

More on Flowers Foods

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — A. Ryals McMullian: $7,944,533 → $7,776,698 (2.1% lower)
Say-on-pay support: 96.9% → 84.4% (12.5 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Flowers Foods' chief executive and what were they paid?
Total compensation for A. Ryals McMullian, Chairman and Chief Executive Officer, came to $7,776,698 in fiscal 2025. McMullian's total was 2.1% lower than the $7,944,533 reported for fiscal 2024.
What was Flowers Foods' say-on-pay result?
The say-on-pay proposal drew 84.4% of votes cast for or against in favor at the meeting held May 29, 2026 for fiscal 2025.
What is Flowers Foods' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 104.1:1, against median employee compensation of $74,983.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
A. Ryals McMullian
President and Chief Executive Officer
◇—◇—◇◇◇◇
R. Steve Kinsey
Chief Financial Officer and Chief Accounting Officer
◇—◇—◇◇◇◇
Bradley K. Alexander
Former Chief Operating Officer
Departed during or after this year
◇—◇—◇◇◇◇
D. Keith Wheeler
Chief Sales Officer
◇—◇—◇◇◇◇
Stephanie B. Tillman
Chief Legal Counsel
◇—◇—◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
A. Ryals McMullian
Chairman and Chief Executive Officer
◇—◇—◇◇◇◇
Terry S. Thomas
Chief Growth Officer
◇◇◇—◇—◇◇
R. Steve Kinsey
Chief Financial Officer and Chief Accounting Officer
◇—◇—◇◇◇◇
Heeth Varnedoe IV
President and Chief Operating Officer
◇—◇—◇◇◇◇
D. Keith Wheeler
Former Senior Advisor and Former Chief Sales Officer
Departed during or after this year
◇—◇—◇◇◇◇
Stephanie B. Tillman
Chief Legal Counsel
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
A. Ryals McMullian
Chairman and Chief Executive Officer
◇—◇—◇◇◇◇
Terry S. Thomas
Chief Growth Officer
◇◇◇—◇—◇◇
R. Steve Kinsey
Chief Financial Officer
◇—◇—◇◇◇◇
Heeth Varnedoe IV
President and Chief Operating Officer
◇—◇—◇◇◇◇
Stephanie B. Tillman
Chief Legal Counsel
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
A. Ryals McMullian
Chairman and Chief Executive Officer
◇—◇—◇◇◇◇
R. Steve Kinsey
Former Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
Heeth Varnedoe IV
President and Chief Operating Officer
◇—◇—◇◇◇◇
Terry Thomas
Chief Growth Officer
◇—◇—◇◇◇◇
Stephanie Tillman
Chief Legal Counsel
◇—◇—◇◇◇◇
D. Anthony Scaglione
Chief Financial Officer
◇—◇—◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
A. Ryals McMullianRSU◇——◇——◇
A. Ryals McMullianPSA◇◇◇—◇—◇
A. Ryals McMullianPSA◇◇◇—◇—◇
D. Anthony ScaglioneRSU◇——◇——◇
Heeth Varnedoe IVRSU◇——◇——◇
Heeth Varnedoe IVPSA◇◇◇—◇—◇
Heeth Varnedoe IVPSA◇◇◇—◇—◇
R. Steve KinseyPSA◇◇◇—◇—◇
R. Steve KinseyRSU◇——◇——◇
R. Steve KinseyPSA◇◇◇—◇—◇
Special Time-BasedRSU◇——◇——◇
Stephanie TillmanRSU◇——◇——◇
Stephanie TillmanPSA◇◇◇—◇—◇
Stephanie TillmanPSA◇◇◇—◇—◇
Terry ThomasPSA◇◇◇—◇—◇
Terry ThomasRSU◇——◇——◇
Terry ThomasPSA◇◇◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
R. Steve KinseyPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Stephanie TillmanPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Heeth Varnedoe IVPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Terry ThomasPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A. Ryals McMullianPSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
D. Anthony ScaglioneRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Thomas C. Chubb III
◇◇————◇
Margaret G. Lewis
◇◇——◇—◇
James T. Spear
◇◇————◇
Rhonda O. Gass
◇◇——◇—◇
Edward J. Casey Jr
◇◇————◇
Brigitte H. King
◇◇——◇—◇
W. Jameson McFadden
◇◇————◇
Melvin T. Stith, Ph.D
◇◇———◇◇
Joanne D. Smith
◇◇——◇—◇
George E. Deese
◇◇————◇
Sterling A. Spainhour
◇◇————◇
C. Martin Wood III
◇—————◇
A. Ryals McMullian served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Deferred Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • D. Anthony Scaglione symbol not shown

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 29, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 25, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 27, 2021=◇◇◇
2019May 21, 2020=◇◇◇
2018May 23, 2019=◇◇◇
2017May 24, 2018=◇◇◇
2016May 25, 2017=◇◇◇
2015May 26, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Flowers Foods disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Flowers Foods sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
374 figures on this page: 363 cited to the filing that reported them, 11 calculated from figures it prints.
363 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-253700
  2. 0001104659-26-043025
    Director Compensation · FISCAL 2025 GRANTS OF PLAN-BASED AWARDS · FISCAL 2025 SUMMARY COMPENSATION TABLE · Grants of Plan-Based Awards · and 3 more sections
  3. 0000950170-25-078720
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001104659-25-032943
    Compensation Tables · FISCAL 2024 SUMMARY COMPENSATION TABLE
  5. 0000950170-24-066289
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001104659-24-045106
    Fiscal 2023 Summary Compensation Table · Summary Compensation Table
  7. 0001193125-23-158703
  8. 0001193125-23-097401
    FISCAL 2022 SUMMARY COMPENSATION TABLE
  9. 0001193125-22-164040
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-21-179867
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-20-154110
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-19-159472
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-18-176789
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-17-185229
  15. 0001193125-16-663566
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Flowers Foods executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FLO (accessed 2026).
Short form: data: Velarion

The paid brief for Flowers Foods

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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