Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

The SEC requires us to disclose the following pay versus performance information. The table below provides information concerning the relationship between compensation actually paid to Named Executive Officers, calculated in accordance with SEC rules, and Company performance for fiscal years 2025, 2024, 2023, 2022, and 2021.


(a)	(b)		(c)		(d)		(e)		(f)		(g)		(h)			(i)

									Value of Initial Fixed $100
Fiscal Year	Summary Compensation Table Total for PEO ($)		Compensation Actually Paid to PEO ($) (1) (2)		Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($)		Average Compensation Actually Paid to Non-PEO Named Executive Officers ($) (1) (3)		Total Shareholder Return ($)		Peer Group Total Shareholder Return ($) (4)		Net Income (Loss) ($ Millions) (5)			Adjusted EPS ($) (6)
2025		10,976,383		7,810,695		4,570,585		4,019,357		118.65		122.65		(1,230.8	)		10.12
2024		10,367,569		3,893,704		3,161,327		1,416,797		112.74		130.75		744.0			9.94
2023		11,348,537		11,781,764		3,088,211		3,566,854		146.81		147.42		(91.3	)		8.92
2022		8,511,639		8,485,002		2,883,391		2,690,945		126.56		132.33		631.7			8.88
2021		12,450,437		12,995,067		3,321,746		4,103,342		117.58		117.59		876.3			9.12

(1)

Mark Smucker served as our principal executive officer (“PEO”) for 2021, 2022, 2023, 2024, and 2025. Our

non-PEO

Named Executive Officers (“NEOs”) included Tucker Marshall, John Brase, Jeannette Knudsen, and Richard Smucker for 2021 and 2022, and Tucker Marshall, John Brase, Jeannette Knudsen, and Jill Penrose for 2023, 2024, and 2025.

(2)	Compensation Actually Paid to our PEO reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:


PEO	2025			2024			2023			2022			2021
Summary Compensation Table (“SCT”) Total for PEO (Column (b))		10,976,383			10,367,569			11,348,537			8,511,639			12,450,437
Less: Stock Award Values Reported in SCT		(6,549,243	)		(5,188,571	)		(5,014,262	)		(4,143,838	)		(3,598,208	)
Less: Option Award Values Reported in SCT		—			(1,297,115	)		(1,253,526	)		(1,381,245	)		(1,199,375	)
Plus: Fair Value of Outstanding Unvested Equity Awards Granted in the Covered Year		6,602,624			4,287,020			7,679,823			5,925,060			6,557,375
Change in Fair Value of Outstanding Unvested Equity Awards from Prior Years		(2,079,119	)		(4,341,705	)		575,031			(1,311,156	)		1,889,530
Change in Fair Value of Equity Awards from Prior Years that Vested in the Covered Year		(186,038	)		(141,039	)		(819,058	)		226,270			(180,888	)
Less: Fair Value of Equity Awards from Prior Years that failed to vest in the Covered Year		—			—			—			—
Plus: Dollar Value of Dividends Paid on Equity Awards in the Covered Year		280,291			207,545			323,409			279,441			345,654
Change in Fair Value for Equity Award Modifications		—			—			—			—
Less: Aggregate Change in Actuarial Present Value of Pension Benefits		(1,234,203	)		—			(1,160,679	)		—			(3,626,179	)
Plus: Service Cost of Pension Benefits		—			—			102,489			378,831			356,721
Plus: Prior Service Cost of Pension Benefits		—			—			—			—
Compensation Actually Paid to PEO (Column (c))		7,810,695			3,893,704			11,781,764			8,485,002			12,995,067

(3)	Average Compensation Actually Paid to our non-PEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:



Average for Non-PEO NEOs	2025			2024			2023			2022			2021

Average SCT Total for Non-PEOs (Column (d))		4,570,585			3,161,327			3,088,211			2,883,391			3,321,746

Less: Stock Award Values Reported in SCT		(3,302,319	)		(1,288,159	)		(1,205,149	)		(1,110,969	)		(1,082,985	)

Less: Option Award Values Reported in SCT		—			(322,017	)		(301,271	)		(370,309	)		(360,975	)

Plus: Fair Value of Outstanding Unvested Equity Awards Granted in the Covered Year		3,328,374			1,064,327			1,845,789			1,498,861			1,973,615

Change in Fair Value of Outstanding Unvested Equity Awards from Prior Years		(506,378	)		(1,228,516	)		125,057			(255,680	)		303,178

Change in Fair Value of Equity Awards from Prior Years that Vested in the Covered Year		(147,696	)		(26,990	)		(25,573	)		26,629			(21,768	)

