Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-17

Forward Air (FWRD)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$5,561,309
Shawn Stewart total, FY2025
12th
CEO pay percentile vs peers
140.2:1
CEO-to-median pay ratio
95.64%
Say-on-pay support, latest vote
Companies that benchmark against FWRD
2 companies name FWRD as a compensation peer

Each company listed discloses FWRD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named FWRD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Shawn Stewart$900,000$0$4,037,990$0$617,400$0$5,919$5,561,309
Chief Executive Officer
Jamie Pierson625,00002,187,9900321,56305,4133,139,966
Chief Financial Officer
Jerome Lorrain234,17601,184,25000048,3361,466,762
Executive Chairman
Michael Hance500,0000600,0000257,25006,2691,363,519
Chief Legal Officer and Secretary
Eric Brandt525,0000500,0000261,226001,286,226
Chief Commercial Officer

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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Shawn Stewart$5,561,309
Jamie Pierson3,139,966
Jerome Lorrain1,466,762
Michael Hance1,363,519
Eric Brandt1,286,226

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Jamie PiersonRSA18,465$575,000
Shawn StewartPSA22,68245,36390,7261,800,004
Shawn StewartRSA38,5361,200,011
Jamie PiersonRSU33,3331,037,990
Michael HancePSA3,7807,56015,120299,981
Shawn StewartRSU33,3331,037,990
Eric BrandtPSA3,1506,30012,600249,984
Jerome LorrainRSU25,000684,250
Jerome LorrainPSA3,5237,04614,092300,019
Jerome LorrainRSA7,307199,993
Eric BrandtRSA8,028249,984
Jamie PiersonPSA7,24614,49128,982575,003
Michael HanceRSA9,634300,003
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Jamie Pierson$1,037,990$0$00.0%
Shawn Stewart1,037,990000.0%
Jerome Lorrain684,250000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Jamie PiersonRSU31,427$785,675
Jamie PiersonPSU62,9171,572,925
Eric BrandtPSU6,300157,500
Michael HanceRSU37,525938,125
Shawn StewartRSU72,5061,812,650
Eric BrandtRSU8,028200,700
Michael HancePSU46,9301,173,250
Michael HanceOption1,101115.42
Shawn StewartPSU155,1293,878,225
Jerome LorrainPSU32,046801,150
Jerome LorrainRSU7,307182,675
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee has designed our executive compensation program to attract, develop, reward and retain key talent to facilitate achievement of our annual, long-term and strategic goals. One of the Committee's objectives is to align executives' interests with stockholders' interests by creating a pay-for-performance culture at the executive level, with the ultimate goal of increasing stockholder value.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)
Independent consultantMeridian Compensation Partners, LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1724,784,2421,130,305136,74095.64%Passed
20242024-06-0318,037,4754,696,9431,349,00379.34%Passed
20232023-05-0922,571,8581,913,3887,90892.19%Passed
20222022-05-1024,603,827213,2677,07599.11%Passed
20212021-05-1925,519,673146,65823,78299.34%Passed
20202020-05-1225,180,432249,48911,57699.02%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-1795.64%a
20242024-06-0379.34%b
20232023-05-0992.19%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not considered as votes cast and will have no effect on the approval of these proposals, other than for purposes of determining if a quorum is present.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the vote on these proposals.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on the vote.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)140.2 : 1
CEO total compensation$5,561,309
Median employee compensation$39,663
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Christine M. GorjancIndependent · Audit (Chair) · Compensation · Corporate Governance and Nominating$110,549$130,000$0$0$0$240,549
Dale W. BoylesIndependent · Audit · Corporate Governance and Nominating110,000130,000000240,000
Robert L. Edwards, JrIndependent · Compensation (Chair) · Not standing for re-election100,549130,000000230,549
Charles L. AndersonIndependent · Compensation · Not standing for re-election95,000130,000000225,000
Paul SvindlandIndependent · Lead Independent Director · Audit · Compensation (Chair) · Corporate Governance and Nominating · Newly elected91,566130,000000221,566
Michael B. HodgeIndependent · Departed during FY69,070130,000000199,070
George S. Mayes, JrIndependent · Departed during FY97,912000097,912
Ana AmicarellaIndependent · Departed during FY46,731000046,731
Laurie A. TuckerIndependent · Departed during FY46,731000046,731
Javier PolitIndependent · Departed during FY42,280000042,280
Valerie BonebrakeIndependent · Departed during FY42,280000042,280
Jerome LorrainEmployee director · Board Chair · Executive (Chair)00000
Shawn StewartEmployee director · Executive00000
09

