James Lanning has been the CEO of Ingles Markets, Inc. since March 2016, but his history with the company goes back much further. He started working there 28 years ago, climbing the ranks and serving as President previously since 2003....

James Lanning has been the CEO of Ingles Markets, Inc. since March 2016, but his history with the company goes back much further. He started working there 28 years ago, climbing the ranks and serving as President previously since 2003. Under his leadership, Ingles has focused on enhancing customer service and expanding store locations, which has been critical in a competitive retail landscape. In 2023, his total compensation reached approximately $3.29 million, with a salary of about $1.12 million and an impressive annual bonus of $2.12 million, reflecting the公司的 profitability. James was born on April 10, 1958, and although his formal education details aren’t publicly available, his extensive experience in the retail sector speaks volumes about his expertise. He holds a notable position in the grocery business, directing strategic initiatives that align with the company’s goals to improve customer experience, thus aiding in its growth and development over the years. James Lanning’s journey shows how dedication and strategic vision can make an impact in the retail industry.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Ingles Markets CEOs

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James Lanning

CEO of Ingles Markets

Education

N/A

Field of Expertise

Consumer Goods & Retail - Retail

Sector of Economy

Consumer Defensive

Born

April 10, 1958 - 67 years ago

CEO of Ingles Markets for

9 years 2 months (Mar 2016 - Present)

Previous Experience

President of Ingles Markets since 2003

Rivals

Competitors/colleagues of James Lanning

Holdings

See how much did James Lanning make over time.

As of now, James Lanning holds approximately 157,399 shares of Class A common stock and 147,399 shares of Class B common stock. Interestingly, his stock holdings have seen fluctuations over the years, but they represent a small fraction of his...

As of now, James Lanning holds approximately 157,399 shares of Class A common stock and 147,399 shares of Class B common stock. Interestingly, his stock holdings have seen fluctuations over the years, but they represent a small fraction of his overall wealth compared to his salary and bonuses. Despite this variance, Lanning's primary wealth is derived from his cash compensation, which reflects how his role is more operationally focused rather than stock-centric. This approach aligns with the company’s compensation philosophy aimed at motivating executives based on performance metrics tied to company success and profitability. At one point, his net worth was heavily tied to his role at Ingles, but as of 2023, a shift in his financial stance emphasizes income over stock holdings, showcasing a trend where leaders prioritize immediate results in retail performance.

Mar 18, 2025

I

shares

IMKTA @ $62.31

Total Stock Sold

$769.84K

IMKTA

$769.84K

9,936 IMKTA shares

What if they kept their stock?

If James Lanning didn't sell their stock, today they would have:
Extra IMKTA9,936 shares worth $421.88K.
This is -45.2% and $347.96K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of James Lanning.

IMKTA

$769.84K

IMKTA at $77.48/share

Nov 26, 2021

Sale

Compensation History

See how much did James Lanning make over time.

In 2023, James Lanning reported total compensation of about $3.29 million, a mix of salary, bonuses, and other benefits. His salary was approximately $1.12 million, making up a significant part of his earnings. Additionally, he received an annual bonus of $2.12 million, which illustrates the company's performance-based incentive structure. Other compensations lined up to around $57,518, covering things like travel and 401(k) contributions. Compared to previous years, his compensation has seen a steady increase, driven by the company's profitability and individual performance evaluations. This highlights the correlation between his leadership efforts and the financial successes of Ingles Markets. Lanning's pay structure is built to attract and retain top executives while keeping the focus on overall company performance, showcasing a clear alignment of interests between him and the company’s growth.

Year

2023

Total Compensation

$3.29M

Salary

$1.12M

Board Justification

The compensation program aims to attract, motivate, and retain top-quality executives while delivering competitive total compensation packages based on both Company and individual performance.

Bonus

$2.12M

Board Justification

Annual cash bonuses are determined based on the Company's profitability and the individual performance of the Executive Officer for the fiscal year.

Other

$57.52K

Board Justification

Other compensation includes employer match for 401(k) plan, life insurance premiums, and travel expenses.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

The performance metrics for determining the compensation include Company profitability and individual performance evaluations.

Other Ingles Markets CEOs

Here are other CEOs of Ingles Markets

Robert P. Ingle II

Ex-CEO of Ingles Markets

March 2011 - March 2016