Velarion · Company Intelligence
Compensation Brief
Fiscal year 2024 · Filings through 2026-04-29

Hub Group (HUBG)

Fiscal year 2024 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.

$3,964,450
Phillip Yeager total, FY2024
1st
CEO pay percentile vs peers
54:1
CEO-to-median pay ratio
98.29%
Say-on-pay support, latest vote
Companies that benchmark against HUBG
6 companies name HUBG as a compensation peer

Each company listed discloses HUBG 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 HUBG 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 2024

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Phillip Yeager$850,000$0$2,400,342$0$552,500$0$161,608$3,964,450
President, CEO and Vice Chairman
David Yeager725,00001,700,3490377,0000207,3003,009,649
Executive Chairman
Thomas LaFrance572,0100550,1770175,892010,5731,308,651
EVP, Chief Legal and Human Resources Officer and Corporate Secretary
Brian Alexander485,0000600,1770161,408029,8931,276,478
Former EVP, Chief Operating Officer
Kevin Beth425,0000550,1770118,830023,3231,117,330
EVP, Chief Financial Officer and Treasurer

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 officerFY2024 totalFY2023 totalFY2022 totalΔ FY20232024
Phillip Yeager$3,964,450$2,609,274$3,631,958+1,355,176
David Yeager3,009,649
Thomas LaFrance1,308,6511,136,1091,430,157+172,542
Brian Alexander1,276,478986,857+289,621
Kevin Beth1,117,330

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 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Kevin BethPSU6,03012,060$275,089
Thomas LaFrancePSU6,03012,060275,089
Brian AlexanderRSU6,578300,088
Thomas LaFranceRSU6,030275,089
David YeagerRSU18,636850,174
Brian AlexanderPSU6,57813,156300,088
Phillip YeagerPSU26,30852,6161,200,171
Kevin BethRSU6,030275,089
David YeagerPSU18,63637,272850,174
Phillip YeagerRSU26,3081,200,171
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Kevin Beth$275,089$275,089$050.0%
Thomas LaFrance275,089275,089050.0%
Brian Alexander300,088300,088050.0%
David Yeager850,174850,174050.0%
Phillip Yeager1,200,1711,200,171050.0%

% 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 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Kevin BethPSU8,312$370,383
Kevin BethRSU2,492111,044
Kevin BethRSU6,030268,697
Brian AlexanderRSU3,918174,586
YeagerRSU15,668698,166
YeagerRSU26,3081,172,284
YeagerRSU18,636830,420
Brian AlexanderPSU12,584560,743
YeagerRSU16,416731,497
Kevin BethPSU10,613472,906
Brian AlexanderRSU2,10493,754
Kevin BethPSU10,068448,630
Kevin BethRSU1,21854,274
Brian AlexanderRSU1,14250,888
YeagerPSU32,7991,461,539
Brian AlexanderRSU5,032224,226
Brian AlexanderPSU8,312370,383
YeagerRSU8,000356,480
Brian AlexanderRSU2,492111,044
YeagerPSU41,0441,828,921
YeagerRSU16,000712,960
YeagerPSU52,2322,327,458
YeagerPSU44,3481,976,147
YeagerRSU17,738790,405
Brian AlexanderPSU13,060581,954
Brian AlexanderPSU10,613472,906
Brian AlexanderPSU13,840616,710
Brian AlexanderPSU11,577515,884
YeagerRSU11,394507,717
Kevin BethRSU1,60071,296
Brian AlexanderRSU7,204321,010
Kevin BethRSU5,694253,725
Brian AlexanderRSU6,578293,116
Brian AlexanderRSU6,030268,697
YeagerRSU3,200142,592
YeagerPSU46,3022,063,221
YeagerPSU37,9881,692,745
05

Incentive-plan design — the Compensation Discussion & Analysis

Our Company's compensation philosophy is designed to link executive performance to long-term stockholder value, connect pay with individual performance, maintain a compensation system that is competitive with industry standards and attract and retain outstanding executives.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)
Independent consultantAon's Talent Solutions practice
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-05-13148,711,8662,569,85214,63798.29%Passed
20242024-05-23151,143,2832,282,00443,90898.48%Passed
20232023-05-2576,706,5431,245,36915,97798.38%Passed
20222022-05-2485,393,228579,68520,08799.3%Passed
20212021-05-2483,324,924766,79954,92199.02%Passed
20202020-05-2085,595,876408,375102,52099.41%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
20252025-05-1398.29%a
20242024-05-2398.48%b
20232023-05-2598.38%c

a. Approved under the standard stated in the filing — “If a quorum is present, abstentions will have the same effect as a vote against these proposals.”.

b. Approved under the standard stated in the filing — “If a quorum is present, abstentions will have the same effect as a vote against these proposals.”.

c. Approved under the standard stated in the filing — “If a quorum is present, abstentions will have the same effect as a vote against these proposals.”.

