HUNT J B TRANSPORT SERVICES INC
For the period ended Apr 24, 2025. Filed Mar 14, 2025.
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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 24, 2025 · Filed Mar 14, 2025
Contents
Pay versus Performance Table
| Year | Summary Compensation Table Total For Former PEO ($)(1) | Compensation Actually Paid to Former PEO ($)(3) | Summary Compensation Table Total For Current PEO ($)(2) | Compensation Actually Paid to Current PEO ($)(3) | Average Summary Compensation Table Total Non-PEO NEOs ($)(4) | Average Compensation Actually Paid to Non-PEO NEOs ($)(5) | Total Shareholder Return ($)(6) | Peer Group Total Shareholder Return ($)(7) | Net Income ($) (thousands)(8) | Operating Income ($)(thousands)(9) |
|---|---|---|---|---|---|---|---|---|---|---|
| (a) | (b) | (c) | (b) | (c) | (d) | (e) | (f) | (g) | (h) | (i) |
| 2020 | 7,453,372 | 10,215,473 | - | - | 3,552,426 | 3,597,136 | 118.10 | 119.84 | 506,035 | 713,119 |
| 2021 | 8,801,881 | 16,995,242 | - | - | 3,337,948 | 6,489,537 | 177.90 | 159.21 | 760,806 | 1,045,530 |
| 2022 | 9,240,455 | 5,614,863 | - | - | 4,745,765 | 3,310,170 | 153.12 | 136.89 | 969,351 | 1,331,553 |
| 2023 | 8,256,333 | 12,654,140 | - | - | 3,293,057 | 4,956,985 | 177.00 | 163.47 | 728,287 | 993,196 |
| 2024 | 8,453,609 | 3,630,463 | 11,316,727 | 9,039,000 | 2,895,170 | 1,188,599 | 152.66 | 167.78 | 570,886 | 831,225 |
| (1) | This column lists the total compensation amounts for our former principal executive officer (PEO), John N. Roberts, III, reported in the Summary Compensation Table shown on page 60 of this Proxy Statement or for the years 2021 and 2020, reported in the Summary Compensation Table included in our 2021 Proxy Statement filed on March 24, 2022. |
| (2) | This column lists the total compensation amounts for our current PEO, Shelley Simpson for 2024 reported in the Summary Compensation Table shown on page 60 of this Proxy Statement. |
| (3) | For each year listed, this column is calculated as follows: |
| 70 | Proxy Statement J.B. Hunt Transport Services, Inc. |
| Former PEO · Current PEO | |||||||
|---|---|---|---|---|---|---|---|
| 2020 · 2021 · 2022 · 2023 · 2024 · 2024 | |||||||
| Total Compensation as reported SCT | $7,453,372 | $8,801,881 | $9,240,455 | $8,256,333 | $8,453,609 | $11,316,727 | |
| (Subtract) | Pension values reported in SCT for covered fiscal year | - | - | - | - | - | - |
| (Subtract) | Fair value of stock awards granted during covered fiscal year | (6,507,402) | (6,042,085) | (6,592,523) | (7,204,478) | (7,462,218) | (10,406,600) |
| Add | Pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in the covered year | - | - | - | - | - | - |
| Add | Fair value of stock awards granted in covered fiscal year and that are unvested at end of such covered fiscal year – valued at year-end | 7,779,212 | 8,384,434 | 5,735,617 | 7,785,675 | 6,684,048 | 10,610,890 |
| Add | Fair value of stock awards granted in covered fiscal year that vested during such covered fiscal year – valued on date of vesting | - | - | - | - | - | - |
| Add | Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year | - | - | - | - | - | - |
| Add/ (Subtract) | Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year | 1,361,340 | 5,510,480 | (2,280,415) | 2,097,842 | (4,312,264) | (2,601,459) |
| Add/ (Subtract) | Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year | 128,951 | 340,533 | (488,272) | 1,718,768 | 267,288 | 119,442 |
| (Subtract) | Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year | - | - | - | - | - | - |
| Equals | Compensation Actually Paid to PEO | $10,215,473 | $16,995,242 | $5,614,863 | $12,654,140 | $3,630,463 | $9,039,000 |
The fair value of performance-based restricted share units used for reporting compensation actually paid assumes estimated results as of December 31 of the applicable year for each pre-established performance goal (i.e., operating income, ROIC, and EBITDA) in accordance with FASB ASC 718. Performance-based restricted share units will ultimately vest based on actual measured performance through the applicable vesting periods.
