Companies AIR T Inc
AIR T (AIRT): executive pay, fiscal 2026
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CEO pay, last three years
- $50,000FY2025
- $181,879FY2026
CEO total pay was $181,879 in fiscal 2026, up from $50,000 in fiscal 2025.
FY2026: salary $50,000 · bonus $0 · stock awards $0 · option awards $131,879
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Tracy Kennedy | $282,335 | $98,000 | $0 | $65,939 | $0 | $0 | $0 | $446,274 |
| Chief Financial Officer | ||||||||
| Nick Swenson | 50,000 | 0 | 0 | 131,879 | 0 | 0 | 0 | 181,879 |
| President, Chief Executive Officer and Chairman of the Board | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| Tracy Kennedy | $446,274 | $180,389 | — | ↑ +265,885 |
| Nick Swenson | 181,879 | 50,000 | — | ↑ +131,879 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The objectives of the Company's compensation plan for its executive officers are to offer incentives for superior performance and to provide compensation in amounts and in forms that are sufficient to attract and retain management personnel capable of effectively managing the Company's businesses. The Company has paid modest levels of compensation, with base salaries intended to provide a relatively secure baseline level of compensation not linked to company performance.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | false |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Tracy Kennedy | Option | 2,000 | 30 | — |
| Tracy Kennedy | Option | 2,000 | 50 | — |
| Tracy Kennedy | Option | 2,500 | 38.23 | — |
| Tracy Kennedy | Option | 2,500 | 43.01 | — |
| Tracy Kennedy | Option | 2,500 | 48.38 | — |
| Tracy Kennedy | Option | 2,500 | 54.43 | — |
| Tracy Kennedy | Option | 2,500 | 61.23 | — |
| Tracy Kennedy | Option | 2,500 | 68.89 | — |
| Nick Swenson | Option | 4,000 | 30 | — |
| Nick Swenson | Option | 4,000 | 50 | — |
| Nick Swenson | Option | 20,000 | 38.23 | — |
| Nick Swenson | Option | 20,000 | 43.01 | — |
| Nick Swenson | Option | 20,000 | 48.38 | — |
| Nick Swenson | Option | 20,000 | 54.43 | — |
| Nick Swenson | Option | 20,000 | 61.23 | — |
| Nick Swenson | Option | 20,000 | 68.89 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Nick SwensonEmployee director · Board Chair | — | — | — | — | — | $0 |
| Raymond CabillotIndependent · Lead Independent Director · Audit (Chair) · Compensation · Nominating | — | — | — | — | — | — |
| William FoudrayIndependent · Audit · Compensation · Nominating (Chair) | — | — | — | — | — | — |
| Gary KohlerNot independent | — | — | — | — | — | — |
| Peter McClungIndependent · Audit · Compensation (Chair) · Nominating | — | — | — | — | — | — |
| Jamie ThingelstadIndependent | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $18,000 |
|---|---|
| Annual equity retainer | — |
| Per board meeting fee | $750 |
| Committee chair fees (audit / comp / nom-gov) | 10,200 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $0 |
| Equity awards (grant-date value) | $0 |
| All other compensation | $0 |
| Total cost of the board | $0 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names AIR T as a peer
Companies that benchmark against AIRT
No companies currently name AIRT as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | AIR T Inc | 2026 | Nick Swenson | $50,000 | $0 | $131,879 | $0 | $181,879 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Say-on-pay history and pay ratio
No say-on-pay vote is on file for this company.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (11 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Tracy Kennedy. DEF 14A, filed 2026-07-10. Section “Executive Compensation”. As printed: 446,274. View filing ↗
- Section 01, Nick Swenson. DEF 14A, filed 2026-07-10. Section “Executive Compensation”. As printed: 181,879. View filing ↗
- Section 08, Nick Swenson. DEF 14A, filed 2026-07-10. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Raymond Cabillot. DEF 14A, filed 2026-07-10. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, William Foudray. DEF 14A, filed 2026-07-10. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Gary Kohler. DEF 14A, filed 2026-07-10. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Peter McClung. DEF 14A, filed 2026-07-10. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Jamie Thingelstad. DEF 14A, filed 2026-07-10. Section “Director Compensation”. As printed: —. View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 0 + equity 0 + all other 0 = 0, summed across the director compensation table rows.
- AIR T Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-07-10. CEO total compensation as printed in AIR T Inc's own proxy. As printed: 181,879. View filing ↗