John N. Roberts III, the president and CEO of J.B. Hunt Transport Services Inc. of Lowell, was paid more than $4.3 million in 2014 and exercised stock options for another $906,752.
Roberts’ pay was an increase of almost $300,000 from 2013 and he was again J.B. Hunt’s highest paid executive, according to the proxy statement the company filed with the Securities and Exchange Commission on March 12. Roberts’ base salary increased more than $50,000 to $695,000 and he also received nearly $3.5 million in stock.
Roberts received $200,000 more in stock in 2014 than he did in 2013. The other named J.B. Hunt executives saw the opposite of that trend.
Kirk Thompson, chairman of the company’s board of directors, saw his compensation drop slightly from $2.16 million to $2.09 million. His base salary dropped from $492,308 to $450,000 and received $200,000 less in stock.
Thompson exercised stock options worth more than $2.2 million in 2014.
Executives David Mee and Terrence Matthews saw significant drops in their compensation compared to 2013. Mee, the company’s CFO, earned more base salary, $437,845 compared to $401,077, but his overall compensation decreased from more than $2.6 million to slightly less than $1.7 million because he collected $1 million less in stock.
Mee exercised stock options worth $610,225 in 2014.
Matthews, executive vice president and president of the intermodal division, saw his overall compensation drop from $3.7 million in 2013 to $1.3 million in 2014. Matthews’ salary increased from $408,436 to $442,589 but he collected $762,200 in stock in 2014 compared to more than $3.2 million in 2013.
Matthews exercised stock options worth more than $1.1 million in 2014.
Shelley Simpson, executive vice president and president of the company’s ICS and Truckload divisions, earned $1.6 million in 2014 including $317,635 in base salary and more than $1.1 million in stock. Simpson, whose 2013 compensations were not listed, exercised stock options for $113,280 in 2014.
The proxy announced the annual shareholders meeting will be held at 10 a.m. April 23 at the company’s headquarters in Lowell.
The agenda includes the re-election of the current members of the board of directors, reappointing Ernst & Young LLP as outside auditor, giving non-binding approval of the executive compensation plan and a vote on a shareholder’s proposal for the company to set a goal for greenhouse gas emission reduction.
Sign up for Daily E-news
