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Consumer & Retail

Hormel Foods Executive Compensation (FY25)

HRL · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Jeffrey Ettinger
Median of the other named officers
$2,401,213
5 officers, excluding the chief executive
Latest say-on-pay support
=
January 27, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 6, 2026Latest filing (8-K): February 2, 2026
15 filings cited on this page
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Published by Velarion Company Intelligence
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385 figures on this page: 375 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
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 of record: James Snee → Jeffrey Ettinger
Say-on-pay support: 96.6% → 94.8% (1.8 points lower)
CEO pay ratio: 148:1 → 141:1 (4.7% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Hormel Foods' chief executive and what were they paid?
Jeffrey Ettinger, Interim Chief Executive Officer and Board Member, received $6,428,699 in total compensation for fiscal 2025.
What was Hormel Foods' say-on-pay result?
The say-on-pay proposal drew 94.8% of votes cast for or against in favor at the meeting held January 27, 2026 for fiscal 2025.
Which companies are in Hormel Foods' peer group?
Companies named in the disclosed peer group include Conagra Brands, Inc., Flowers Foods, Inc., Fresh Del Monte Produce Inc., General Mills, Inc. and The Hain Celestial Group, Inc.
What is Hormel Foods' chief executive pay ratio?
The company reported a chief executive pay ratio of 141:1 for fiscal 2025, against median employee compensation of $57,789.

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
James Snee
Chairman of the Board, President and Chief Executive Officer
◇◇◇◇◇—◇◇
Deanna Brady
Executive Vice President
◇◇◇◇◇—◇◇
Jacinth Smiley
Executive Vice President
◇◇◇◇◇◇◇◇
Lori Marco
Senior Vice President
◇◇◇◇◇—◇◇
Mark Coffey
Group Vice President
◇◇◇◇◇—◇◇
James Sheehan
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇◇——◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Snee
Chairman of the Board, President and Chief Executive Officer
◇—◇◇◇◇◇◇
Jacinth Smiley
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Deanna Brady
Executive Vice President
◇—◇◇◇◇◇◇
Kevin Myers
Senior Vice President
◇—◇◇◇◇◇◇
Mark Coffey
Group Vice President
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Snee
Chairman of the Board, President and Chief Executive Officer
◇—◇◇◇◇◇◇
Deanna Brady
Executive Vice President
◇—◇◇◇◇◇◇
Jacinth Smiley
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Kevin Myers
Senior Vice President
◇—◇◇◇◇◇◇
Colleen Batcheler
Senior Vice President
◇◇◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Snee
Former President and Chief Executive Officer
Departed during or after this year
◇—◇◇◇◇◇◇
Jeffrey Ettinger
Interim Chief Executive Officer and Board Member
Served on an interim basis
◇—◇◇◇◇◇◇
Jacinth Smiley
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇◇◇◇◇◇
John Ghingo
President and Board Member
◇—◇◇◇◇◇◇
Colleen Batcheler
Senior Vice President, External Affairs, General Counsel and Corporate Secretary
◇—◇◇◇◇◇◇
Swen Neufeldt
Group Vice President, Hormel Foods International
◇—◇◇◇◇◇◇
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
Colleen R. BatchelerRSU◇——◇——◇
Colleen R. BatchelerOPTION◇——◇—◇◇
Jacinth C. SmileyOPTION◇——◇—◇◇
Jacinth C. SmileyRSU◇——◇——◇
Jacinth C. SmileyRSU◇——◇——◇
Jacinth C. SmileyOPTION◇——◇—◇◇
James P. SneeRSU◇——◇——◇
James P. SneeOPTION◇——◇—◇◇
Jeffrey M. EttingerRSU◇——◇——◇
Jeffrey M. EttingerOPTION◇——◇—◇◇
John F. GhingoRSU◇——◇——◇
John F. GhingoRSU◇——◇——◇
John F. GhingoOPTION◇——◇—◇◇
John F. GhingoOPTION◇——◇—◇◇
Swen NeufeldtRSU◇——◇——◇
Swen NeufeldtRSU◇——◇——◇
Swen NeufeldtRSU◇——◇——◇
Swen NeufeldtOPTION◇——◇—◇◇
Swen NeufeldtOPTION◇——◇—◇◇
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
Jeffrey EttingerOption◇—◇08/5/2035
RSU◇◇——
RSU◇◇——
James SneeOption◇—◇2/3/2035
Option◇—◇2/1/2034
Option◇—◇2/1/2033
Option◇—◇2/1/2032
Jacinth SmileyOption◇—◇12/10/2034
Option◇—◇12/12/2033
Option◇—◇12/10/2034
Option◇—◇12/6/2032
RSU◇◇——
RSU◇◇——
Option◇—◇12/7/2031
RSU◇◇——
RSU◇◇——
Colleen BatchelerOption◇—◇12/10/2034
Option◇—◇6/11/2034
RSU◇◇——
RSU◇◇——
RSU◇◇——
John GhingoOption◇—◇12/10/2034
Option◇—◇08/2/2035
RSU◇◇——
RSU◇◇——
RSU◇◇——
Swen NeufeldtOption◇—◇12/10/2034
Option◇—◇12/10/2034
Option◇—◇12/12/2033
Option◇—◇12/6/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇12/7/2031
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
James Snee
Former President and Chief Executive Officer · Retirement
Severance cash amount◇
Change-in-control trigger◇
Excise tax treatment◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William A. Newlands
Board chair
◇◇———◇◇
Sally J. Smith
◇◇———◇◇
Steven A. White
◇◇———◇◇
Christopher J. Policinski
◇◇———◇◇
Gary C. Bhojwani
◇◇———◇◇
Michael P. Zechmeister
◇◇————◇
Stephen M. Lacy
◇◇————◇
Debbra L. Schoneman
◇◇————◇
Elsa A. Murano
◇◇————◇
Jeffrey M. Ettinger
◇◇————◇
D. Scott Aakre, John F. Ghingo and Prama Bhatt 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◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Conagra Brands, Inc. CAG
  • Flowers Foods, Inc. FLO
  • Fresh Del Monte Produce Inc. FDP
  • General Mills, Inc. GIS
  • The Hain Celestial Group, Inc. HAIN

