Sundar PichaiSundar Pichai earned $164M in 2023

Richard K. Smucker served as the CEO of The J.M. Smucker Company from 2011 until August 2022, playing a critical role in leading this iconic food company known for brands like Jif and Crisco. He holds a Bachelor's degree from...

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Richard K. Smucker

Ex-CEO of The J.M. Smucker Company

Education

Bachelor's degree from the University of Akron

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

October 5, 1950 - 74 years ago

CEO of The J.M. Smucker Company for

11 years 0 months (Aug 2011 - Aug 2022)

Previous Experience

Co-Chief Executive Officer and Executive Chairman

Holdings

See how much did Richard K. Smucker make over time.

Richard K. Smucker's holdings in The J.M. Smucker Company have seen significant fluctuations over the years. For instance, in late 2019, his net worth tied to Smucker’s shares was around $266.20 million. This number experienced minor dips before peaking at...

Mar 17, 2025

Total Stock Sold

$17.84M

SJM

$17.70M

117,243 SJM shares

SHW

$140.32K

10,500 SHW shares

What if they kept their stock?

If Richard K. Smucker didn't sell their stock, today they would have:
Extra SJM117,243 shares worth $13.31M and SHW10,500 shares worth $1.85M.
This is -15% and $2.68M less than what they got when they sold the stock.

Charitable Transactions

SJM

170,314 shares

SJM

Recent Charitable Transactions

SJM

300 shares

SJM

Dec 21, 2023

Charity

SJM

1,400 shares

SJM

Dec 17, 2021

Charity

SJM

1,200 shares

SJM

Dec 17, 2019

Charity

SJM

1,200 shares

SJM

Dec 17, 2018

Charity

SJM

25,630 shares

SJM

Apr 30, 2017

Charity

SJM

3,045 shares

SJM

Jun 8, 2016

Charity

Insider Trading

See recent insider trades of Richard K. Smucker.

SJM

4,958 shares

SJM

Jun 13, 2024

Received

SJM

300 shares

SJM

Dec 21, 2023

Charity

SJM

300 shares

SJM

Dec 21, 2023

Charity

SJM

$2.97M

SJM at $151.95/share

Jun 22, 2023

Sale

SJM

4,726 shares

SJM

Jun 16, 2023

Received

SJM

$7.93M

SJM at $154.27/share

Mar 24, 2023

Sale

SJM

$3.95M

SJM at $150.04/share

Mar 7, 2023

Sale

SJM

$2.85M

SJM at $142.28/share

Aug 26, 2022

Sale

SJM

6,703 shares

SJM

Jun 15, 2022

Received

SJM

700 shares

SJM

Dec 17, 2021

Charity

Compensation History

See how much did Richard K. Smucker make over time.

In 2022, Richard K. Smucker's total compensation reached $11.3 million, a significant increase from previous years, marking a high point in his tenure as CEO. This package included a base salary of $1.14 million, a cash bonus of $23,000, and nearly $13.8 million in vested stock awards. His compensation strategy was closely tied to the company's performance, aligning his interests with that of shareholders. Notably, in 2021, his compensation was markedly lower at $2.6 million, showcasing the variability in executive pay linked to business success and incentives tied to performance metrics. The company's philosophy leaned towards competitive compensation that aimed to attract and retain talent while rewarding executives for creating value for shareholders. Smucker's calculated managerial style reflects in how he's navigated the company's growth, adapting to market changes and performance outcomes, emphasizing a performance-driven approach to reward systems.

Year

2022

Total Compensation

$15.16M

Salary

$1.14M

Board Justification

The compensation philosophy is to provide competitive, fair, and equitable compensation that is predominantly performance-based, aligning the interests of executive officers with those of shareholders.

Bonus

$23.00K

Board Justification

Annual holiday bonus equal to 2% of annual base salary, provided to all salaried and hourly non-represented employees.

Other

$199.57K

Board Justification

Includes various perquisites such as personal use of aircraft, financial and tax planning assistance, and employer matching funds under the 401(k) plan.

Restricted Stock

$13.79M(89.3K Restricted Stock)

Board Justification

Restricted stock awards granted on June 15, 2022, which generally ratably vest in equal tranches over a three-year period.

Performance Metrics

Performance metrics include adjusted operating income, net sales, and ESG objectives.

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Here are other CEOs of The J.M. Smucker Company