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J.B. Hunt CEO John Roberts Sees Pay Rise

2 min read

CEO John Roberts of J.B. Hunt Transport Services Inc. of Lowell saw his total compensation increase in 2020 but he wasn’t the highest earning executive at the company, according to a proxy statement the company filed with the U.S. Securities & Exchange Commission. 

That honor went to former CFO David Mee, who retired April 1, 2020 after 28 years with the company. Mee earned total compensation of $7.6 million, largely because of a retirement grant of $5.1 million in stock.

Mee earned $2.5 million in total compensation in 2019.

Roberts was just behind Mee in total compensation. Roberts received $7.45 million in 2020, up from $6.6 million in 2019.

Roberts’ salary was $912,115, up from $892,542, and he received $6.5 million in stock awards, up from $5.6 million the year before. A year ago, Roberts received more than $92,000 for use of the company plane; he received no compensation this year because the company said he had a personal account with a discounted fee with the jet company.

J.B. Hunt reported that Roberts’ CEO compensation was a 111 ratio to the median employee’s income of $67,154. The company reported it had 29,070 employees, of whom 28,798 were full time.

Other named executives and their compensation:

  • Shelley Simpson, chief commercial officer and former president of the Highway Services division, received total compensation of $3.5 million, up from $2.5 million in 2019. Simpson’s salary was $541,500, up from $521,784, and she received stock awards of $2.78 million, up from $1.99 million. Simpson was named executive vice president of people and human resources in November.
  • Nicholas Hobbs, executive vice president and president of the Contract Services division, earned total compensation of $3.3 million, which included salary of $541,500 and stock options of $2.8 million. In 2019, Hobbs earned total compensation of $2.5 million, which included salary of $502,601 and stock options of $1.99 million.
  • Terrence Matthews, former president of the Intermodal division, earned total compensation of $3.1 million, which included salary of $301,490 and a stock grant of $2.8 million when he retired after 34 years with the company in July. His total compensation in 2019 was $3 million, including salary of $523,991, stock awards of $2.5 million and stock options of $2.475 million. 
  • John Kuhlow, who was named CFO on March 1, earned total compensation of $1.4 million, including salary of $231,123 and stock awards of $1.1 million.
  • Darren Field, who was named intermodal president on April 1, earned total compensation of $2.5 million, including salary of $387,368 and stock awards of $2.1 million.

J.B. Hunt announced its annual shareholders meeting will be at 10 a.m. April 22 at company’s headquarters in Lowell. The meeting will have a virtual option with restricted in-person attendance.

The agenda includes re-electing the 10-member board of directors and affirming Ernst & Young LLP as independent auditor.

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