Pay vs Performance Disclosure - USD ($)
Aug. 02, 2026
Aug. 03, 2025
Jul. 28, 2024
Jul. 30, 2023
Jul. 31, 2022
PAY VERSUS PERFORMANCE DISCLOSURE
Pay versus Performance
As required by Section 953(a) of the Dodd‑Frank Act and Item 402(v) of Regulation S‑K, the following table reports the compensation of our Principal Executive Officer (PEO) and the average compensation of the other NEOs as disclosed in the Summary Compensation Table for the past five fiscal years, as well as their “compensation actually paid,” and certain financial performance measures of the Company. The Compensation
Committee did not consider "compensation actually paid" in its determination of PEO or other NEO compensation. For further information concerning our pay for performance philosophy and how we align executive compensation with the Company’s performance, refer to the Compensation Discussion and Analysis section beginning on page 40.
| Year(1) | Summary Compensation Table Total for Current PEO(2) | Summary Compensation Table Total for Former PEO(2) | Compensation Actually Paid to Current PEO(3) | Compensation Actually Paid to Former PEO(3) | Average Summary Compensation Table Total for non‑PEO NEOs(2) | Average Compensation Actually Paid to non‑PEO NEOs(3) | Value of Initial Fixed $100 Investment Based On:(4) | Net Income (millions) (5) | Net Sales (millions) (6) | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Share- holder Return | Peer Group Total Share- holder Return | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2026 | $ | 10,965,019 | $ | — | $ | 3,048,543 | $ | — | $ | 3,397,964 | $ | 1,601,909 | $ | 61 | $ | 95 | $ | 405 | $ | 9,744 | ||||||||||||||||||||||||||||||||||||||||||
| 2025 | $ | 6,957,360 | $ | 11,056,404 | $ | 3,473,302 | $ | (6,914,795) | $ | 3,004,812 | $ | 691,094 | $ | 85 | $ | 100 | $ | 602 | $ | 10,253 | ||||||||||||||||||||||||||||||||||||||||||
| 2024 | $ | — | $ | 12,260,000 | $ | — | $ | 17,409,744 | $ | 4,087,288 | $ | 5,205,606 | $ | 118 | $ | 106 | $ | 567 | $ | 9,636 | ||||||||||||||||||||||||||||||||||||||||||
| 2023 | $ | — | $ | 11,699,822 | $ | — | $ | 11,089,637 | $ | 3,771,274 | $ | 3,573,919 | $ | 113 | $ | 119 | $ | 858 | $ | 9,357 | ||||||||||||||||||||||||||||||||||||||||||
| 2022 | $ | — | $ | 10,277,065 | $ | — | $ | 13,004,241 | $ | 3,965,231 | $ | 4,788,630 | $ | 117 | $ | 113 | $ | 757 | $ | 8,562 | ||||||||||||||||||||||||||||||||||||||||||
(1)In fiscal 2025, Mark Clouse (our former PEO) and Mick J. Beekhuizen (our current PEO) each served as Principal Executive Officer (“PEO”) for a portion of the fiscal year. Mr. Beekhuizen has served as the only PEO for the entirety of fiscal 2026, Mr. Clouse has served as the only PEO for the entirety of fiscal 2024, 2023 and 2022, and the other NEO’s for the applicable years were as follows:
•2026: Todd E. Cunfer, Carrie L. Anderson, Mohit Anand, Diane Johnson May and Daniel L. Poland
•2025: Carrie L. Anderson, Charles A. Brawley, III, Christopher D. Foley, Diane Johnson May and Daniel L. Poland
•2024: Carrie L. Anderson, Mick J. Beekhuizen, Diane Johnson May and Daniel L. Poland
•2023: Carrie L. Anderson, Mick J. Beekhuizen, Adam G. Ciongoli, Christopher D. Foley and Daniel L. Poland
•2022: Mick J. Beekhuizen, Adam G. Ciongoli, Christopher D. Foley and Valerie J. Oswalt
(2)The dollar amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of our current PEO, Mr. Beekhuizen, (ii) the total compensation reported in the Summary Compensation Table for the applicable year in the case of our former PEO, Mr. Clouse, and (iii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for our other NEOs for such years, as identified in footnote 1.