Less: Fair Value of Equity Awards from Prior Years that failed to vest in the Covered Year		—			—			—			—			—

Plus: Dollar Value of Dividends Paid on Equity Awards in the Covered Year		78,927			56,825			39,790			19,022			22,821

Change in Fair Value for Equity Award Modifications		—			—			—			—

Less: Aggregate Change in Actuarial Present Value of Pension Benefits		(2,136	)		—			—			—			(52,290	)

Plus: Service Cost of Pension Benefits		—			—			—			—

Plus: Prior Service Cost of Pension Benefits		—			—			—			—

Compensation Actually Paid to Non-PEO (Column (e))		4,019,357			1,416,797			3,566,854			2,690,945			4,103,342

(4)	Represents the cumulative total shareholder return of the S&P Packaged Foods & Meats, which we consider to be our peer group for purposes of the performance graph included in our Annual Report on Form 10-K.

(5)

The fiscal year 2023 net loss includes the loss on the divestiture of certain pet food brands. The fiscal year 2025 net loss includes the impairment charge related to the goodwill of the Sweet Baked Snacks reporting unit, the impairment charge related to the

Hostess

brand indefinite-lived trademark, and the loss on the divestitures of certain Sweet Baked Snacks value brands and the

Voortman

business. For further information, please see the Consolidated Financial Statements in our Annual Report on Form

10-K.

(6)	For information regarding the calculation of Adjusted Earnings per Share, please see the Compensation Discussion and Analysis section in this Proxy Statement.

Company Selected Measure Name

Adjusted Earnings per Share

Named Executive Officers, Footnote

Executive Officers (“NEOs”) included Tucker Marshall, John Brase, Jeannette Knudsen, and Richard Smucker for 2021 and 2022, and Tucker Marshall, John Brase, Jeannette Knudsen, and Jill Penrose for 2023, 2024, and 2025.

Peer Group Issuers, Footnote

Represents the cumulative total shareholder return of the S&P Packaged Foods & Meats, which we consider to be our peer group for purposes of the performance graph included in our Annual Report on Form

10-K.

PEO Total Compensation Amount

$ 10,976,383

$ 10,367,569

$ 11,348,537

$ 8,511,639

$ 12,450,437

PEO Actually Paid Compensation Amount

$ 7,810,695

3,893,704

11,781,764

8,485,002

12,995,067

Adjustment To PEO Compensation, Footnote

(2)	Compensation Actually Paid to our PEO reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:


PEO	2025			2024			2023			2022			2021
Summary Compensation Table (“SCT”) Total for PEO (Column (b))		10,976,383			10,367,569			11,348,537			8,511,639			12,450,437
Less: Stock Award Values Reported in SCT		(6,549,243	)		(5,188,571	)		(5,014,262	)		(4,143,838	)		(3,598,208	)
Less: Option Award Values Reported in SCT		—			(1,297,115	)		(1,253,526	)		(1,381,245	)		(1,199,375	)
Plus: Fair Value of Outstanding Unvested Equity Awards Granted in the Covered Year		6,602,624			4,287,020			7,679,823			5,925,060			6,557,375
Change in Fair Value of Outstanding Unvested Equity Awards from Prior Years		(2,079,119	)		(4,341,705	)		575,031			(1,311,156	)		1,889,530
Change in Fair Value of Equity Awards from Prior Years that Vested in the Covered Year		(186,038	)		(141,039	)		(819,058	)		226,270			(180,888	)
Less: Fair Value of Equity Awards from Prior Years that failed to vest in the Covered Year		—			—			—			—
Plus: Dollar Value of Dividends Paid on Equity Awards in the Covered Year		280,291			207,545			323,409			279,441			345,654
Change in Fair Value for Equity Award Modifications		—			—			—			—
Less: Aggregate Change in Actuarial Present Value of Pension Benefits		(1,234,203	)		—			(1,160,679	)		—			(3,626,179	)
Plus: Service Cost of Pension Benefits		—			—			102,489			378,831			356,721
Plus: Prior Service Cost of Pension Benefits		—			—			—			—
Compensation Actually Paid to PEO (Column (c))		7,810,695			3,893,704			11,781,764			8,485,002			12,995,067

Non-PEO NEO Average Total Compensation Amount

$ 4,570,585

3,161,327

3,088,211

2,883,391

3,321,746

Non-PEO NEO Average Compensation Actually Paid Amount

$ 4,019,357

1,416,797

3,566,854

2,690,945

4,103,342

Adjustment to Non-PEO NEO Compensation Footnote

(3)	Average Compensation Actually Paid to our non-PEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:



