Thomas Schmitt
2021
In 2021, Thomas Schmitt earned a total compensation of $6M as President, CEO and Chairman at Forward Air, a 89% increase compared to previous year.
Compensation breakdown
| Non-Equity Incentive Plan | $2,275,000 |
|---|---|
| Option Awards | $718,750 |
| Salary | $875,000 |
| Stock Awards | $2,156,250 |
| Other | $23,000 |
| Total | $6,048,000 |
Schmitt received $2.3M in non-equity incentive plan, accounting for 38% of the total pay in 2021.
Schmitt also received $718.8K in option awards, $875K in salary, $2.2M in stock awards and $23K in other compensation.
Rankings
In 2021, Thomas Schmitt's compensation ranked 2,088th out of 12,406 executives tracked by ExecPay. In other words, Schmitt earned more than 83.2% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,088 out of 12,406 | 83rd |
Division Transportation, Communications, Electric, Gas, And Sanitary Services | 142 out of 683 | 79th |
Major group Transportation Services | 21 out of 72 | 71st |
Industry group Arrangement Of Transportation Of Freight And Cargo | 8 out of 31 | 74th |
Industry Arrangement of Transportation of Freight and Cargo | 8 out of 31 | 74th |
Pay ratio
| Thomas Schmitt's Pay | $6,048,000 |
|---|---|
| Median Employee's Pay | $46,360 |
| Pay Ratio | 130to 1 |
In 2021, the annual total compensation of Thomas Schmitt was $6,048,000.
The annual total compensation of the median employee at Forward Air was $46,360.
The ratio of Thomas Schmitt's pay to the pay of median employee was therefore 130 to one.
Source: SEC filing on March 28, 2022.
Schmitt's colleagues
We found five more compensation records of executives who worked with Thomas Schmitt at Forward Air in 2021.