(3)To calculate “compensation actually paid”, as computed pursuant to the SEC rules, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for our current PEO, Mr. Beekhuizen, and the average of the other NEOs is set forth below. The amounts do not reflect the actual amount of compensation earned by, or paid to the executive, during the applicable fiscal year.
Reconciliation of Compensation Actually Paid Adjustments:
| Year | Summary Compensation Table Total | (Minus) Change in Accumulated Benefits Under Defined Benefit and Actuarial Pension Plans | Plus Service Costs Under Defined Benefit and Actuarial Pension Plans | (Minus) Grant Date Fair Value of Stock Option and Stock Awards Granted in Fiscal Year | Plus Fair Value at Fiscal Year‑End of Outstanding and Unvested Stock Option and Stock Awards Granted in Fiscal Year (a)(b) | Plus/ (Minus) Change in Fair Value of Outstanding and Unvested Stock Option and Stock Awards Granted in Prior Fiscal Years (a)(b) | Plus Fair Value Vesting of Stock Option and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year (a) | Plus/ (Minus) Change in Fair Value as of Vesting Date of Stock Option and Stock Awards Granted in Prior Years for which Applicable Vesting Conditions Were Satisfied During Fiscal Year (a) | (Minus) Fair Value as of Prior Fiscal Year‑End of Stock Option and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year | Equals Compensation Actually Paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mick J. Beekhuizen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2026 | $ | 10,965,019 | $ | — | $ | — | $ | 8,043,563 | $ | 3,230,372 | $ | (2,706,317) | $ | — | $ | 91,195 | $ | 488,163 | $ | 3,048,543 | ||||||||||||||||||||||||||||||||||||||||||
| Other NEOs (Average) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2026 | $ | 3,397,964 | $ | — | $ | — | $ | 1,801,886 | $ | 895,026 | $ | (570,603) | $ | — | $ | (47,105) | $ | 271,487 | $ | 1,601,909 | ||||||||||||||||||||||||||||||||||||||||||
(a)Includes the value of any dividend equivalents accrued on restricted share unit awards in the applicable year(s) prior to the vesting date that are not otherwise reflected in the fair value of such award.
(b)For awards subject to performance‑based vesting conditions, the value is based on an estimate of the probable outcome of such performance‑based vesting conditions as of the last day of the fiscal year, which is consistent with the same methodology used to determine the grant date fair value of the awards. See Note 18 to the Consolidated Financial Statements in our 2026 Form 10‑K for a discussion of the relevant assumptions used in calculating these amounts.
(4)Amounts included for each year reflect what the cumulative value of $100 would be, including the reinvestment of dividends, if such amount were invested on the last day of fiscal 2021. Peer Group TSR is calculated based upon the Company’s peer group (S&P 500 Packaged Foods Group) as reflected in our Annual Report on Form 10‑K pursuant to Item 201(e) of Regulation S‑K for the fiscal year ended August 2, 2026.
(5)The dollar amounts reported represent the amount of net income reflected in the Company’s financial statements for the applicable year.
(6)The dollar amounts reported represent the amount of net sales reflected in the Company’s financial statements for the applicable year.
Financial Performance Measures
The following is a list of the performance measures that, in the Company’s assessment, represent the most important performance measures used by the Company to link compensation actually paid to our NEOs in fiscal 2026 to Company performance. The performance measures are not ranked by relative importance. Please see the Compensation Discussion and Analysis section beginning on page 40 for further information regarding how each of these measures is used in the Company’s executive compensation program.
•Adjusted EBIT
•Adjusted EPS
•Free Cash Flow
•Net Sales
•Stock Price
Relationship Between Pay and Performance
We believe that our compensation program is aligned with our business strategy and with creating long‑term shareholder value by paying for performance, with a significant portion of NEOs’ pay subject to risk and performance. The Compensation Discussion and Analysis discussion describes in greater detail the Committee’s emphasis on “pay‑for‑performance” and how our executive compensation program is designed to link executive compensation with the achievement of financial objectives as well as shareholder value creation.