Average for Non-PEO NEOs	2025			2024			2023			2022			2021

Average SCT Total for Non-PEOs (Column (d))		4,570,585			3,161,327			3,088,211			2,883,391			3,321,746

Less: Stock Award Values Reported in SCT		(3,302,319	)		(1,288,159	)		(1,205,149	)		(1,110,969	)		(1,082,985	)

Less: Option Award Values Reported in SCT		—			(322,017	)		(301,271	)		(370,309	)		(360,975	)

Plus: Fair Value of Outstanding Unvested Equity Awards Granted in the Covered Year		3,328,374			1,064,327			1,845,789			1,498,861			1,973,615

Change in Fair Value of Outstanding Unvested Equity Awards from Prior Years		(506,378	)		(1,228,516	)		125,057			(255,680	)		303,178

Change in Fair Value of Equity Awards from Prior Years that Vested in the Covered Year		(147,696	)		(26,990	)		(25,573	)		26,629			(21,768	)

Less: Fair Value of Equity Awards from Prior Years that failed to vest in the Covered Year		—			—			—			—			—

Plus: Dollar Value of Dividends Paid on Equity Awards in the Covered Year		78,927			56,825			39,790			19,022			22,821

Change in Fair Value for Equity Award Modifications		—			—			—			—

Less: Aggregate Change in Actuarial Present Value of Pension Benefits		(2,136	)		—			—			—			(52,290	)

Plus: Service Cost of Pension Benefits		—			—			—			—

Plus: Prior Service Cost of Pension Benefits		—			—			—			—

Compensation Actually Paid to Non-PEO (Column (e))		4,019,357			1,416,797			3,566,854			2,690,945			4,103,342

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

Tabular List of Financial Performance Measures

The following represent the most important financial performance measures used to link compensation actually paid to Company performance. Please see the Compensation Discussion and Analysis section in this Proxy Statement for further details.

Adjusted Earnings per Share

Adjusted Operating Income

Net Sales

Free Cash Flow

Total Shareholder Return Amount

$ 118.65

112.74

146.81

126.56

117.58

Peer Group Total Shareholder Return Amount

122.65

130.75

147.42

132.33

117.59

Net Income (Loss)

$ (1,230,800,000)

$ 744,000,000

$ (91,300,000)

$ 631,700,000

$ 876,300,000

Company Selected Measure Amount

10.12

9.94

8.92

8.88

9.12

PEO Name

Mark Smucker

Measure:: 1

Adjusted Earnings per Share

Measure:: 2

Adjusted Operating Income

Measure:: 3

Net Sales

Measure:: 4

PEO | Stock Award [Member]

Free Cash Flow

PEO | Option Award [Member]

$ (6,549,243)

$ (5,188,571)

$ (5,014,262)

$ (4,143,838)

$ (3,598,208)

PEO | Fair Value of Outstanding Unvested Equity Awards Granted [Member]

(1,297,115)

(1,253,526)

(1,381,245)

(1,199,375)

PEO | Change in Fair Value of Outstanding Unvested Equity Awards [Member]

6,602,624

4,287,020

7,679,823

5,925,060

6,557,375

PEO | Change in Fair Value of Equity Awards that Vested [Member]

(2,079,119)

(4,341,705)

575,031

(1,311,156)

1,889,530

PEO | Dividends Paid on Equity Awards [Member]

(186,038)

(141,039)

(819,058)

226,270

(180,888)

PEO | Change in Actuarial Present Value Pension Benefits [Member]

280,291

207,545

323,409

279,441

345,654

PEO | Service Cost [Member]

(1,234,203)

(1,160,679)

(3,626,179)

Non-PEO NEO | Stock Award [Member]

102,489

378,831

356,721

Non-PEO NEO | Option Award [Member]

(3,302,319)

(1,288,159)

(1,205,149)

(1,110,969)

(1,082,985)

Non-PEO NEO | Fair Value of Outstanding Unvested Equity Awards Granted [Member]

(322,017)

(301,271)

(370,309)

(360,975)

Non-PEO NEO | Change in Fair Value of Outstanding Unvested Equity Awards [Member]

3,328,374

1,064,327

1,845,789

1,498,861

1,973,615

Non-PEO NEO | Change in Fair Value of Equity Awards that Vested [Member]

(506,378)

(1,228,516)

125,057

(255,680)

303,178

Non-PEO NEO | Dividends Paid on Equity Awards [Member]

(147,696)

(26,990)

(25,573)

26,629

(21,768)

Non-PEO NEO | Change in Actuarial Present Value Pension Benefits [Member]

78,927

$ 56,825

$ 39,790

$ 19,022

22,821