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)54 : 1
CEO total compensation$3,964,450
Median employee compensation$73,745
08

Director compensation — fiscal year 2024

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Martin P. SlarkIndependent · Audit · Compensation · Nominating and Governance$100,000$200,089$0$0$0$300,089
Michael E. FlanneryIndependent · Audit · Compensation · Nominating and Governance100,000200,089000300,089
Gary YablonIndependent · Audit (Chair) · Compensation · Nominating and Governance100,000200,089000300,089
James C. KennyIndependent · Audit · Compensation (Chair) · Nominating and Governance100,000200,089000300,089
Mary H. BoosalisIndependent · Audit · Compensation · Nominating and Governance (Chair)100,000200,089000300,089
Jenell R. RossIndependent · Audit · Compensation · Nominating and Governance100,000200,089000300,089
Lisa DykstraIndependent · Audit · Compensation · Nominating and Governance100,000200,089000300,089
Peter B. McNittIndependent · Lead Independent Director · Audit · Compensation · Nominating and Governance100,000200,089000300,089
David P. YeagerEmployee director · Board Chair00000
Phillip D. YeagerEmployee director00000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$200,089
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline
09b

Total cost of the board

ComponentFY2024
Cash retainers and fees$800,000
Equity awards (grant-date value)$1,600,712
All other compensation$0
Total cost of the board$2,400,712

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

10

Disclosed peer group — fiscal year 2024

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

WERN Werner Enterprises, Inc.FWRD Forward Air, Inc.GXO GXO Logistics, Inc. Landstar Systems, Inc.R Ryder System, Inc.ODFL Old Dominion Freight Line, Inc.SAIA Saia, Inc.KNX Knight-Swift Transportation Holdings, Inc.SNDR Schneider National, Inc.ARCB ArcBest CorporationRXO RXO Inc. JB Hunt Transportation Services, Inc.
10a

Peer reciprocity

Of the companies Hub Group 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.

Werner Enterprises, Inc. (WERN) Forward Air, Inc. (FWRD)39 GXO Logistics, Inc. (GXO)40 Ryder System, Inc. (R)41 Old Dominion Freight Line, Inc. (ODFL)42 Saia, Inc. (SAIA) Knight-Swift Transportation Holdings, Inc. (KNX) Schneider National, Inc. (SNDR)43 ArcBest Corporation (ARCB) RXO Inc. (RXO)

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 Hub Group.

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
2Ryder System, Inc.2025Robert Sanchez1,100,0017,159,49501,675,89410,178,386
3GXO Logistics, Inc.2025Patrick Kelleher239,6156,506,536060,2267,628,275
4Schneider National, Inc.2025Mark Rourke1,000,0005,704,1740569,1207,380,101
5Forward Air, Inc.2025Shawn Stewart900,0004,037,9900617,4005,561,309
6Hub Group2024Phillip Yeager850,0002,400,3420552,5003,964,450
Werner Enterprises, Inc.not in coverage universe
Saia, Inc.not in coverage universe
Knight-Swift Transportation Holdings, Inc.not in coverage universe
ArcBest Corporationnot in coverage universe
RXO 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
Hub Group52%RSU 50 · PSU 50NoAon's Talent Solutions practice
ArcBest Corporationnot disclosednot disclosednot disclosednot disclosed
Forward Air, Inc.68%PSU 60 · RSU 40Yes — Total Stockholder Return (TSR)Meridian Compensation Partners, LLC
GXO Logistics, Inc.not disclosednot disclosedYes — Relative Total Shareholder Return (rTSR) compared to the S&P MidCap 400 IndexF.W. Cook
Knight-Swift Transportation Holdings, Inc.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