It is important to note that "compensation actually paid" to our executive officers is computed in accordance with SEC rules and does not necessarily reflect the actual value that an executive will receive in the stated fiscal year as such value will depend on a variety of factors. For example, the value of restricted share unit awards that an executive will receive will ultimately depend on stock price at the time of vesting and, for performance‑based restricted share unit awards, the financial performance metrics achieved during the applicable three‑year performance cycle, and, all remain at risk of reduction or forfeiture until the time of vesting.
In accordance with SEC rules, the following graphs show the relationship of "compensation actually paid" to our (i) cumulative shareholder return and total shareholder return, (ii) net income and (iii) net sales.
Compensation Actually Paid vs. TSR
 | Former CEO CAP |  | Current CEO CAP |  | Other NEO Avg CAP | |||||||||||||||||||||
 | TSR CPB |  | S&P 500 - Pkg Foods Group |  | ||||||||||||||||||||||
Compensation Actually Paid vs. Net Income
| | Former CEO CAP | | Current CEO CAP | ||||||||||||||
| | Net Income | | Other NEO Avg CAP | ||||||||||||||
Compensation Actually Paid vs. Net Sales
| | Former CEO CAP | | Current CEO CAP | ||||||||||||||
| | Net Sales | | Other NEO Avg CAP | ||||||||||||||
•2026: Todd E. Cunfer, Carrie L. Anderson, Mohit Anand, Diane Johnson May and Daniel L. Poland
•2025: Carrie L. Anderson, Charles A. Brawley, III, Christopher D. Foley, Diane Johnson May and Daniel L. Poland
•2024: Carrie L. Anderson, Mick J. Beekhuizen, Diane Johnson May and Daniel L. Poland
•2023: Carrie L. Anderson, Mick J. Beekhuizen, Adam G. Ciongoli, Christopher D. Foley and Daniel L. Poland
•2022: Mick J. Beekhuizen, Adam G. Ciongoli, Christopher D. Foley and Valerie J. Oswalt
Reconciliation of Compensation Actually Paid Adjustments:
| Year | Summary Compensation Table Total | (Minus) Change in Accumulated Benefits Under Defined Benefit and Actuarial Pension Plans | Plus Service Costs Under Defined Benefit and Actuarial Pension Plans | (Minus) Grant Date Fair Value of Stock Option and Stock Awards Granted in Fiscal Year | Plus Fair Value at Fiscal Year‑End of Outstanding and Unvested Stock Option and Stock Awards Granted in Fiscal Year (a)(b) | Plus/ (Minus) Change in Fair Value of Outstanding and Unvested Stock Option and Stock Awards Granted in Prior Fiscal Years (a)(b) | Plus Fair Value Vesting of Stock Option and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year (a) | Plus/ (Minus) Change in Fair Value as of Vesting Date of Stock Option and Stock Awards Granted in Prior Years for which Applicable Vesting Conditions Were Satisfied During Fiscal Year (a) | (Minus) Fair Value as of Prior Fiscal Year‑End of Stock Option and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year | Equals Compensation Actually Paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mick J. Beekhuizen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2026 | $ | 10,965,019 | $ | — | $ | — | $ | 8,043,563 | $ | 3,230,372 | $ | (2,706,317) | $ | — | $ | 91,195 | $ | 488,163 | $ | 3,048,543 | ||||||||||||||||||||||||||||||||||||||||||
| Other NEOs (Average) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2026 | $ | 3,397,964 | $ | — | $ | — | $ | 1,801,886 | $ | 895,026 | $ | (570,603) | $ | — | $ | (47,105) | $ | 271,487 | $ | 1,601,909 | ||||||||||||||||||||||||||||||||||||||||||
(a)Includes the value of any dividend equivalents accrued on restricted share unit awards in the applicable year(s) prior to the vesting date that are not otherwise reflected in the fair value of such award.
