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Dennis Eidson serves as the Chief Executive Officer of SpartanNash, where he has been instrumental in navigating the retail landscape since August 2019. He learned the ropes of food management through Michigan State University's program and has a wealth of...

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Dennis Eidson

Ex-CEO of SpartanNash

Education

Michigan State University's Food Management program

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Defensive

Born

January 1, 1954 - 71 years ago

CEO of SpartanNash for

1 year 1 month (Aug 2019 - Sep 2020)

Previous Experience

Divisional President and CEO of A&P's Midwest region

Rivals

Competitors/colleagues of Dennis Eidson

Holdings

See how much did Dennis Eidson make over time.

Dennis Eidson has been active in trading SpartanNash shares, particularly in the years leading up to and during his CEO tenure. His insider trading began to gain traction around 2019, with his holdings valued at $2.37 million in September of...

Total Stock Sold

$9.48M

SPTN

$9.48M

341,508.923 SPTN shares

What if they kept their stock?

If Dennis Eidson didn't sell their stock, today they would have:
Extra SPTN341,508.923 shares worth $4.86M.
This is -48.76% and $4.62M less than what they got when they sold the stock.

Charitable Transactions

SPTN

2,400 shares

SPTN

Recent Charitable Transactions

SPTN

2,400 shares

SPTN

Mar 27, 2010

Charity

Insider Trading

See recent insider trades of Dennis Eidson.

SPTN

7,589 shares

SPTN

Mar 1, 2021

Received

SPTN

4,443 shares

SPTN

Nov 17, 2020

Received

SPTN

13,461 shares

SPTN

Oct 7, 2020

Received

SPTN

12,339 shares

SPTN

Sep 8, 2020

Received

SPTN

10,403 shares

SPTN

Aug 6, 2020

Received

SPTN

7,113 shares

SPTN

Mar 1, 2019

Received

SPTN

$1.14M

SPTN at $25.78/share

Jun 4, 2018

Sale

SPTN

6,858 shares

SPTN

Mar 1, 2018

Received

SPTN

3,636 shares

SPTN

Aug 22, 2017

Received

SPTN

$226.30K

SPTN at $36.85/share

May 15, 2017

Sale

Compensation History

See how much did Dennis Eidson make over time.

In 2020, Dennis Eidson's total compensation was approximately $4.38 million, which included a salary of $1.15 million and a bonus reflective of his interim role in 2019. This marked a significant increase from his prior compensation of around $1.21 million in 2019, when he received a signing bonus for stepping into the CEO position. The structure of his pay is not just about the numbers; it highlights how SpartanNash aligns leadership rewards with company performance. The CEO’s ability to earn more in bonuses and stock options, depending on company metrics, shows a deeper connection between executive success and the company's success. Notably, his total reported compensation varied yearly, reflecting the company's performance and his strategic decisions.

Year

2020

Total Compensation

$2.94M

Salary

$1.15M

Board Justification

The compensation opportunity for Mr. Eidson was designed to continue the same level of compensation as offered during the initial term of his service, appropriate for a Chief Executive Officer with his experience and qualifications.

Bonus

$291.67K

Board Justification

Mr. Eidson received bonuses in 2019 and 2020 under his interim employment agreement.

Other

$488.32K

Board Justification

Includes the value of Company matching contributions to each executive’s qualified and non-qualified retirement plans, dividends on unvested restricted stock awards, termination payments, perquisites, and Company paid life insurance premiums.

Restricted Stock

$1.01M(59.35K restricted stock)

Board Justification

Shares of restricted stock that vested in 2020.

Performance Metrics

The performance metrics for the cash incentive awards were based on the achievement of objectives determined by the Board of Directors.