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Pay vs Performance Disclosure | 12 Months Ended
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Dec. 29, 2024 USD ($) | Dec. 31, 2023 USD ($) | Dec. 25, 2022 USD ($) | Dec. 26, 2021 USD ($) | Dec. 27, 2020 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) ($) |  | Summary Compensation Table - PEO #2(1) ($) |  | Compensation Actually Paid - PEO #2(2) ($) |  | Summary Compensation Table - Non-PEO NEO(1) ($) |  | Compensation Actually Paid - Non-PEO NEO(2) ($) |  | PPC TSR |  | Peer Group TSR |  | Net Income ($) |  | CSM: Profit Before Taxes Margin (%)
2024 | 3,942,031 |  |  | 5,767,299 |  |  | — |  |  | — |  |  | 2,081,877 |  |  | 4,123,145 |  |  | $ | 139.28 |  |  | $ | 75.72 |  |  | 1,087,223 |  |  | 8.8 | %
2023 | 2,577,965 |  |  | 4,660,929 |  |  | — |  |  | — |  |  | 1,292,761 |  |  | 1,464,968 |  |  | 83.89 |  |  | 70.57 |  |  | 322,317 |  |  | 2.5 | %
2022 | 3,011,423 |  |  | 95,033 |  |  | — |  |  | — |  |  | 1,610,695 |  |  | 1,204,357 |  |  | 72.19 |  |  | 87.04 |  |  | 746,538 |  |  | 6.1 | %
2021 | 8,581,691 |  |  | 16,487,836 |  |  | — |  |  | — |  |  | 1,905,296 |  |  | 2,716,224 |  |  | 83.56 |  |  | 102.90 |  |  | 31,268 |  |  | 5.1 | %
2020 | 2,546,931 |  |  | (2,709,606) |  |  | 723,665 |  |  | (11,406,682) |  |  | — |  |  | — |  |  | 58.69 |  |  | 86.84 |  |  | 95,070 |  |  | 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:
Year |  | PEO #1 |  | PEO #2 |  | Other NEOs
2024 |  | Fabio Sandri |  | N/A |  | Matthew Galvanoni
2023 |  | Fabio Sandri |  | N/A |  | Matthew Galvanoni
2022 |  | Fabio Sandri |  | N/A |  | Matthew Galvanoni
2021 |  | Fabio Sandri |  | N/A |  | Matthew Galvanoni
2020 |  | Fabio Sandri |  | Jayson Penn |  | N/A
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:
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020
Adjustments | PEO #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 ($) |  | PEO #2 ($) |  |
Total Compensation from SCT | $ | 3,942,031 |  |  | $ | 2,081,877 |  |  | $ | 2,577,965 |  |  |  |  | $ | 1,292,761 |  |  | $ | 3,011,423 |  |  |  |  | $ | 1,610,695 |  |  | $ | 8,581,691 |  |  |  |  | $ | 1,905,296 |  |  | $ | 2,546,931 |  |  | $ | 723,665 |  |  |
Adjustments for stock and option awards: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Subtraction): SCT amounts | (942,956) |  |  | (490,329) |  |  | (613,554) |  |  |  |  | (340,853) |  |  | (731,408) |  |  |  |  | (406,338) |  |  | (6,062,913) |  |  |  |  | (921,087) |  |  | (1,425,900) |  |  | — |  |  |
Fair value at year-end of awards granted in the year and unvested at year end | 2,895,577 |  |  | 1,505,671 |  |  | 700,990 |  |  |  |  | 389,439 |  |  | — |  |  |  |  | — |  |  | 13,044,043 |  |  |  |  | 1,506,985 |  |  | 2,472,077 |  |  | — |  |  |
Change in fair value from prior year end of outstanding and unvested awards granted in prior years | 4,129,160 |  |  | 1,025,926 |  |  | 1,737,787 |  |  |  |  | 38,204 |  |  | (2,289,880) |  |  |  |  | — |  |  | 1,149,663 |  |  |  |  | — |  |  | (559,648) |  |  | — |  |  |
Vesting date fair value of awards granted and vesting during such year | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | 225,030 |  |  | — |  |  | — |  |  |
Change in fair value from prior year end of vested awards granted in prior years | 929,626 |  |  | — |  |  | 257,741 |  |  |  |  | 85,417 |  |  | 104,898 |  |  |  |  | — |  |  | 4,589 |  |  |  |  | — |  |  | (1,786,666) |  |  | (1,787,262) |  |  |
Fair value at end of prior year of awards granted in prior years that were forfeited | (5,186,139) |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | — |  |  | (229,237) |  |  |  |  | — |  |  | (3,956,400) |  |  | (10,343,085) |  |  |
