A change in the timing of annual stock awards resulted in smaller compensation packages for executives of J.B. Hunt Transport Services Inc. of Lowell — at least as reflected in the firm's latest proxy statement.
The general pattern with executive pay at J.B. Hunt last year: salaries stable to slightly higher, smaller cash bonuses but big jumps in the value of stock awards, thanks to the runup in the stock's value.
Motivated by the possibility of failure, bolstered by innovative thinking and energized by promising young hires who would work their way to the top of the company, J.B. Hunt Transport eventually matched — and exceeded — J.B. Hunt’s vision for what the business could become.
All 11 members of the board of directors at J.B. Hunt Transports Service Inc. were reappointed during an annual meeting of shareholders Thursday in Lowell. The meeting included an overview of 2012 by CEO John Roberts III.
John N. Roberts III president and chief executive officer of J.B. Hunt Transports Services Inc. in Lowell received $3,389,866 million in compensation during 2012, according to the company’s proxy filed Thursday.