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PILGRIMS PRIDE CORP

For the period ended Apr 29, 2026. Filed Apr 2, 2026.

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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Apr 29, 2026 · Filed Apr 2, 2026

PPC$28.53-0.3%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES

EXCHANGE ACT OF 1934

(Amendment No. )

Filed by the Registrantý

Filed by a Party other than the Registranto

Check the appropriate box:

o Preliminary Proxy Statement

o Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

ý Definitive Proxy Statement

o Definitive Additional Materials

o Soliciting Material Pursuant to §240.14a-12

PILGRIM’S PRIDE CORPORATION

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

ý No fee required.

o Fee paid previously with preliminary materials.

o Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

Dear Fellow Pilgrim’s Stockholders:

Throughout 2025, our team embraced a leadership mindset to accelerate the implementation of our strategies. We continued to emphasize team member safety and wellbeing, strengthened our focus on quality and service, and advanced innovation. Given these efforts, we delivered another year of strong results, while building the foundation for further profitable growth.

In the U.S., the relative affordability and convenience of chicken continued to resonate with consumers across both the retail and foodservice channels. Demand from our Key Customers in Case Ready increased more than twice the category average. Small Bird also experienced strong momentum as growth from QSRs was over 30% higher than the overall channel. In Big Bird, operational excellence efforts drove new performance milestones in yield, labor efficiency, and productivity.

Prepared Foods growth continued to accelerate as sales rose over 20% compared to last year. Within the frozen fully cooked category, Just Bare® maintained its leadership in velocity among all branded offerings as retail sales rose over 50% compared to last year. Equally important, we continued to strengthen and diversify our portfolio through brand development. Just Bare® reached one billion dollars in retail sales across fresh and fully cooked, achieving 13% market share in just three years.

In Europe, our strategies continued to drive progress. We cultivated multiple Key Customer partnerships through long-term agreements for differentiated, higher attribute chicken and pork offerings. Growth in our Fridge Raiders® and Rollover® brands outpaced category averages. For our Richmond® brand, we cultivated the foundation to reinvigorate growth through investments in new product development, brand awareness, and promotional activity. Innovation also accelerated as over 2,000 new items were launched to meet evolving marketplace needs and consumer preferences. In addition, we continued to drive efficiencies with further progress in manufacturing network optimization and back-office consolidation. Our efforts continue to be commended throughout the marketplace as we were recognized as the Food Manufacturer Of the Year in the most recent edition of the Food Manufacture Excellence Awards.

Mexico delivered solid performance despite a volatile live commodity market during the year. Key Customer partnerships in Fresh continued to grow, and Prepared Foods expanded its presence across retail, food service and QSR. Momentum for branded offerings continues to strengthen as overall sales rose nearly 9% compared to last year.

We continue to invest in our global portfolio to drive growth, enhance margins, and reduce volatility. In the U.S., we began construction of a new fully cooked processing facility in Walker County, Ga., to support our expansion of Prepared Foods, launched a series of projects in Big Bird to improve production efficiencies, and started the conversion of our Russellville facility to accelerate the growth with a retail Key Customer. In Mexico, efforts to develop national distribution capabilities in Fresh and support growth in value added remained on schedule. Given this work, we will have a more differentiated, resilient portfolio better equipped to meet consumer trends and navigate market dynamics.

Throughout these initiatives, we remained committed to generating shareholder value while maintaining the financial flexibility required to support future growth. To that end, we paid out nearly $2.0 billion of special dividends and maintained a net leverage ratio of less than 1.1X Adjusted EBITDA* (Earnings Before Interest, Taxes Depreciation and Amortization).

Sustainability remains a key pillar of our business. Operations reduced their direct and indirect emission intensity associated with processing compared to last year, and external agencies continued to recognize progress in environmental and social matters. Equally importantly, over 2,300 team members have signed up for our Better Futures program that provides tuition-free community college for Pilgrim’s team members and their children, and 780 have started their chosen academic pathway.

For fiscal year 2025, we had net sales of $18.5 billion, generating net income of $1.1 billion and GAAP EPS of $4.54. Our Adjusted EBITDA was $2.3 billion, or a 12.3% margin.

Moving forward, we will continue to execute with discipline and remain firmly grounded in our values, maintaining our commitment to team member safety and wellbeing along with the strategic priorities that drive our business. By staying focused on these fundamentals, we are well positioned to strengthen our performance in 2026 and beyond, advancing our ambition to be the best and most respected company in our industry.

Thank you for your continued support.