Compensation Actually Paid (as calculated) | $ | 5,767,299 |  |  | $ | 4,123,145 |  |  | $ | 4,660,929 |  |  |  |  | $ | 1,464,968 |  |  | $ | 95,033 |  |  |  |  | $ | 1,204,357 |  |  | $ | 16,487,836 |  |  |  |  | $ | 2,716,224 |  |  | $ | (2,709,606) |  |  | $ | (11,406,682) |  |  |
Non-PEO NEO Average Total Compensation Amount | $ 2,081,877 | $ 1,292,761 | $ 1,610,695 | $ 1,905,296 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 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:
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020
Adjustments | PEO #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 ($) |  | PEO #2 ($) |  |
Total Compensation from SCT | $ | 3,942,031 |  |  | $ | 2,081,877 |  |  | $ | 2,577,965 |  |  |  |  | $ | 1,292,761 |  |  | $ | 3,011,423 |  |  |  |  | $ | 1,610,695 |  |  | $ | 8,581,691 |  |  |  |  | $ | 1,905,296 |  |  | $ | 2,546,931 |  |  | $ | 723,665 |  |  |
Adjustments for stock and option awards: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Subtraction): SCT amounts | (942,956) |  |  | (490,329) |  |  | (613,554) |  |  |  |  | (340,853) |  |  | (731,408) |  |  |  |  | (406,338) |  |  | (6,062,913) |  |  |  |  | (921,087) |  |  | (1,425,900) |  |  | — |  |  |
Fair value at year-end of awards granted in the year and unvested at year end | 2,895,577 |  |  | 1,505,671 |  |  | 700,990 |  |  |  |  | 389,439 |  |  | — |  |  |  |  | — |  |  | 13,044,043 |  |  |  |  | 1,506,985 |  |  | 2,472,077 |  |  | — |  |  |
Change in fair value from prior year end of outstanding and unvested awards granted in prior years | 4,129,160 |  |  | 1,025,926 |  |  | 1,737,787 |  |  |  |  | 38,204 |  |  | (2,289,880) |  |  |  |  | — |  |  | 1,149,663 |  |  |  |  | — |  |  | (559,648) |  |  | — |  |  |
Vesting date fair value of awards granted and vesting during such year | — |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | 225,030 |  |  | — |  |  | — |  |  |
Change in fair value from prior year end of vested awards granted in prior years | 929,626 |  |  | — |  |  | 257,741 |  |  |  |  | 85,417 |  |  | 104,898 |  |  |  |  | — |  |  | 4,589 |  |  |  |  | — |  |  | (1,786,666) |  |  | (1,787,262) |  |  |
Fair value at end of prior year of awards granted in prior years that were forfeited | (5,186,139) |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | — |  |  | (229,237) |  |  |  |  | — |  |  | (3,956,400) |  |  | (10,343,085) |  |  |
Compensation Actually Paid (as calculated) | $ | 5,767,299 |  |  | $ | 4,123,145 |  |  | $ | 4,660,929 |  |  |  |  | $ | 1,464,968 |  |  | $ | 95,033 |  |  |  |  | $ | 1,204,357 |  |  | $ | 16,487,836 |  |  |  |  | $ | 2,716,224 |  |  | $ | (2,709,606) |  |  | $ | (11,406,682) |  |  |
Compensation Actually Paid vs. Net Income |  |  |  |  |
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: |  |  |  |
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 29, 2019 (the last trading day of 2019) 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 2024 Program.” For a reconciliation of this non-GAAP financial measure for fiscal year 2024, 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 2024 Program.” (3)Mexico EBIT margin is defined in the CD&A under “Performance Metrics for 2024 Program.” (4)Europe EBIT margin is defined in the CD&A under “Performance Metrics for 2024 Program.” |  |  |  |
Total Shareholder Return Amount | $ 139.28 | 83.89 | 72.19 | 83.56 | $ 58.69
Peer Group Total Shareholder Return Amount | 75.72 | 70.57 | 87.04 | 102.90 | 86.84
