LOWELL, Ark. — Total compensation was down for all the named executives at J.B. Hunt Transport Services Inc. of Lowell in fiscal 2023, according to a proxy filed by the company with the U.S. Securities & Exchange Commission.
The drop in pay was because none of the executives received bonuses after J.B. Hunt failed to meet minimum operating income standards for the year. The company reported operating income of $993 million in 2023, well below the minimum standard of $1.24 billion for the non-equity incentive plan payout.
Outgoing CEO John Roberts was again the highest-paid executive at J.B. Hunt with total compensation of $8.25 million, which was down from $9.2 million in 2022. His compensation included a base salary of $997,692 and stock awards of $7.2 million; the previous year he had earned $1.6 million in incentive compensation but received none in 2023.
To read more about the compensation plan, our content partner Arkansas Business has the full article here.
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