XML 13 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 28, 2025
USD ($)
Dec. 29, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 25, 2022
USD ($)
Dec. 26, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100 Investment Based On:(in thousands)
Summary Compensation Table
- PEO #1(1)
($)
Compensation Actually Paid - PEO #1(2)
($)
Summary Compensation Table
- Non-PEO NEO(1)
($)
Compensation Actually Paid
- Non-PEO NEO(2)
($)
PPC TSRPeer Group TSRNet Income ($)CSM: Profit Before Taxes Margin (%)
202516,408,520 17,875,708 4,453,012 4,928,578 $241.47 $81.08 1,083,344 8.1 %
20243,942,031 5,767,302 2,081,877 4,123,145 237.31 87.19 1,087,223 8.8 %
20232,577,965 4,660,929 1,292,761 1,464,968 142.95 81.27 322,317 2.5 %
20223,011,423 95,033 1,610,695 1,204,357 123.00 100.23 746,538 6.1 %
20218,581,691 16,487,836 1,905,296 2,716,224 142.38 118.49 31,268 3.1 %
        
Company Selected Measure Name Profit Before Taxes Margin        
Named Executive Officers, Footnote The PEOs and Other NEOs for each year reported in this table are:
YearPEO #1Other NEOs
2025Fabio SandriMatthew Galvanoni
2024Fabio SandriMatthew Galvanoni
2023Fabio SandriMatthew Galvanoni
2022Fabio SandriMatthew Galvanoni
2021Fabio SandriMatthew Galvanoni
        
Peer Group Issuers, Footnote Our peer group used for the total shareholder return (“TSR”) calculation is the peer group used to show our performance in our Form 10-K, which is comprised of two companies: Hormel Foods Corp and Tyson Foods Inc.        
Adjustment To PEO Compensation, Footnote None of our NEOs participate in a pension plan; therefore, we did not report a change in pension value for any of the years reflected in this table, and a deduction from the SCT total related to pension value is not needed. The following table shows items added to or deducted from the Total Compensation in the Summary Compensation Table in order to calculate
the amount of executive Compensation Actually Paid (or “CAP”), as shown in table above:
20252024202320222021
AdjustmentsPEO #1
($)		Average of Other NEOs ($)PEO #1
($)		Average of Other NEOs ($)PEO #1
($)		Average of Other NEOs ($)PEO #1
($)		Average of Other NEOs ($)PEO #1
($)		Average of Other NEOs ($)
Total Compensation from SCT$16,408,520 $4,453,012 $3,942,031 $2,081,877 $2,577,965 $1,292,761 $3,011,423 $1,610,695 $8,581,691 $1,905,296 
Adjustments for stock and option awards:
(Subtraction): SCT amounts(13,437,807)(2,812,457)(942,956)(490,329)(613,554)(340,853)(731,408)(406,338)(6,062,913)(921,087)
Fair value at year-end of awards granted in the year and unvested at year end14,306,749 3,453,894 2,895,577 1,505,671 700,990 389,439 — — 13,044,043 1,506,985 
Change in fair value from prior year end of outstanding and unvested awards granted in prior years(964,977)(310,616)4,129,160 1,025,926 1,737,787 38,204 (2,289,880)— 1,149,663 — 
Vesting date fair value of awards granted and vesting during such year1,361,442 — — — — — — — — 225,030 
Change in fair value from prior year end of vested awards granted in prior years201,781 144,745 929,629 — 257,741 85,417 104,898 — 4,589 — 
Fair value at end of prior year of awards granted in prior years that were forfeited— — (5,186,139)— — — — — (229,237)— 
Compensation Actually Paid (as calculated)$17,875,708 $4,928,578 $5,767,302 $4,123,145 $4,660,929 $1,464,968 $95,033 $1,204,357 $16,487,836 $2,716,224 
        
Non-PEO NEO Average Total Compensation Amount $ 4,453,012 $ 2,081,877 $ 1,292,761 $ 1,610,695 $ 1,905,296
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,928,578 4,123,145 1,464,968 1,204,357 2,716,224
Adjustment to Non-PEO NEO Compensation Footnote None of our NEOs participate in a pension plan; therefore, we did not report a change in pension value for any of the years reflected in this table, and a deduction from the SCT total related to pension value is not needed. The following table shows items added to or deducted from the Total Compensation in the Summary Compensation Table in order to calculate
the amount of executive Compensation Actually Paid (or “CAP”), as shown in table above:
20252024202320222021
AdjustmentsPEO #1
($)		Average of Other NEOs ($)PEO #1
($)		Average of Other NEOs ($)PEO #1
($)		Average of Other NEOs ($)PEO #1
($)		Average of Other NEOs ($)PEO #1
($)		Average of Other NEOs ($)
Total Compensation from SCT$16,408,520 $4,453,012 $3,942,031 $2,081,877 $2,577,965 $1,292,761 $3,011,423 $1,610,695 $8,581,691 $1,905,296 
Adjustments for stock and option awards:
(Subtraction): SCT amounts(13,437,807)(2,812,457)(942,956)(490,329)(613,554)(340,853)(731,408)(406,338)(6,062,913)(921,087)
Fair value at year-end of awards granted in the year and unvested at year end14,306,749 3,453,894 2,895,577 1,505,671 700,990 389,439 — — 13,044,043 1,506,985 
Change in fair value from prior year end of outstanding and unvested awards granted in prior years(964,977)(310,616)4,129,160 1,025,926 1,737,787 38,204 (2,289,880)— 1,149,663 — 
Vesting date fair value of awards granted and vesting during such year1,361,442 — — — — — — — — 225,030 
Change in fair value from prior year end of vested awards granted in prior years201,781 144,745 929,629 — 257,741 85,417 104,898 — 4,589 — 
Fair value at end of prior year of awards granted in prior years that were forfeited— — (5,186,139)— — — — — (229,237)— 
Compensation Actually Paid (as calculated)$17,875,708 $4,928,578 $5,767,302 $4,123,145 $4,660,929 $1,464,968 $95,033 $1,204,357 $16,487,836 $2,716,224 
        