Net Income (Loss) | $ 1,087,223,000 | $ 322,317,000 | $ 746,538,000 | $ 31,268,000 | $ 95,070,000
Company Selected Measure Amount | 0.088 | 0.025 | 0.061 | 0.051 | 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 2024 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, subtracts gain on early extinguishment of debt, and in prior years, other nonrecurring items, and divides by Net Sales. For a reconciliation of this non-GAAP financial measure for fiscal year 2024, see Annex A at the end of this proxy statement. |  |  |  |
Fabio Sandri [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
PEO Total Compensation Amount | $ 3,942,031 | $ 2,577,965 | $ 3,011,423 | $ 8,581,691 | $ 2,546,931
PEO Actually Paid Compensation Amount | $ 5,767,299 | $ 4,660,929 | $ 95,033 | $ 16,487,836 | $ (2,709,606)
PEO Name | Fabio Sandri | Fabio Sandri | Fabio Sandri | Fabio Sandri | Fabio Sandri
Jayson Penn [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
PEO Total Compensation Amount |  |  |  |  | $ 723,665
PEO Actually Paid Compensation Amount |  |  |  |  | $ (11,406,682)
PEO Name |  |  |  |  | Jayson Penn
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 | $ (942,956) | $ (613,554) | $ (731,408) | $ (6,062,913) | $ (1,425,900)
PEO | Fabio Sandri [Member] | Equity Awards Granted in During the Year, Unvested [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 2,895,577 | 700,990 | 0 | 13,044,043 | 2,472,077
PEO | Fabio Sandri [Member] | Equity Awards Granted in Prior Year, Unvested [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 4,129,160 | 1,737,787 | (2,289,880) | 1,149,663 | (559,648)
PEO | Fabio Sandri [Member] | Equity Awards Granted in During the Year, Vested [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 0 | 0 | 0 | 0 | 0
PEO | Fabio Sandri [Member] | Equity Awards Granted in Prior Year, Vested [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 929,626 | 257,741 | 104,898 | 4,589 | (1,786,666)
PEO | Fabio Sandri [Member] | Equity Awards Granted in Prior Year, Forfeited or Cancelled [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (5,186,139) | 0 | 0 | (229,237) | (3,956,400)
PEO | Jayson Penn [Member] | Share-based Compensation Transactions [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount |  |  |  |  | 0
PEO | Jayson Penn [Member] | Equity Awards Granted in During the Year, Unvested [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount |  |  |  |  | 0
PEO | Jayson Penn [Member] | Equity Awards Granted in Prior Year, Unvested [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount |  |  |  |  | 0
PEO | Jayson Penn [Member] | Equity Awards Granted in During the Year, Vested [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount |  |  |  |  | 0
PEO | Jayson Penn [Member] | Equity Awards Granted in Prior Year, Vested [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount |  |  |  |  | (1,787,262)
PEO | Jayson Penn [Member] | Equity Awards Granted in Prior Year, Forfeited or Cancelled [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount |  |  |  |  | $ (10,343,085)
Non-PEO NEO | Share-based Compensation Transactions [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (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 | 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 | 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 | 225,030 |
Non-PEO NEO | Equity Awards Granted in Prior Year, Vested [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 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 |

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