Gary Pilnick, CEO of Kellogg (K), earned $8.0M in total compensation in 2024. Kellogg receives a Pay-for-Performance grade of D (49/100), with a CEO-to-worker pay ratio of 160:1 and a say-on-pay shareholder approval of 87.2%. The company's 3-year total shareholder return is -10.8%.
How Kellogg CEO Pay Compares
Gary Pilnick's $8.0M total compensation is 0% below the Packaged Foods industry median of $8.0M. The 160:1 CEO-to-worker pay ratio is 0% lower than the industry average of 160:1.
Total compensation for Gary Pilnick at Kellogg (K) was $8.0M. Mid-cap public-company CEO packages tend to track this pattern — equity-heavy, multi-year vesting, performance-tied.
The CEO-to-median-worker pay ratio is 160x, meaning Gary Pilnick's $8.0M total comp is roughly that many times the median $50,000 earned by Kellogg workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Three-year performance has been negative: TSR of -10.8% and -8.8% revenue change. Significant CEO compensation alongside negative shareholder returns is the most controversial pay pattern and is the central case for proxy-advisor pay-for-performance opposition.
Shareholders supported the compensation package at 87% on the most recent say-on-pay vote. Solid support without overwhelming endorsement is the typical pattern for established public companies with conventional compensation programs. Kellogg operates in Packaged Foods with 23,000 employees and $13.1B in annual revenue, and currently carries a market capitalization of $21.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Kellogg (K).
Compensation Breakdown
Gary Pilnick's $8.0M total compensation package for fiscal year 2024 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2021 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
Gary Pilnick, CEO of Kellogg (K), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Gary Pilnick, CEO of Kellogg (K), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Kellogg has a Pay-for-Performance Score of D (49/100). The company's 3-year total shareholder return is -10.8%, and the say-on-pay shareholder vote passed with 87.2% approval.
The CEO-to-median-worker pay ratio at Kellogg is 160:1. The median worker at Kellogg earns $50K per year, while CEO Gary Pilnick earns $8.0M in total compensation.
Kellogg employs approximately 23,000 people. The company operates in the Packaged Foods industry within the Consumer Staples sector, generating $13.1B in annual revenue.