Compensation Actually Paid vs. Net Income
3052
3054
        
Compensation Actually Paid vs. Company Selected Measure
The charts shown below compare the company-selected financial measure of PBT Margin, net income, and PPC and peer group TSR as described above with executive compensation actually paid (or “CAP”) for each of the five most recent years:
3050
        
Total Shareholder Return Vs Peer Group Total shareholder return as calculated based on a fixed investment of one hundred dollars measured from the market close on December 28, 2020 (the last trading day of 2020) through and including the end of the fiscal year for each year reported in the table.        
Tabular List, Table
Financial Performance Measures
PBT Margin(1)
U.S. EBIT per processed pound(2)
Mexico EBIT margin(3)
Europe EBIT margin(4)
(1)PBT Margin is defined in the CD&A under “Performance Metrics for 2025 Program.” For a reconciliation of this non-GAAP financial measure for fiscal year 2025, see Annex A at the end of this proxy statement.
(2)U.S. EBIT per processed pound (in cents) is defined in the CD&A under “Performance Metrics for 2025 Program.”
(3)Mexico EBIT margin is defined in the CD&A under “Performance Metrics for 2025 Program.”
(4)Europe EBIT margin is defined in the CD&A under “Performance Metrics for 2025 Program.”
        
Total Shareholder Return Amount $ 241.47 237.31 142.95 123.00 142.38
Peer Group Total Shareholder Return Amount 81.08 87.19 81.27 100.23 118.49
Net Income (Loss) $ 1,083,344,000 $ 1,087,223,000 $ 322,317,000 $ 746,538,000 $ 31,268,000
Company Selected Measure Amount 0.081 0.088 0.025 0.061 0.031
Measure:: 1          
Pay vs Performance Disclosure          
Non-GAAP Measure Description Our company-selected measure, which is the measure we believe represents the most important financial performance not otherwise presented in the table above that we use to link CAP to our NEOs for fiscal 2025 to our company’s performance, is Profit Before Taxes Margin (as defined elsewhere in this proxy statement, “PBT Margin”). PBT Margin is a non-GAAP financial measure that takes GAAP Income Before Taxes, adds back litigation settlement expense, and in prior years, adds back or subtracts other nonrecurring items, and divides by Net Sales. For a reconciliation of this non-GAAP financial measure for fiscal year 2025, see Annex A at the end of this proxy statement.        
Fabio Sandri [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 16,408,520 $ 3,942,031 $ 2,577,965 $ 3,011,423 $ 8,581,691
PEO Actually Paid Compensation Amount $ 17,875,708 $ 5,767,302 $ 4,660,929 $ 95,033 $ 16,487,836
PEO Name Fabio Sandri Fabio Sandri Fabio Sandri Fabio Sandri Fabio Sandri
PEO | Measure:: 1          
Pay vs Performance Disclosure          
Name PBT Margin(1)        
PEO | Measure:: 2          
Pay vs Performance Disclosure          
Name U.S. EBIT per processed pound(2)        
PEO | Measure:: 3          
Pay vs Performance Disclosure          
Name Mexico EBIT margin(3)        
PEO | Measure:: 4          
Pay vs Performance Disclosure          
Name Europe EBIT margin(4)        
PEO | Fabio Sandri [Member] | Share-based Compensation Transactions [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (13,437,807) $ (942,956) $ (613,554) $ (731,408) $ (6,062,913)
PEO | Fabio Sandri [Member] | Equity Awards Granted in During the Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 14,306,749 2,895,577 700,990 0 13,044,043
PEO | Fabio Sandri [Member] | Equity Awards Granted in Prior Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (964,977) 4,129,160 1,737,787 (2,289,880) 1,149,663
PEO | Fabio Sandri [Member] | Equity Awards Granted in During the Year, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,361,442 0 0 0 0
PEO | Fabio Sandri [Member] | Equity Awards Granted in Prior Year, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 201,781 929,629 257,741 104,898 4,589
PEO | Fabio Sandri [Member] | Equity Awards Granted in Prior Year, Forfeited or Cancelled [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (5,186,139) 0 0 (229,237)
Non-PEO NEO | Share-based Compensation Transactions [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,812,457) (490,329) (340,853) (406,338) (921,087)
Non-PEO NEO | Equity Awards Granted in During the Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,453,894 1,505,671 389,439 0 1,506,985
Non-PEO NEO | Equity Awards Granted in Prior Year, Unvested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (310,616) 1,025,926 38,204 0 0
Non-PEO NEO | Equity Awards Granted in During the Year, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 225,030
Non-PEO NEO | Equity Awards Granted in Prior Year, Vested [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 144,745 0 85,417 0 0
Non-PEO NEO | Equity Awards Granted in Prior Year, Forfeited or Cancelled [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0