leadership
confidence high
sentiment neutral
materiality 0.60
J&J Snack Foods adjusts CEO compensation, grants equity awards to CEO and CFO
J&J SNACK FOODS CORP
- CEO Dan Fachner base salary raised to $900k from $875k; target bonus stays at 100% of base.
- CEO's long-term incentive target increased to 167% of base; 9,677 total units granted (4,839 service, 4,839 performance).
- CFO Ken Plunk granted 2,580 total units (1,290 service, 1,290 performance) vesting over three years.
- Performance share units tied to cumulative EBITDA over first two years; third year based on continued employment.
- Service share units vest in equal thirds on Nov 10, 2022, 2023, and 2024.