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J.B. Hunt CEO John Roberts Gets Pay Boost

2 min read

John Roberts III, CEO of J.B. Hunt Transport Services Inc. of Lowell, received total compensation of $8.8 million in 2021, according to a proxy statement the company filed with the U.S. Securities & Exchange Commission.

Roberts’ compensation was an increase from the $7.45 million he received in 2020. He was J.B. Hunt’s highest earning executive.

Roberts’ compensation included a base salary of $937,115, an increase from $912,115. He received stock awards of $6 million, down from $6.5 million, but received $1.79 million in incentive plan compensation.

J.B. Hunt (Nasdaq: JBHT) reported that Roberts’ CEO compensation was 112 times greater than to the median employee’s income of $78,650. The company reported that it had 29,070 employees, of whom 28,798 were full time.

Other named executives and their compensation:

  • Shelley Simpson, chief commercial officer, received total compensation of $3.67 million, up from $3.35 in 2020. Simpson’s salary was $600,000, up from $541,500, and she received stock awards of $2.04 million, down from $2.78 million. She received $990,000 in incentive plan compensation.
  • Nicholas Hobbs, chief operating officer, received total compensation of $3.66 million, up from $3.34 million in 2020. Hobbs’ salary was $600,000, up from $541,500, and he received stock awards of $2.04 million, down from $2.78 million. He received $990,000 in incentive plan compensation.
  • Darren Field, president of the company’s intermodal division, received total compensation of $3.25 million, up from $2.5 million in 2020. Field’s salary was $444,231, up from $387,308, and he received stock awards of $2.04 million, down from $2.12 million. He received $742,500 in incentive plan compensation.
  • John Kuhlow, chief financial officer, received total compensation of $2.77 million, up from $1.37 million in 2020. Kuhlow’s salary was $400,000, up from $231,123, and he received stock awards of $1.7 million, up from $1.13 million in 2020. He received $660,000 in incentive plan compensation.

J.B. Hunt announced its annual shareholders meeting will be at 10 a.m. April 28 at the company’s headquarters in Lowell. The agenda includes electing the 11-member board of directors and appointing PricewaterhouseCoopers LLP as independent auditor.

Ernst & Young LLP had been J.B. Hunt’s auditor since 2005 before the company replaced it with PwC in June 2021.

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