J.M. Smucker Company (The) management check
SJM · Consumer Staples · Packaged Foods & Meats · CEO Mark Smucker
Filings as of
3 good · 3 to watch · 1 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2022 grew to $88, against $92 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.90 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Flag
What does the CEO cost owners?
Paid in a loss-making year$10.9m of reported pay in fiscal 2026, a year the company lost $138.7m.
- Watch
Do they own the stock?
CEO stake ≈ 2.2 years of payThe CEO holds 186,207 shares, directly or through trusts (unvested awards not counted): about 2.2 years of pay. 5 insiders sold $17.5m in the last six months and none bought.
- Watch
Are owners being diluted?
Stock pay 0.3% of revenueStock-based pay was 0.3% of revenue in the latest year.
- Good
Is leadership stable?
5 leadership filings in 3 yearsCEO in the pay table: Mark Smucker. 5 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Staples.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 46 | 31 | |
| Pay for performance | 95 | 84 | |
| CEO cost | 0 | 40 | |
| Skin in the game | 32 | 65 | |
| Dilution | 98 | 60 | |
| Stable leadership | 100 | 70 | |
| Clean books | 100 | 100 |
Closest peers
Others in Packaged Foods & Meats, by management score. J.M. Smucker Company (The) is 14th of 33 in its sector.
Pay versus performance
From the proxy statement filed June 26, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2026 | Mark Smucker | $10.9m | $5.7m | $3.4m | $88 | $92 | −$138.7m |
| 2025 | — | $11.0m | $7.8m | $4.6m | $101 | $104 | −$1.2bn |
| 2024 | — | $10.4m | $3.9m | $3.2m | $96 | $111 | $744.0m |
| 2023 | — | $11.3m | $11.8m | $3.1m | $125 | $125 | −$91.3m |
| 2022 | — | $8.5m | $8.5m | $2.9m | $108 | $113 | $631.7m |
The board says pay is tied most to Adjusted Earnings per Share. Its other key measures: Adjusted Operating Income, Net Sales, Free Cash Flow.
Insiders and the CEO's stake
Mark T Smucker (CEO, Chair of Board) held 186,207 shares directly after their latest Form 4 on Aug 31, 2026, roughly $24.5m at that filing's price.
5 insiders sold $17.5m in the last six months and none bought.
- SoldMark T SmuckerCEO, Chair of Board$12.6mAug 31, 2026
- SoldTucker H MarshallChief Financial Officer$2.8mAug 28, 2026
- SoldJeannette L KnudsenChief Legal Officer$1.1mJun 26, 2026
- SoldJill R PenroseChief People Officer$583kJun 29, 2026
Leadership and governance on file
- Mar 3, 2026Leadership change8-K 5.02
- Feb 26, 2026Leadership change8-K 5.02
- Feb 10, 2026Leadership change8-K 5.02
- Apr 30, 2025Leadership change8-K 5.02
- Aug 15, 2024Leadership change8-K 5.02
- Jun 23, 2022Leadership change8-K 5.02
- Feb 7, 2022Leadership change8-K 5.02
Latest shareholder vote results: Aug 17, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $3.2bn returned to owners in buybacks and dividends, and $125.3m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $8.0bn | $8.5bn | $8.2bn | $8.7bn | $9.1bn |
| Net income | $631.7m | −$91.3m | $744.0m | −$1.2bn | −$138.7m |
| Stock-based pay | $22.3m | $25.6m | $23.9m | $29.9m | $23.6m |
| Buybacks | $270.4m | $367.5m | $372.8m | $3.3m | $5.6m |
| Dividends | $418.1m | $430.2m | $437.5m | $455.4m | $464.7m |
| Diluted shares | 108m | — | — | — | — |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.