Board fee structure and ownership guideline

Annual cash retainer$85,000
Annual equity retainer$130,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)10,000 / 50,000
Stock ownership guideline5x annual cash retainer ($425,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$852,668
Equity awards (grant-date value)$780,000
All other compensation$0
Total cost of the board$1,632,668

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

MRTN Marten Transport, Ltd.R Ryder System, Inc.HUBG Hub Group, Inc.HTLD Heartland Express, Inc.ARCB ArcBest CorporationXPO XPO, Inc.SAIA Saia, Inc.CHRW C.H. Robinson Worldwide, Inc.SNDR Schneider National, Inc.RXO RXO, Inc.EXPD Expeditors International of Washington, Inc.JBHT J.B. Hunt Transport Services, Inc.WERN Werner Enterprises, Inc.GXO GXO Logistics, Inc.ODFL Old Dominion Freight Line, Inc.KNX Knight-Swift Transportation Holdings, Inc.LSTR Landstar Systems, Inc.
10a

Peer reciprocity

Of the companies Forward Air names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Marten Transport, Ltd. (MRTN) Ryder System, Inc. (R)47 Hub Group, Inc. (HUBG)48 Heartland Express, Inc. (HTLD) ArcBest Corporation (ARCB) XPO, Inc. (XPO) Saia, Inc. (SAIA) C.H. Robinson Worldwide, Inc. (CHRW)49 Schneider National, Inc. (SNDR)50 RXO, Inc. (RXO) Expeditors International of Washington, Inc. (EXPD)51 J.B. Hunt Transport Services, Inc. (JBHT)52 Werner Enterprises, Inc. (WERN) GXO Logistics, Inc. (GXO)53 Old Dominion Freight Line, Inc. (ODFL)54 Knight-Swift Transportation Holdings, Inc. (KNX) Landstar Systems, Inc. (LSTR)

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Forward Air.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Old Dominion Freight Line, Inc.2025Kevin Freeman$1,033,680$2,377,606$0$8,167,847$11,615,896
2C.H. Robinson Worldwide, Inc.2025David Bozeman1,100,9626,984,38302,879,61811,045,949
3Ryder System, Inc.2025Robert Sanchez1,100,0017,159,49501,675,89410,178,386
4Expeditors International of Washington, Inc.2025Daniel Wall100,0005,940,13403,600,7299,643,863
5J.B. Hunt Transport Services, Inc.2025Shelley Simpson961,3856,927,52901,067,4219,004,371
6GXO Logistics, Inc.2025Patrick Kelleher239,6156,506,536060,2267,628,275
7Schneider National, Inc.2025Mark Rourke1,000,0005,704,1740569,1207,380,101
8Forward Air2025Shawn Stewart900,0004,037,9900617,4005,561,309
9Hub Group, Inc.2024Phillip Yeager850,0002,400,3420552,5003,964,450
Marten Transport, Ltd.not in coverage universe
Heartland Express, Inc.not in coverage universe
ArcBest Corporationnot in coverage universe
XPO, Inc.not in coverage universe
Saia, Inc.not in coverage universe
RXO, Inc.not in coverage universe
Werner Enterprises, Inc.not in coverage universe
Knight-Swift Transportation Holdings, Inc.not in coverage universe
Landstar Systems, Inc.not in coverage universe

