by Chris Bahn
Posted 3/14/2013 04:53 pm
Updated 1 year ago
John N. Roberts III president and chief executive officer of J.B. Hunt Transports Services Inc. in Lowell received almost $3.4 million in compensation during 2012, according to the company’s proxy filed Thursday.
Roberts, 48, is in his second year as head of the company. He saw his pay decrease from $5.35 million in 2012, mainly because the value of shares received dropped from $4.37 million to $2.5 million. He received $601,954 in base salary, a raise of almost $53,000, and reported a cash incentive of $267,750 and other compensation totaling $14,742 last year, according to the proxy.
Roberts also realized almost $1.4 million by exercising stock options in 2012.
J.B. Hunt reported $5.1 billion in revenue for 2012, an increase of 12 percent from the previous year, and net income of $310 million, up from $257 million in 2011.
Other top executivess and their total compensation in 2012:
- David G. Mee, EVP of finance and administration and CFO, $1.24 million, down slightly from 2011. He also realized $965,509 by exercising stock options.
- Kirk Thompson, chairman of the board, $2.92 million, down from $3.55 million. He realized $2.37 million on stock options.
- Terrence D. Matthews, EVP and president of intermodal, $1.27 million in his first year as a named executive officer. He exercised stock options that netted $2.18 million in 2012.
- Craig Harper, EVP of operations and COO, $1.24, down from $1.28 million in 2011. He realized $1.39 million by exercising stock options last year.
J.B. Hunt, whose stock price recently hit a 52-week high, will hold its annual meeting of stockholders at 10 a.m. on April 25. The meeting will be held at the company’s headquarters, 614 J.B. Hunt Corporate Drive in Lowell.