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025January 27, 2026=◇◇◇
2024January 28, 2025=◇◇◇
2023January 30, 2024=◇◇◇
2022January 31, 2023=◇◇◇
2021January 25, 2022=◇◇◇
2020January 26, 2021=◇◇◇
2019January 28, 2020=◇◇◇
2018January 29, 2019=◇◇◇
2017January 30, 2018=◇◇◇
2016January 31, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- James Snee (Former President and Chief Executive Officer), FY2025 total compensation $7,395,224 (base salary $1,050,000) [exec_comp, SEC accession 0000048465-25-000074, filed 2025-12-17]

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What this page does not include

Everything above is a fact Hormel Foods disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Hormel 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.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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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.
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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.
385 figures on this page: 375 cited to the filing that reported them, 10 calculated from figures it prints.
375 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000048465-26-000006
  2. 0000048465-25-000074
    CEO Pay Ratio · COMPENSATION OF DIRECTORS · FISCAL 2025 SUMMARY COMPENSATION TABLE · Grants Of Plan-Based Awards For Fiscal 2025 · and 1 more section
  3. 0000048465-25-000002
  5. 0001104659-24-129587
    SUMMARY COMPENSATION TABLE
  6. 0000048465-24-000005
  7. 0001104659-23-127508
    SUMMARY COMPENSATION TABLE
  8. 0000048465-23-000002
  9. 0001104659-22-128851
    SUMMARY COMPENSATION TABLE
  10. 0000048465-22-000005
  11. 0000048465-21-000003
  12. 0000048465-20-000002
  13. 0000048465-19-000002
  14. 0001104659-18-005624
  15. 0001104659-17-006416
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Velarion, “Hormel Foods executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/HRL (accessed 2026).
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15 filings cited on this page
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Consumer & Retail rankings

Chief executive pay — Consumer & RetailCEO pay ratio — Consumer & RetailSay-on-pay support — Consumer & Retail

Peers Hormel Foods discloses

The companies named in HRL's own disclosed peer group.

Conagra Brands, Inc.Flowers Foods, Inc.General Mills, Inc.The Hain Celestial Group, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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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