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Forward Air68%PSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
ArcBest Corporationnot disclosednot disclosednot disclosednot disclosed
C.H. Robinson Worldwide, Inc.171%PSU 60 · RSU 40NoSemler Brossy
Expeditors International of Washington, Inc.not disclosedPSU 50 · RSU 50NoMeridian Compensation Partners, LLC
GXO Logistics, Inc.not disclosednot disclosedYes — Relative Total Shareholder Return (rTSR) compared to the S&P MidCap 400 IndexF.W. Cook
Heartland Express, Inc.not disclosednot disclosednot disclosednot disclosed
Hub Group, Inc.52%RSU 50 · PSU 50NoAon's Talent Solutions practice
J.B. Hunt Transport Services, Inc.not disclosednot disclosedNoMeridian Compensation Partners, LLC
Knight-Swift Transportation Holdings, Inc.not disclosednot disclosednot disclosednot disclosed
Landstar Systems, Inc.not disclosednot disclosednot disclosednot disclosed
Marten Transport, Ltd.not disclosednot disclosednot disclosednot disclosed
Old Dominion Freight Line, Inc.not disclosednot disclosedYes — Three-year relative TSR compared to companies in the Dow Jones Transportation AveragePearl Meyer
RXO, Inc.not disclosednot disclosednot disclosednot disclosed
Ryder System, Inc.90%PSU 60 · RSU 40NoFW Cook
Saia, Inc.not disclosednot disclosednot disclosednot disclosed
Schneider National, Inc.not disclosedPSU 60 · RSU 40not disclosedFrederic W. Cook & Co, Inc.
Werner Enterprises, Inc.not disclosednot disclosednot disclosednot disclosed
XPO, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Shawn StewartDEF 14A2026-04-290001104659-26-051569Section “Summary Compensation Table”. As printed: 5,561,309. Filing ↗machine: t28 · r1 · c47 · span 679731–679740
2Section 01, Jamie PiersonDEF 14A2026-04-290001104659-26-051569Section “Summary Compensation Table”. As printed: 3,139,966. Filing ↗machine: r3 · c47 · span 689080–689089
3Section 01, Jerome LorrainDEF 14A2026-04-290001104659-26-051569Section “Summary Compensation Table”. As printed: 1,466,762. Filing ↗machine: r5 · c47 · span 698546–698555
4Section 01, Michael HanceDEF 14A2026-04-290001104659-26-051569Section “Summary Compensation Table”. As printed: 1,363,519. Filing ↗machine: r7 · c47 · span 707764–707773
5Section 01, Eric BrandtDEF 14A2026-04-290001104659-26-051569Section “Summary Compensation Table”. As printed: 1,286,226. Filing ↗machine: r10 · c47 · span 721549–721558
6Section 03, Jamie Pierson RSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t24 · r2 · c5 · span 577849–577856
7Section 03, Shawn Stewart PSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t30 · r3 · c60 · span 772925–772934
8Section 03, Shawn Stewart RSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
9Section 03, Jamie Pierson RSUDEF 14A0001104659-26-051569Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
10Section 03, Michael Hance PSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t30 · r15 · c60 · span 845565–845572
11Section 03, Shawn Stewart RSUDEF 14A0001104659-26-051569Section “Executive Compensation” · grants of plan-based awards table. Filing ↗
12Section 03, Eric Brandt PSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t30 · r18 · c60 · span 863851–863858
13Section 03, Jerome Lorrain RSUDEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗
14Section 03, Jerome Lorrain PSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t30 · r11 · c60 · span 821393–821400
15Section 03, Jerome Lorrain RSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t31 · r4 · c35 · span 900254–900259
16Section 03, Eric Brandt RSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t30 · r18 · c60 · span 863851–863858
17Section 03, Jamie Pierson PSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t30 · r7 · c60 · span 797104–797111
18Section 03, Michael Hance RSADEF 14A2026-04-290001104659-26-051569Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t30 · r16 · c60 · span 851354–851361
19Section 07, pay ratioDEF 14A2026-04-290001104659-26-051569Section “CEO Pay Ratio”. As printed: 140.2 : 1. Filing ↗
20Section 08, Christine M. GorjancDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 240,549. Filing ↗machine: t11 · r6 · c23 · span 246008–246015
21Section 08, Dale W. BoylesDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 240,000. Filing ↗machine: t11 · r4 · c23 · span 240749–240756
22Section 08, Robert L. Edwards, JrDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 230,549. Filing ↗machine: t11 · r5 · c23 · span 243392–243399
23Section 08, Charles L. AndersonDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 225,000. Filing ↗machine: t11 · r2 · c23 · span 235407–235414
24Section 08, Paul SvindlandDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 221,566. Filing ↗machine: t11 · r10 · c23 · span 256882–256889
25Section 08, Michael B. HodgeDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 199,070. Filing ↗machine: t11 · r7 · c23 · span 248740–248747
26Section 08, George S. Mayes, JrDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 97,912. Filing ↗machine: t11 · r8 · c5 · span 249923–249929
27Section 08, Ana AmicarellaDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 46,731. Filing ↗machine: t11 · r1 · c5 · span 231260–231266
