Jayson Penn was the CEO of Pilgrim's Pride Corporation from 2019 until 2020, a significant player in the chicken processing industry. His time at the helm was marked by challenges, including a paid leave of absence due to legal issues...

Number of Employees

61.2K

Year

2020

Total Compensation

$2.36M

Salary

$720.00K

Board Justification

The compensation philosophy is designed to align executive compensation with company performance and market competitiveness, while rewarding sustained financial and operational performance.

Bonus

$0.00

Board Justification

Mr. Penn was on a paid leave of absence for part of 2020 and forfeited his right to the STIP for 2020, receiving no bonus.

Other

$3.67K

Board Justification

Includes group-term life insurance, company 401(k) match, and allowances.

Restricted Stock

$1.64M(108.87K RSU)

Board Justification

Mr. Penn had previously been granted 100,000 time-vesting RSUs that vested on July 1, 2020, which were settled in cash in lieu of shares of common stock.

Performance Metrics

The performance metrics for the CEO's compensation were based on the company's profitability and performance relative to peers.

SEC Filing

From March 29, 2021

Jayson Penn

Ex-CEO of Pilgrim's Pride Corporation

JP

Education

Not specified

Field of Expertise

- Not Specified

Born

Invalid Date - 0 years ago

Is Founder?

No

Tenure

3 years 7 months (Feb 2017 - Sep 2020)

Previous Experience

Not specified