Forward Air CEO Thomas Schmitt's 2021 pay jumps 89% to $6M
Forward Air reports 2021 executive compensation
By ExecPay News
Published: March 28, 2022
Forward Air reported fiscal year 2021 executive compensation information on March 28, 2022.
In 2021, six executives at Forward Air received on average a compensation package of $2.3M, a 66% increase compared to previous year.
Average pay of disclosed executives at Forward Air
Thomas Schmitt, Chief Executive Officer, received $6M in total, which increased by 89% compared to 2020. 38% of Schmitt's compensation, or $2.3M, was in non-equity incentive plan. Schmitt also received $719K in option awards, $875K in salary, $2.2M in stock awards, as well as $23K in other compensation.
For fiscal year 2021, the median employee pay was $46,360 at Forward Air. Therefore, the ratio of Thomas Schmitt's pay to the median employee pay was 130 to one.
Chris C. Ruble, Chief Operating Officer, received a compensation package of $2.4M, which increased by 108% compared to previous year. 48% of the compensation package, or $1.1M, was in non-equity incentive plan.
Michael L. Hance, Chief Legal Officer, earned $1.8M in 2021, a 121% increase compared to previous year.
Scott E. Schara, Chief Commercial Officer, received $1.8M in 2021, which increases by 189% compared to 2020.
Michael J. Morris, Chief Financial Officer, earned $949K in 2021, a 11% decrease compared to previous year.
Rebecca J. Garbrick, Chief Financial Officer, received $716K in 2021.
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Source: SEC filing on March 28, 2022.