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Consumer & Retail

Hershey Executive Compensation (FY25)

HSY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Kirk Tanner
Median of the other named officers
$9,051,945
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 5, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): May 8, 2026
11 filings cited on this page
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322 figures on this page: 316 cited to the filing that reported them, 6 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: Michele Buck → Kirk Tanner
CEO pay ratio: 281:1 → 389:1 (38.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Hershey's chief executive and what were they paid?
Total compensation for Kirk Tanner, President and CEO, came to $16,806,399 in fiscal 2025.
What was Hershey's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 96.6% support at the meeting held May 5, 2026.
Which companies are in Hershey's peer group?
The disclosed peer group names Church & Dwight Co., Inc., Colgate-Palmolive Company, ConAgra Brands, Inc., General Mills, Inc. and Hormel Foods Corporation, among others.
What is Hershey's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 389:1, against median employee compensation of $64,007.

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
Michele Buck
Chairman of the Board, President and Chief Executive Officer
◇—◇—◇—◇◇
Steven Voskuil
Senior Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Charles Raup
Former President, U.S. Confection
◇—◇—◇—◇◇
Kristen Riggs
Former President, Salty Snacks and Chief Growth Officer
◇—◇—◇—◇◇
Jason Reiman
Senior Vice President, Chief Supply Chain Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michele Buck
Chairman of the Board, President and Chief Executive Officer
◇—◇—◇◇◇◇
Deepak Bhatia
Senior Vice President, Chief Technology Officer
◇◇◇—◇—◇◇
Steven Voskuil
Senior Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Kristen Riggs
President, U.S. Confection
◇—◇—◇◇◇◇
Charles Raup
Former President, U.S. Confection
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michele Buck
Chairman of the Board, President and Chief Executive Officer
◇—◇——◇◇◇
Michelle Buck
Former Executive Vice President, Chief Growth Officer
Departed during or after this year
◇—◇—◇—◇◇
Del Pozzo
Former President, U.S. Confection
Departed during or after this year
◇◇◇———◇◇
Steven Voskuil
Senior Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Deepak Bhatia
Senior Vice President, Chief Technology Officer
◇◇◇—◇—◇◇
Kristen Riggs
President, U.S. Confection
◇—◇—◇◇◇◇
Charles Raup
Former President, U.S. Confection
Departed during or after this year
◇—◇—◇—◇◇
Jason Reiman
Senior Vice President, Chief Supply Chain Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kirk Tanner
President and CEO
◇—◇—◇—◇◇
Michele Buck
Special Advisor; Former Chairman of the Board, President and CEO
Departed during or after this year
◇◇◇—◇—◇◇
Andrew Archambault
President U.S.
◇◇◇—◇—◇◇
Steven Voskuil
Senior Vice President, CFO
◇—◇—◇—◇◇
Jason Reiman
Senior Vice President, Chief Supply Chain Officer
◇—◇—◇◇◇◇
Deepak Bhatia
Senior Vice President, Chief Technology 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
Andrew ArchambaultPSU◇— withheld◇◇◇—◇
Deepak BhatiaPSU◇— withheld◇◇◇—◇
Jason ReimanPSU◇— withheld◇◇◇—◇
Kirk TannerPSU◇— withheld◇◇◇—◇
Kirk TannerPSU◇◇◇—◇—◇
Michele BuckPSU◇◇◇◇◇—◇
Steven VoskuilPSU◇— withheld◇◇◇—◇
Fiscal 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
Kirk TannerPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Michele BuckPSU◇◇——
RSU◇◇——
PSU◇◇——
Andrew ArchambaultRSU◇◇——
PSU◇◇——
Steven VoskuilRSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Deepak BhatiaPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Jason ReimanRSU◇◇——
PSU◇◇——
PSU◇◇——
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.
Kirk Tanner
President and CEO · Employment agreement · dated July 7, 2025
Severance multiple◇
Severance base◇
Benefits continuation◇
Andrew Archambault
President U.S. · Severance agreement
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Deepak Bhatia
Senior Vice President, Chief Technology Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Jason Reiman
Senior Vice President, Chief Supply Chain Officer · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Steven Voskuil
Senior Vice President, CFO · Terms as described in the company’s compensation discussion
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Huong Maria T. Kraus
Board chair
◇◇———◇◇
Mary Kay Haben
◇◇———◇◇
Kevin M. Ozan
◇◇————◇
Cordel Robbin-Coker
◇◇————◇
Juan R. Perez
◇◇———◇◇
Deirdre A. Mahlan
◇◇————◇
Timothy W. Curoe
◇◇———◇◇
Harold Singleton III
◇◇———◇◇
Barry J. Nalebuff
◇◇———◇◇
Marie Quintero-Johnson
◇◇————◇
Victor L. Crawford
◇◇————◇
Robert M. Malcom
◇◇———◇◇
Christopher W. Brandt
◇◇————◇
M. Diane Koken
◇◇———◇◇
Anthony J. Palmer
◇◇———◇◇
Kirk Tanner and Guy Persaud 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◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Church & Dwight Co., Inc. CHD
  • Colgate-Palmolive Company CL
  • ConAgra Brands, Inc. CAG
  • General Mills, Inc. GIS
  • Hormel Foods Corporation HRL
  • Keurig Dr Pepper, Inc. KDP
  • Kimberly-Clark Corporation KMB
  • Lamb Weston Holdings, Inc. LW
  • McCormick & Company, Inc. MKC
  • Mondelez International, Inc. MDLZ
  • The Campbell's Company CPB
  • The Clorox Company CLX
  • The J.M. Smucker Company SJM
  • The Kraft Heinz Company KHC
TSR Peer Group
  • The Hain Celestial Group, Inc. HAIN

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 5, 2026=◇◇◇
2024May 6, 2025=◇◇◇
2023May 6, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 17, 2021=◇◇◇

Chief executive pay ratio

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

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Sample answer — “What is the CEO’s total compensation?”
- Kirk Tanner (President and CEO), FY2025 total compensation $16,806,399 (base salary $456,731) [exec_comp, SEC accession 0001628280-26-021065, filed 2026-03-25]

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What this page does not include

Everything above is a fact Hershey disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Hershey 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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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.
322 figures on this page: 316 cited to the filing that reported them, 6 calculated from figures it prints.
316 cited to the filing
6 calculated from the filing

Documents cited

  1. 0001628280-26-032947
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0001628280-26-021065
    CEO Pay Ratio · Compensation Discussion and Analysis · Grants of Plan-Based Awards Table · Non-Employee Director Compensation · and 2 more sections
  3. 0000047111-25-000095
    EX-10.21
  4. 0000047111-25-000050
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  5. 0000047111-25-000035
    2024 Summary Compensation Table · Summary Compensation Table
  6. 0000047111-24-000030
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000047111-24-000014
    Summary Compensation Table
  8. 0000047111-23-000051
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000047111-23-000021
    Summary Compensation Table
  10. 0000047111-22-000037
  11. 0000047111-21-000036
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Velarion, “Hershey executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/HSY (accessed 2026).
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11 filings cited on this page
Method: intel.velarion.ai/methodology
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Consumer & Retail rankings

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

Peers Hershey discloses

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

Church & Dwight Co., Inc.Colgate-Palmolive CompanyConAgra Brands, Inc.General Mills, Inc.Hormel Foods CorporationKeurig Dr Pepper, Inc.Kimberly-Clark CorporationLamb Weston Holdings, Inc.McCormick & Company, Inc.Mondelez International, Inc.The Campbell's CompanyThe Clorox CompanyThe J.M. Smucker CompanyThe Kraft Heinz CompanyThe 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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