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, Phillip YeagerDEF 14A2025-04-030001140361-25-012045Section “2024 Summary Compensation Table” · page 37. As printed: 3,964,450. Filing ↗machine: r5 · c19 · span 562725–562735
2Section 01, David YeagerDEF 14A2025-04-030001140361-25-012045Section “2024 Summary Compensation Table” · page 37. As printed: 3,009,649. Filing ↗machine: r5 · c19 · span 551075–551085
3Section 01, Thomas LaFranceDEF 14A2025-04-030001140361-25-012045Section “2024 Summary Compensation Table” · page 37. As printed: 1,308,651. Filing ↗machine: r11 · c19 · span 586917–586927
4Section 01, Brian AlexanderDEF 14A2025-04-030001140361-25-012045Section “2024 Summary Compensation Table” · page 37. As printed: 1,276,478. Filing ↗machine: r9 · c19 · span 578886–578896
5Section 01, Kevin BethDEF 14A2025-04-030001140361-25-012045Section “2024 Summary Compensation Table” · page 37. As printed: 1,117,330. Filing ↗machine: r8 · c19 · span 574354–574364
6Section 03, Kevin Beth PSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r5 · c4 · span 605017–605024
7Section 03, Thomas LaFrance PSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r7 · c4 · span 608392–608399
8Section 03, Brian Alexander RSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r6 · c4 · span 606814–606821
9Section 03, Thomas LaFrance RSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r7 · c4 · span 608392–608399
10Section 03, David Yeager RSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r3 · c4 · span 601555–601562
11Section 03, Brian Alexander PSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r6 · c4 · span 606814–606821
12Section 03, Phillip Yeager PSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r4 · c4 · span 603271–603280
13Section 03, Kevin Beth RSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r5 · c4 · span 605017–605024
14Section 03, David Yeager PSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r3 · c4 · span 601555–601562
15Section 03, Phillip Yeager RSUDEF 14A2025-04-030001140361-25-012045Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t164 · r4 · c4 · span 603271–603280
16Section 07, pay ratioDEF 14A2025-04-030001140361-25-012045Section “CEO Pay Ratio”. As printed: 54 : 1. Filing ↗machine: span 1069893–1069900
17Section 08, Martin P. SlarkDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 300,089. Filing ↗machine: t136 · r8 · c10 · span 383115–383123
18Section 08, Michael E. FlanneryDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 300,089. Filing ↗machine: t136 · r4 · c10 · span 373985–373993
19Section 08, Gary YablonDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 300,089. Filing ↗machine: t136 · r9 · c10 · span 384939–384947
20Section 08, James C. KennyDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 300,089. Filing ↗machine: t136 · r5 · c10 · span 376267–376275
21Section 08, Mary H. BoosalisDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 300,089. Filing ↗machine: t136 · r2 · c10 · span 369404–369412
22Section 08, Jenell R. RossDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 300,089. Filing ↗machine: t136 · r7 · c10 · span 380832–380840
23Section 08, Lisa DykstraDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 300,089. Filing ↗machine: t136 · r3 · c10 · span 371684–371692
24Section 08, Peter B. McNittDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 300,089. Filing ↗machine: t136 · r6 · c10 · span 378550–378558
25Section 08, David P. YeagerDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 0. Filing ↗
26Section 08, Phillip D. YeagerDEF 14A2025-04-030001140361-25-012045Section “Director Compensation”. As printed: 0. Filing ↗
27Section 06, 2025 voteForm 8-K2025-05-150000950170-25-072610Item 5.07 · say-on-pay result. As reported: 98.29% (votes for as printed: 148,711,866). Filing ↗
28Section 06, 2024 voteForm 8-K2024-05-230000950170-24-063960Item 5.07 · say-on-pay result. As reported: 98.48% (votes for as printed: 151,143,283). Filing ↗
29Section 06, 2023 voteForm 8-K2023-05-260001140361-23-026892Item 5.07 · say-on-pay result. As reported: 98.38% (votes for as printed: 76,706,543). Filing ↗
30Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
31Section 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
32Section 09b board cost (computed)ComputedcomputedCash 800,000 + equity 1,600,712 + all other 0 = 2,400,712, summed across the director compensation table rows.machine: formula: Σ = 2,400,712
33Old 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
34Ryder 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
35GXO 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
36Schneider 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
37Forward Air, Inc., Section 10b CEO totalDEF 14A2026-04-290001104659-26-051569CEO total compensation as printed in Forward Air, Inc.'s own proxy. As printed: 5,561,309. Filing ↗machine: t28 · r1 · c47 · span 679731–679740
38Hub Group (subject), Section 10b CEO totalDEF 14A2025-04-030001140361-25-012045CEO total compensation as printed in Hub Group's own proxy. As printed: 3,964,450. Filing ↗machine: r5 · c19 · span 562725–562735
39Section 10a, Forward Air, Inc. reciprocityDEF 14A0001104659-26-051569Forward Air, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
40Section 10a, GXO Logistics, Inc. reciprocityDEF 14A0001104659-26-046343GXO Logistics, Inc.'s most recent proxy was read; its disclosed peer group does not include Hub Group. Filing ↗
41Section 10a, Ryder System, Inc. reciprocityDEF 14A0001628280-26-016651Ryder System, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
42Section 10a, Old Dominion Freight Line, Inc. reciprocityDEF 14A0000878927-26-000006Old Dominion Freight Line, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, Schneider National, Inc. reciprocityDEF 14A0001104659-25-024115Schneider National, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). Filing ↗