Russell Diez-Canseco has been the CEO of Vital Farms since July 2020. With a background in Business Administration and extensive experience in management, he leads a company focused on sustainable food practices. In 2023, Russell’s total compensation was about $3.15...

Number of Employees

447

Year

2023

Total Compensation

$1.27M

Salary

$686.54K

Board Justification

The compensation philosophy aligns with company performance, peer benchmarking, and retention strategies, with a significant portion of compensation being performance-based.

Bonus

$560.01K

Board Justification

The bonus is based on performance objectives determined by the Board, with a target bonus amount of 100% of base salary. For 2023, the Compensation Committee approved performance bonuses reflecting 150% of the target bonus due to performance against corporate goals.

Other

$18.63K

Board Justification

Other compensation includes matching contributions to 401(k) plans and a vehicle allowance.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2023 as the amounts reported reflect the aggregate grant date fair value of awards granted, not vested stock.

Performance Metrics

The performance metrics for determining compensation include achievement of corporate goals established by the Compensation Committee.

SEC Filing

From April 29, 2024

Russell Diez-Canseco

CEO of Vital Farms

V

Education

M.B.A. from Harvard Business School

Field of Expertise

Business & Management

Born

April 19, 1972 - 52 years ago

Is Founder?

No

Current Tenure

5 years 8 months (May 2019 - Present)

Previous Experience

President and Chief Operating Officer at Vital Farms