(b)For awards subject to performance‑based vesting conditions, the value is based on an estimate of the probable outcome of such performance‑based vesting conditions as of the last day of the fiscal year, which is consistent with the same methodology used to determine the grant date fair value of the awards. See Note 18 to the Consolidated Financial Statements in our 2026 Form 10‑K for a discussion of the relevant assumptions used in calculating these amounts.
Reconciliation of Compensation Actually Paid Adjustments:
| Year | Summary Compensation Table Total | (Minus) Change in Accumulated Benefits Under Defined Benefit and Actuarial Pension Plans | Plus Service Costs Under Defined Benefit and Actuarial Pension Plans | (Minus) Grant Date Fair Value of Stock Option and Stock Awards Granted in Fiscal Year | Plus Fair Value at Fiscal Year‑End of Outstanding and Unvested Stock Option and Stock Awards Granted in Fiscal Year (a)(b) | Plus/ (Minus) Change in Fair Value of Outstanding and Unvested Stock Option and Stock Awards Granted in Prior Fiscal Years (a)(b) | Plus Fair Value Vesting of Stock Option and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year (a) | Plus/ (Minus) Change in Fair Value as of Vesting Date of Stock Option and Stock Awards Granted in Prior Years for which Applicable Vesting Conditions Were Satisfied During Fiscal Year (a) | (Minus) Fair Value as of Prior Fiscal Year‑End of Stock Option and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year | Equals Compensation Actually Paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mick J. Beekhuizen | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2026 | $ | 10,965,019 | $ | — | $ | — | $ | 8,043,563 | $ | 3,230,372 | $ | (2,706,317) | $ | — | $ | 91,195 | $ | 488,163 | $ | 3,048,543 | ||||||||||||||||||||||||||||||||||||||||||
| Other NEOs (Average) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2026 | $ | 3,397,964 | $ | — | $ | — | $ | 1,801,886 | $ | 895,026 | $ | (570,603) | $ | — | $ | (47,105) | $ | 271,487 | $ | 1,601,909 | ||||||||||||||||||||||||||||||||||||||||||
(a)Includes the value of any dividend equivalents accrued on restricted share unit awards in the applicable year(s) prior to the vesting date that are not otherwise reflected in the fair value of such award.
(b)For awards subject to performance‑based vesting conditions, the value is based on an estimate of the probable outcome of such performance‑based vesting conditions as of the last day of the fiscal year, which is consistent with the same methodology used to determine the grant date fair value of the awards. See Note 18 to the Consolidated Financial Statements in our 2026 Form 10‑K for a discussion of the relevant assumptions used in calculating these amounts.
Compensation Actually Paid vs. TSR
| | Former CEO CAP | | Current CEO CAP | | Other NEO Avg CAP | |||||||||||||||||||||
| | TSR CPB | | S&P 500 - Pkg Foods Group | | ||||||||||||||||||||||
Compensation Actually Paid vs. Net Income
| | Former CEO CAP | | Current CEO CAP | ||||||||||||||
| | Net Income | | Other NEO Avg CAP | ||||||||||||||
Compensation Actually Paid vs. Net Sales
| | Former CEO CAP | | Current CEO CAP | ||||||||||||||
| | Net Sales | | Other NEO Avg CAP | ||||||||||||||
Compensation Actually Paid vs. TSR
| | Former CEO CAP | | Current CEO CAP | | Other NEO Avg CAP | |||||||||||||||||||||
| | TSR CPB | | S&P 500 - Pkg Foods Group | | ||||||||||||||||||||||
The following is a list of the performance measures that, in the Company’s assessment, represent the most important performance measures used by the Company to link compensation actually paid to our NEOs in fiscal 2026 to Company performance. The performance measures are not ranked by relative importance. Please see the Compensation Discussion and Analysis section beginning on page 40 for further information regarding how each of these measures is used in the Company’s executive compensation program.
•Adjusted EBIT
•Adjusted EPS
•Free Cash Flow
•Net Sales
•Stock Price