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# Oil-Dri CEO Got $449,400 In Charity Gifts He Directed, Inside $2.4 Million Pay Package
- URL: https://www.bullished.co/oil-dri-ceo-got-449-400-in-charity-gifts-he-directed-inside-2-4-million-pay-package-ee257909/
- Published: 2026-10-27T20:46:45.000Z
- Updated: 2026-10-28T15:33:57.000Z
- Description: Perks of $489,294 lifted Daniel Jaffee's total to $2,398,755, about 29 times the median employee, while a director's law firm billed $909,593.
- Author: Matteo Parrino
- Tags: SEC Filings, ODC, Industry: Not classified, Topic: Leadership & Governance

Oil-Dri CEO Daniel S. Jaffee received [$489,294 in perquisites](https://www.sec.gov/Archives/edgar/data/0000074046/000162828026067573/odc-20261027.htm?ref=bullished.co) in fiscal 2026, and $449,400 of that was charitable donations the company made at his direction, according to the company's proxy statement filed Tuesday. His total pay was $2,398,755, about 29 times the $82,866 earned by the median employee.

## Perks and a bonus at target

[Oil-Dri](https://www.bullished.co/tag/odc/), which mines clay near its plants and sells sorbent products including Cat's Pride and Jonny Cat cat litter, also counted [$34,128 of private plane use](https://www.sec.gov/Archives/edgar/data/0000074046/000162828026067573/odc-20261027.htm?ref=bullished.co) and auto allowances among Jaffee's perks. His other pay was a $931,944 salary and $838,750 in cash incentives, plus $118,206 in dividends on unvested restricted stock and a $20,561 401(k) match.

The bonus paid at 100% of target. Net income came in at $56,968,547 against a $57,236,000 target, and the Compensation Committee this year switched the yardstick from adjusted pre-tax, pre-bonus income to net income.

Jaffee asked not to be eligible for the deferred bonus other executives receive. The committee instead gave him a cash award at 100% of target, intended to be comparable to what he would have received.

## Family jobs and a director's law firm

The proxy discloses that Oil-Dri paid Vedder Price, the law firm Compensation Committee member Michael A. Nemeroff leads as president and CEO, $909,593 in fees and cost reimbursements during fiscal 2026.

Jaffee's sister, Karen Jaffee Cofsky, works part-time as vice president of benefits on a $144,200 salary, with a $36,050 cash incentive and a $14,420 deferred bonus. Her husband, Thomas F. Cofsky, works part-time as vice president of global infrastructure on $292,081, with a $102,229 cash incentive and a $58,416 deferred bonus.

The board is shrinking from nine seats to eight because director Amy L. Ryan is not standing for re-election.

## Equity swings drive the total

Jaffee's pay moves with stock grants: $10,603,516 in fiscal 2024, when he received $7,973,750 in restricted stock, then $2,295,850 in fiscal 2025\. No stock was granted in fiscal 2026.

When 82,000 restricted Class B shares vested this year, he realized $4,843,740, a sum outside the pay table's total. He still holds 186,000 unvested restricted Class B shares, worth $18,453,060 at the $99.21 close on July 31, 2026, vesting in three tranches of 62,000 shares starting October 19, 2026.

Shareholders last approved executive pay in a vote the proxy cites, with 97.7% support for fiscal 2023.

Oil-Dri [reports first-quarter fiscal 2027 results](https://www.globenewswire.com/news-release/2026/10/27/3389633/0/en/oil-dri-to-host-first-quarter-2027-earnings-discussion-and-fiscal-year-2026-annual-meeting-of-stockholders-via-live-webcast.html?ref=bullished.co) after the close on Monday, December 7, and holds its virtual annual meeting at 9:30 a.m. Central on Tuesday, December 8.

Learn

- [A Checklist For Reading A Proxy Statement's Executive Pay Table →](https://www.bullished.co/learn/how-to-read-proxy-statement-executive-compensation/)  
Read a proxy statement's executive pay in six steps: summary table, pay ratio, perks, related-party deals, activist settlements and votes, with real examples.

### Sources

- [Oil-Dri — DEF 14A (2026-10-27)](https://www.sec.gov/Archives/edgar/data/0000074046/000162828026067573/odc-20261027.htm?ref=bullished.co) — SEC EDGAR
- [Oil-Dri to Host First Quarter 2027 Earnings Discussion and](https://www.globenewswire.com/news-release/2026/10/27/3389633/0/en/oil-dri-to-host-first-quarter-2027-earnings-discussion-and-fiscal-year-2026-annual-meeting-of-stockholders-via-live-webcast.html?ref=bullished.co) — globenewswire.com

### More on Oil-Dri

- [Oil-Dri CFO Says Reinvestment Could Run 'Higher Than You've Seen' As Borrowing Capacity Rises To $375 Million](https://www.bullished.co/oil-dri-cfo-says-reinvestment-could-run-higher-than-youve-seen-as-borrowing-capacity-rises-ec2fa950/)
- [Oil-Dri's New Bank Amendment Bars Dividends And Buybacks During A Default, 10-K Shows](https://www.bullished.co/oil-dris-new-bank-amendment-lets-lenders-restrict-dividends-and-buybacks-10-k-shows-33519ce4/)
- [Oil-Dri Posts Record $493.8 Million Sales And $57.0 Million Profit, Even As Gross Margin Slips To 27.8%](https://www.bullished.co/oil-dri-posts-record-493-8-million-sales-and-57-0-million-profit-even-as-gross-margin-d7be82cc/)

[All Oil-Dri (ODC) coverage →](https://www.bullished.co/tag/odc/)