In 2017, William W. Lovette earned $3.90M in total compensation at Pilgrim's Pride Corporation, including $1.00M salary and $2.90M bonus. Most recently sold 55,198 shares in Dec 2019. Currently holds stock worth $36.73M. Led Pilgrim's Pride Corporation as CEO for 6 years.
Compensation History
Annual executive compensation data for William W. Lovette, including salary, bonuses, and stock awards.
Year
2017
Total Compensation
$3.90M
Salary
$1.00M
Bonus
$2.90M
Other
$4.07K
Salary
$1.00MBoard Justification
The compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and market competitiveness.
Bonus
$2.90MBoard Justification
Cash bonus awarded under the Short-Term Management Incentive Plan (STIP) based on performance metrics for 2017, specifically the PBT Margin.
Other Compensation
$4.07KBoard Justification
Includes group term life insurance, long-term disability premium reimbursement, and cell phone stipend.
Restricted Stock
Board Justification
No stock awards vested in 2017 as the performance conditions were not fully achieved under the 2017 Long Term Incentive Program.
Performance Metrics
The primary performance metric for the cash bonus was the PBT Margin, which was set at various thresholds with corresponding bonus amounts.
William W. Lovette
Ex-CEO of Pilgrim's Pride Corporation
Education
Not specified
Field of Expertise
Consumer Goods & Retail - Food Industry
Sector of Economy
Consumer Defensive
CEO of Pilgrim's Pride Corporation for
6 years 1 month (Jan 2011 - Feb 2017)
Previous Experience
President & Chief Operating Officer for Case Foods, Inc.; 25 years with Tyson Foods in various senior management roles, including President of its International Business Unit and President of its Foodservice Business Unit.
Holdings
Track William W. Lovette's stock holdings and portfolio value over time.
Total Stock Sold
$9.71M
$9.71M
404,873 PPC shares
What if they kept their stock?
If William W. Lovette didn't sell their stock, today they would have:
Extra PPC404,873 shares worth $16.09M.
This is 65.65% and $6.38M more than what they got when they sold the stock.
Insider Trading
William W. Lovette's recent stock transactions, purchases, and sales filed with the SEC.
55,198 shares
PPC
Dec 29, 2019
Sale
$1.75M
PPC at $20.30/share
Feb 20, 2019
Sale
67,944 shares
PPC
Dec 29, 2019
Received
$2.54M
PPC at $25.36/share
Feb 27, 2018
Sale
200,000 shares
PPC
Feb 14, 2018
Received
$998.13K
PPC at $20.66/share
Feb 17, 2017
Sale
62,010 shares
PPC
Feb 20, 2015
Received
$2.50M
PPC at $27.56/share
Feb 20, 2015
Sale
$734.72K
PPC at $30.30/share
Nov 4, 2014
Sale
200,000 shares
PPC
Jan 14, 2011
Received
Rivals
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