/s/ Fabio Sandri

Fabio Sandri

President and Global Chief Executive Officer, Pilgrim’s Pride Corporation

  • For a reconciliation of this non-GAAP financial measure to the comparable GAAP measure, please see Annex A to this proxy statement.

Pilgrim’s Pride Corporation

1770 Promontory Circle

Greeley, Colorado 80634

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

To Be Held April 29, 2026

The annual meeting of stockholders of Pilgrim’s Pride Corporation will be held at Pilgrim’s Pride corporate headquarters, at 1770 Promontory Circle, Greeley, Colorado, on Wednesday, April 29, 2026, at 8:00 a.m., Mountain time, to consider and vote on the following matters:

  1. To elect Gilberto Tomazoni, Wesley Mendonça Batista, Joesley Mendonça Batista, Andre Nogueira de Souza, Farha Aslam, Raul Padilla, Joanita Karoleski, and Wesley Mendonça Batista Filho as the eight JBS Directors;

  2. To elect Wallim Cruz de Vasconcellos Junior and Arquimedes A. Celis as the two Equity Directors;

  3. To conduct a stockholder advisory vote on executive compensation;

  4. To ratify the appointment of KPMG LLP as our independent registered public accounting firm for 2026;

  5. To vote on a stockholder proposal, if properly presented, to provide a report regarding internal diversity and inclusion policies and practices;

  6. To vote on a stockholder proposal, if properly presented, to provide a political spending disclosure; and

  7. To transact such other business as may properly be brought before the meeting or any adjournment thereof.

No other matters are expected to be voted on at the annual meeting.

The Board of Directors has fixed the close of business on March 19, 2026, as the record date for determining stockholders entitled to notice of, and to vote at, the annual meeting. If you owned shares of our common stock at the close of business on that date, you are cordially invited to attend the annual meeting. Whether or not you plan to attend the annual meeting, please vote at your earliest convenience. Most stockholders have three options for submitting their votes prior to the meeting:

(1) via the internet;

(2) by telephone; or

(3) by mail.

Please refer to the specific instructions set forth on the enclosed proxy card (if you are a stockholder of record) or voting instruction form (if you hold shares through a bank, broker or other nominee). Admission to the annual meeting will be limited to our stockholders, proxy holders and invited guests. If you are a stockholder of record, please bring a form of government-issued photo identification to the annual meeting. If you hold shares through a bank, broker or other nominee, please bring a form of government-issued photo identification and proof of beneficial ownership (such as a brokerage statement), and, if you wish to vote your shares in person, a signed legal proxy from the stockholder of record.

FABIO SANDRI
Greeley, ColoradoPresident and
April 1, 2026Chief Executive Officer

YOUR VOTE IS IMPORTANT!

PLEASE SIGN AND RETURN THE ACCOMPANYING PROXY CARD OR VOTING INSTRUCTION FORM OR VOTE YOUR SHARES ON THE INTERNET OR BY TELEPHONE BY FOLLOWING THE INSTRUCTIONS ON THE PROXY CARD OR VOTING INSTRUCTION FORM.

IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON APRIL 29, 2026: The Proxy Statement and the 2025 Annual Report on Form 10-K are available atwww.proxyvote.com. Enter the 16-digit control number located on the proxy card and click “Continue to Vote.”

TABLE OF CONTENTS

Page
General Information1
Proposal 1. Election of JBS Directors7
Proposal 2. Election of Equity Directors11
Corporate Governance12
2025 Director Compensation17
Proposal 3. Approval of the Advisory Vote on Executive Compensation19
Report of the Compensation Committee21
Compensation Discussion and Analysis22
Executive Compensation31
Compensation Risks41
Compensation Committee Interlocks and Insider Participation41
Delinquent Section 16(a) Reports42
Security Ownership42
Related Party Transactions43
Proposal 4. Ratification of the Appointment of Independent Registered Public Accounting Firm45
Report of the Audit Committee46
Independent Registered Public Accounting Firm Fee Information47
Proposal 5. Stockholder Proposal to Provide a Report Regarding Internal Diversity and Inclusion Policies and Practices48
Proposal 6. Stockholder Proposal to Provide a Political Spending Disclosure49
Householding of Stockholder Materials51
Stockholder Proposals for 2027 Annual Meeting of Stockholders51
Important Notice Regarding the Availability of Proxy Materials for the Stockholder Meeting to be Held on April 29, 202651
Other Business52
Annex A - Reconciliation of GAAP Information to Non-GAAP Financial Measure54
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.