In 2023, Thomas Schmitt earned $928.24K in total compensation at Forward Air, primarily from $902.00K salary. Most recently acquired 17,405 shares in Feb 2023. Currently holds stock worth $2.24M. Led Forward Air as CEO for 5 years.
Compensation History
Annual executive compensation data for Thomas Schmitt, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$928.24K
Salary
$902.00K
Bonus
$0.00
Other
$26.24K
Salary
$902.00KBoard Justification
The compensation philosophy is designed to attract, develop, reward, and retain key talent while aligning executive interests with shareholder interests through a pay-for-performance culture.
Bonus
$0.00Board Justification
No bonus was paid due to performance targets not being met under the annual incentive compensation plan.
Other Compensation
$26.24KBoard Justification
Includes 401(k) match, dividends earned on non-vested restricted shares, and long-term disability insurance premiums.
Restricted Stock
Board Justification
No stock was vested in 2023 as the focus was on performance-based awards that were not achieved.
Performance Metrics
The primary performance metrics for 2023 included operating income and individual performance objectives.
Thomas Schmitt
Ex-CEO of Forward Air
Education
Bachelor's degree in Business Administration from the University of Georgia.
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
February 5, 1969 - 56 years ago
CEO of Forward Air for
5 years 5 months (Aug 2018 - Feb 2024)
Previous Experience
President and Chief Executive Officer of Forward Air Corporation since 2018; previously held various roles including Chief Operating Officer.
Holdings
Track Thomas Schmitt's stock holdings and portfolio value over time.
Insider Trading
Thomas Schmitt's recent stock transactions, purchases, and sales filed with the SEC.
17,405 shares
FWRD
Feb 2, 2023
Received
11,018 shares
FWRD
Feb 7, 2023
Received
9,016 shares
FWRD
Feb 2, 2022
Received
9,577 shares
FWRD
Feb 2, 2021
Received
8,054 shares
FWRD
Feb 4, 2020
Received
25,000 shares
FWRD
Sep 1, 2018
Received
Rivals
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