Forward Air

Forward Air

FWRD· Transportation and Utilities· Fiscal year ends in December

CEO pay in FY2025Stock -22.5% in FY2025

Shawn Stewart is the CEO of Forward Air and was paid $5.6M in FY2025 (Dec), up 22%.

Pay$100 in the stock at the end of FY23 → $40
CEO pay is from each Forward Air proxy. The stock line is the value of $100 put in the stock at the start, from the price change of each fiscal year. Dividends are not in it.

Executives5

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  1. 1Shawn StewartFY2025
  2. 2Jamie PiersonFY2025
  3. 3Jerome LorrainFY2025
  4. 4Michael L. HanceFY2025
  5. 5Eric BrandtFY2025

Named executives and their total pay, from the Summary Compensation Table of the latest proxy.

Pay

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Forward Air paid its 5 named executives $12.8M in total in FY2025 (Dec). CEO Shawn Stewart was paid $5.6M of that.

Name
Shawn StewartChief Executive OfficerNot disclosed
Jamie PiersonChief Financial OfficerNot disclosed
Jerome LorrainExecutive ChairmanNot disclosedNot disclosed
Michael L. HanceChief Legal Officer and Secretary
Eric BrandtChief Commercial OfficerNot disclosedNot disclosed

of each named executive, from the Summary Compensation Table of each proxy.

Peers14

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The FY2024 (Dec) proxy of Forward Air names 14 peer companies for pay. Pay versus performance data of Forward Air for that year is not on file, so it has no rank.

The comes from the company's proxy. CEO pay and of each company come from its own Pay versus Performance table for the same fiscal year.

Board6

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  • Laurie A. TuckerDirector · 5 yr on the boardIndependentCorporate Governance and Nominating (Chair), Executive—Paid as an executive
  • Javier PolitDirector · 3 yr on the boardIndependentAudit—Paid as an executive
  • Charles L. AndersonDirector · 0 yr on the boardIndependentCompensation—Paid as an executive
  • Dale W. BoylesDirector · 0 yr on the boardIndependentAudit, Compensation—Paid as an executive
  • Michael B. HodgeDirector · 0 yr on the boardIndependentCompensation—Paid as an executive
  • Robert L. Edwards, Jr.Director · 0 yr on the boardIndependentCorporate Governance and Nominating—Paid as an executive

The board of the latest proxy (FY2024).

Shared directors

Activity

  1. Pay
    Forward Air CEO pay rose 22% to $5.6M. The stock fell 22% in FY2025 (Dec).
    DEF 14A
  2. Pay
    Forward Air General counsel pay fell 32% to $1.4M. The stock fell 22% in FY2025 (Dec).
    DEF 14A
  3. Pay
    Forward Air CFO pay rose 84% to $3.1M. The stock fell 22% in FY2025 (Dec).
    DEF 14A
  4. Pay
    Forward Air President pay fell 81% to $917.3K. The stock fell 49% in FY2024 (Dec).
    DEF 14A
  5. Pay
    Forward Air General counsel pay rose 91% to $2.0M. The stock fell 49% in FY2024 (Dec).
    DEF 14A
  6. Pay
    Forward Air President pay rose 39% to $2.0M. The stock fell 49% in FY2024 (Dec).
    DEF 14A
  7. Board
    Dale W. Boyles joined the board of Forward Air. Dale W. Boyles sits on no other public board.
    3
  8. Pay
    Forward Air President pay fell 20% to $4.9M. The stock fell 40% in FY2023 (Dec).
    DEF 14A
  9. Pay
    Forward Air General counsel pay fell 43% to $1.0M. The stock fell 40% in FY2023 (Dec).
    DEF 14A
  10. Pay
    Forward Air CHRO pay fell 36% to $764.3K. The stock fell 40% in FY2023 (Dec).
    DEF 14A
  11. Pay
    Forward Air President pay fell 40% to $1.4M. The stock fell 40% in FY2023 (Dec).
    DEF 14A
  12. Board
    Shawn Stewart joined the board of Forward Air. Shawn Stewart sits on no other public board.
    3
  13. Board
    Robert L. Edwards, Jr. joined the board of Forward Air. Robert L. Edwards, Jr. sits on no other public board.
    3
  14. Board
    Michael B. Hodge joined the board of Forward Air. Michael B. Hodge now sits on 4 public boards.
    3
  15. Board
    Charles L. Anderson joined the board of Forward Air. Charles L. Anderson sits on no other public board.
    3

Filings6

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Proxy statementDEF 14AApr 29, 2026FY2025
Annual report10-KMar 11, 2026FY2025
Proxy statementDEF 14AMay 13, 2025FY2024
Annual report10-KMar 24, 2025FY2024
Proxy statementDEF 14AMay 20, 2024FY2023
Annual report10-KMar 15, 2024FY2023
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