| (4) | This column lists the average total compensation amount for our other non-PEO NEOs reported in the Summary Compensation Table shown on page 60 of this Proxy Statement or for the years 2021 and 2020, reported in the Summary Compensation Table included in our 2021 Proxy Statement filed on March 24, 2022. The non-PEO NEOs included are as follows: |
David G. Mee – former Chief Financial Officer and Executive Vice President, Finance/Administration
Shelley Simpson – Chief Commercial Officer and Executive Vice President of People and Human Resources
Terrence D. Matthews – former President of Intermodal and Executive Vice President
Shelley Simpson – Chief Commercial Officer and Executive Vice President of People and Human Resources
| J.B. Hunt Transport Services, Inc. Proxy Statement | 71 |
|---|
2022 and 2023
Shelley Simpson – President
Nicholas Hobbs – Chief Operating Officer, President of Highway and Final Mile Services, and Executive Vice President
Bradley Hicks – President of Dedicated Contract Services and Executive Vice President
| (5) | For each year listed, this column is calculated as follows: |
| 2020 · 2021 · 2022 · 2023 · 2024 | ||||||
|---|---|---|---|---|---|---|
| Total Compensation as reported SCT | $3,552,426 | $3,337,948 | $4,745,765 | $3,293,057 | $2,895,170 | |
| (Subtract) | Pension values reported in SCT for covered fiscal year | - | - | - | - | - |
| (Subtract) | Fair value of stock awards granted during covered fiscal year | (1,851,489) | (1,958,038) | (3,320,605) | (2,628,575) | (2,269,822) |
| Add | Pension value attributable to covered fiscal year’s service and any change in pension value attributable to plan amendments made in the covered year | - | - | - | - | - |
| Add | Fair value of stock awards granted in covered fiscal year and that are unvested at end of such covered fiscal year – valued at year-end | 1,693,017 | 2,717,115 | 3,056,370 | 2,840,626 | 2,033,137 |
| Add | Fair value of stock awards granted in covered fiscal year that vested during such covered fiscal year – valued on date of vesting | 5,931 | - | - | - | - |
| Add | Dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year | - | - | - | - | - |
| Add/ (Subtract) | Change in fair value from end of prior fiscal year to end of covered fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year | 354,143 | 2,185,409 | (904,527) | 985,448 | (1,553,246) |
| Add/ (Subtract) | Change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during covered fiscal year | (156,892) | 207,103 | (266,834) | 466,429 | 83,360 |
| (Subtract) | Fair value of awards forfeited in current fiscal year determined at end of prior fiscal year | - | - | - | - | - |
| Equals | Average Compensation Actually Paid to NEOs | $3,597,136 | $6,489,537 | $3,310,170 | $4,956,985 | $1,188,599 |
The fair value of performance-based restricted share units used for reporting compensation actually paid assumes estimated results as of December 31 of the applicable year for each pre-established performance goal (i.e., operating income, ROIC, and EBITDA) in accordance with FASB ASC 718. Performance-based restricted share units will ultimately vest based on actual measured performance through the applicable vesting periods.
| (6) | This column lists a cumulative 5-year total return of shareholders of our common stock and assumes the value of the investment (including reinvestment of dividends) was $100 on December 31, 2019 and tracks it through December 31, 2024. The stock price performance included in the column is not necessarily indicative of future stock price performance. |
| (7) | This column lists a cumulative 5-year total return of shareholders calculated using the same method for column (f) for the peer group listed under the section titled “Benchmarking Against a Peer Group” on page 47 of this Proxy Statement, with the removal of Stericycle, Inc. as it was acquired by Waste Management, inc. in November 2024. |
| (8) | This column lists our reported net income for the year indicated. |
| (9) | This column lists our reported operating income for the year indicated, which we consider the most important financial performance measure that was used to link compensation actually paid for the most recent fiscal year to company performance. |
| 72 | Proxy Statement J.B. Hunt Transport Services, Inc. |
Description of the Relationship Between Compensation Actually Paid to Our Named Executive Officers and Company Performance
The following graphs present the relationships between the compensation actually paid to our PEO and average compensation actually paid to our remaining reported NEOs to our total shareholder return, net income, operating income, and our peer group’s total shareholder return for the years ended 2021 through 2024.
| Compensation Actually Paid vs. Cumulative TSR | Compensation Actually Paid vs. Net Income |
|---|---|
| Compensation Actually Paid vs. Operating Income | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.