28Section 08, Laurie A. TuckerDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 46,731. Filing ↗machine: t11 · r11 · c5 · span 258087–258093
29Section 08, Javier PolitDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 42,280. Filing ↗machine: t11 · r9 · c5 · span 252650–252656
30Section 08, Valerie BonebrakeDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 42,280. Filing ↗machine: t11 · r3 · c5 · span 236612–236618
31Section 08, Jerome LorrainDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 0. Filing ↗
32Section 08, Shawn StewartDEF 14A2026-04-290001104659-26-051569Section “Director Compensation”. As printed: 0. Filing ↗
33Section 06, 2026 voteForm 8-K2026-06-170001628280-26-043864Item 5.07 · say-on-pay result. As reported: 95.64% (votes for as printed: 24,784,242). Filing ↗
34Section 06, 2024 voteForm 8-K2024-06-040001628280-24-026636Item 5.07 · say-on-pay result. As reported: 79.34% (votes for as printed: 18,037,475). Filing ↗
35Section 06, 2023 voteForm 8-K2023-05-110001628280-23-017644Item 5.07 · say-on-pay result. As reported: 92.19% (votes for as printed: 22,571,858). Filing ↗
36Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
37Section 09b board cost (computed)ComputedcomputedCash 852,668 + equity 780,000 + all other 0 = 1,632,668, summed across the director compensation table rows.machine: formula: Σ = 1,632,668
38Old Dominion Freight Line, Inc., Section 10b CEO totalDEF 14A2026-04-200000878927-26-000006CEO total compensation as printed in Old Dominion Freight Line, Inc.'s own proxy. As printed: 11,615,896. Filing ↗machine: t7 · r4 · c12 · span 336288–336298
39C.H. Robinson Worldwide, Inc., Section 10b CEO totalDEF 14A2026-03-240001043277-26-000011CEO total compensation as printed in C.H. Robinson Worldwide, Inc.'s own proxy. As printed: 11,045,949. Filing ↗machine: r3 · c39 · span 1034575–1034585
40Ryder System, Inc., Section 10b CEO totalDEF 14A2026-03-110001628280-26-016651CEO total compensation as printed in Ryder System, Inc.'s own proxy. As printed: 10,178,386. Filing ↗machine: t211 · r2 · c8 · span 970489–970499
41Expeditors International of Washington, Inc., Section 10b CEO totalDEF 14A2026-03-240001193125-26-121388CEO total compensation as printed in Expeditors International of Washington, Inc.'s own proxy. As printed: 9,643,863. Filing ↗machine: r2 · c6 · span 687349–687359
42J.B. Hunt Transport Services, Inc., Section 10b CEO totalDEF 14A2026-03-110001437749-26-007732CEO total compensation as printed in J.B. Hunt Transport Services, Inc.'s own proxy. As printed: 9,004,371. Filing ↗machine: r1 · c21 · span 825167–825176
43GXO Logistics, Inc., Section 10b CEO totalDEF 14A2026-04-220001104659-26-046343CEO total compensation as printed in GXO Logistics, Inc.'s own proxy. As printed: 7,628,275. Filing ↗machine: t205 · r5 · c14 · span 1215049–1215059
44Schneider National, Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-029426CEO total compensation as printed in Schneider National, Inc.'s own proxy. As printed: 7,380,101. Filing ↗machine: r1 · c42 · span 1012102–1012111
45Forward Air (subject), Section 10b CEO totalDEF 14A2026-04-290001104659-26-051569CEO total compensation as printed in Forward Air's own proxy. As printed: 5,561,309. Filing ↗machine: t28 · r1 · c47 · span 679731–679740
46Hub Group, Inc., Section 10b CEO totalDEF 14A2025-04-030001140361-25-012045CEO total compensation as printed in Hub Group, Inc.'s own proxy. As printed: 3,964,450. Filing ↗machine: r5 · c19 · span 562725–562735
47Section 10a, Ryder System, Inc. reciprocityDEF 14A0001628280-26-016651Ryder System, Inc. names Forward Air in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, Hub Group, Inc. reciprocityDEF 14A0001140361-25-012045Hub Group, Inc. names Forward Air in its own disclosed peer group (read from its most recent proxy). Filing ↗
49Section 10a, C.H. Robinson Worldwide, Inc. reciprocityDEF 14A0001043277-26-000011C.H. Robinson Worldwide, Inc.'s most recent proxy was read; its disclosed peer group does not include Forward Air. Filing ↗
50Section 10a, Schneider National, Inc. reciprocityDEF 14A0001104659-25-024115Schneider National, Inc.'s most recent proxy was read; its disclosed peer group does not include Forward Air. Filing ↗
51Section 10a, Expeditors International of Washington, Inc. reciprocityDEF 14A0001193125-26-121388Expeditors International of Washington, Inc.'s most recent proxy was read; its disclosed peer group does not include Forward Air. Filing ↗
52Section 10a, J.B. Hunt Transport Services, Inc. reciprocityDEF 14A0001437749-26-007732J.B. Hunt Transport Services, Inc.'s most recent proxy was read; its disclosed peer group does not include Forward Air. Filing ↗
53Section 10a, GXO Logistics, Inc. reciprocityDEF 14A0001104659-26-046343GXO Logistics, Inc.'s most recent proxy was read; its disclosed peer group does not include Forward Air. Filing ↗
54Section 10a, Old Dominion Freight Line, Inc. reciprocityDEF 14A0000878927-26-000006Old Dominion Freight Line, Inc.'s most recent proxy was read; its disclosed peer group does not include Forward Air. Filing ↗