Alan D. Wilson is the Chief Executive Officer of McCormick & Company, a role he has held since January 1, 2008. Under his leadership, McCormick has focused heavily on performance-based compensation, aligning executive pay with the company’s financial goals. In...

Current Market Cap

$20.23B

Number of Employees

13.8K

Total Compensation

2019 - 2023

Trending down by -32.15% last year
Showing total compensation for the last 2019 - 2023

Stock

Up by 0.00% last year

Salary

Down by -12.00% last year

Bonus

Down by -100.00% last year

Other

Down by -70.59% last year

Year

2023

Total Compensation

$1.24M

Salary

$1.10M

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with the company's long-term financial goals and stockholder interests.

Bonus

$0.00

Board Justification

No annual cash bonus was awarded for fiscal year 2023 due to performance metrics not being met.

Other

$138.99K

Board Justification

Other compensation includes executive auto allowance, executive benefit allowance, financial counseling, and employer matching funds under the 401(k) plan.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the performance conditions were not met for the fiscal year.

Performance Metrics

Performance metrics for 2023 included adjusted EPS growth, net sales, and McCormick Profit, which were not met to the extent required for bonuses or stock awards.

SEC Filing

From February 15, 2024