CEO Total Pay
$4.5M
FY2023 Summary Compensation
Open-data reference.
FRESH DEL MONTE PRODUCE INC, a agriculture company, reported a CEO-to-worker pay ratio of 690:1 in FY2023. CEO received total compensation of $4.5M, while the median employee earned $6,451 annually. This is above the Agriculture industry median of 126:1 across 4 companies. Data sourced from SEC EDGAR proxy (DEF 14A) filings.
Detailed breakdown not available.
| Component | Amount (USD) |
|---|---|
| Base Salary | — |
| Bonus | — |
| Stock Awards | — |
| Option Awards | — |
| Non-Equity Incentive Plan | — |
| Pension Value Change | — |
| Other Compensation | — |
| Total Compensation | $4.5M |
Source: SEC EDGAR Form DEF 14A — CIK 1047340, FY2023 Summary Compensation Table.
FRESH DEL MONTE PRODUCE INC's CEO-to-worker pay ratio of 690:1 means that earned 690 times more than the company's median employee in FY2023.
The median employee at FRESH DEL MONTE PRODUCE INC earned $6,451 annually. At that wage, it would take a median employee approximately 690 years to earn what the CEO earned in a single year.
CEO Total Pay
$4.5M
FY2023 Summary Compensation
Pay Ratio
690:1
Outlier — top decile
Disclosure Transparency
1.0/5
Limited pay component reporting
Under 17 CFR §229.402(v) (the Pay-Versus-Performance rule effective for fiscal years ending after December 16, 2022), issuers must reconcile Compensation Actually Paid (CAP) to Total Shareholder Return (TSR) over a multi-year window. The chart below visualizes the relationship between FRESH DEL MONTE PRODUCE INC's reported CAP and TSR for FY2023.
ISS QualityScore and Glass-Lewis voting guidelines weight performance-linked share of pay. The CII (Council of Institutional Investors) recommends ≥50% of CEO pay be tied to multi-year performance metrics.
According to the 2023 DEF 14A proxy statement filed with the SEC, FRESH DEL MONTE PRODUCE INC (FDP, CIK 1047340) reported CEO 's total compensation at $4.5M. That figure is an aggregate of base salary (N/A). The median employee at the firm — the reference point mandated by Section 953(b) of the Dodd-Frank Act — earned $6,451 over the same fiscal year, producing the headline CEO-to-worker pay ratio of 690:1 that this page tracks.
Context matters when reading this ratio. FRESH DEL MONTE PRODUCE INC operates in the Agriculture sector and is headquartered in E9. Across the Agriculture industry (SIC 01), 4 SEC-reporting companies disclosed pay ratios in FY2023, with a median of 126:1 and an average of 237:1. Median industry CEO pay was $4.1M, so FRESH DEL MONTE PRODUCE INC's $4.5M sits above that typical figure. That comparison is the fastest way to separate "the CEO is paid like peers" from "this company is an outlier."
Finally, a note on what these SEC numbers do and do not include. Total compensation reported under Item 402 of Regulation S-K reflects grant-date fair value for equity awards, not realized pay, so a CEO may eventually cash in more — or less — depending on stock performance and vesting. The pay ratio itself is calculated against a single median employee chosen under rules that allow statistical sampling, and companies may update methodology year to year. This proxy was filed on 2024-04-26; all figures on this page come directly from that public filing and can be verified against the DEF 14A on the SEC EDGAR system.
Read our methodology — how this data is sourced, computed, and verified.