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Companies Hub Group

Hub (HUBG): executive pay, fiscal 2024

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CEO total pay$3,964,450CEO Phillip Yeager · source
Say-on-pay support98.29%Latest vote · source
CEO vs. named peers10th pct.Of 12 peer CEOs
CEO pay ratio54:1To the median employee · source

CEO pay, last three years

  • $3,631,958FY2022
  • $2,609,274FY2023
  • $3,964,450FY2024

CEO total pay was $3,964,450 in fiscal 2024, up from $2,609,274 in fiscal 2023.

FY2024: salary $850,000 · stock awards $2,400,342

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Hub Group in fiscal 2024?
As disclosed, Phillip Yeager (President, CEO and Vice Chairman) was the highest-paid executive at Hub Group in fiscal 2024, with total compensation of $3,964,450.
How does Hub Group's chief executive pay compare to its disclosed peer group?
As disclosed, Phillip Yeager's total compensation ranked at the 10th percentile of Hub Group's disclosed peer group.
What is Hub Group's CEO-to-median employee pay ratio?
As disclosed, Hub Group's CEO-to-median employee pay ratio was 54:1.
How did shareholders vote on Hub Group's executive compensation?
As disclosed, 98.29% of shareholders supported Hub Group's executive compensation in the latest say-on-pay vote.
How much does Hub Group spend in total on board compensation for fiscal 2024?
As disclosed, Hub Group reported total board compensation of $2,400,712 for fiscal 2024.

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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Phillip Yeager$850,000—$2,400,342—$552,500—$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 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 FY2023→2024
Phillip Yeager$3,964,450$2,609,274$3,631,958↑ +1,355,176
David Yeager3,009,6492,665,6385,821,094↑ +344,011
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.

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. We seek to incentivize our executives through both short-term and long-term awards, with a goal of rewarding superior Company performance.

CEO STI target (% of salary)125%
CEO LTI target (% of salary)—
Independent consultantAon
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2024

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Phillip YeagerRSA2024-01-02——26,308—$1,200,171
Kevin BethPA2024-01-02—6,030—12,060275,089
Kevin BethRSA2024-01-02——6,030—275,089
David YeagerPA2024-01-02—18,636—37,272850,174
Brian AlexanderRSA2024-01-02——6,578—300,088
David YeagerRSA2024-01-02——18,636—850,174
Thomas LaFranceRSA2024-01-02——6,030—275,089
Brian AlexanderPA2024-01-02—6,578—13,156300,088
Phillip YeagerPA2024-01-02—26,308—52,6161,200,171
Thomas LaFrancePA2024-01-02—6,030—12,060275,089

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Phillip Yeager$0$1,200,171$0100.0%
Kevin Beth0275,0890100.0%
David Yeager0850,1740100.0%
Brian Alexander0300,0880100.0%
Thomas LaFrance0275,0890100.0%

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

Outstanding equity awards at fiscal year-end 2024

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Brian AlexanderRSU1,142—$50,888
Kevin BethRSU1,218—54,274
Kevin BethRSU1,600—71,296
Brian AlexanderRSU2,104—93,754
Kevin BethRSU2,492—111,044
Brian AlexanderRSU2,492—111,044
YeagerRSU3,200—142,592
Thomas LaFranceRSU3,918—174,586
Brian AlexanderRSU5,032—224,226
Kevin BethRSU5,694—253,725
Kevin BethRSU6,030—268,697
Brian AlexanderRSU6,030—268,697
Brian AlexanderRSU6,578—293,116
Thomas LaFranceRSU7,204—321,010
YeagerRSU8,000—356,480
Kevin BethPSU8,312—370,383
Brian AlexanderPSU8,312—370,383
Kevin BethPSU10,068—448,630
Kevin BethPSU10,613—472,906
Brian AlexanderPSU10,613—472,906
YeagerRSU11,394—507,717
Brian AlexanderPSU11,577—515,884
Brian AlexanderPSU12,584—560,743
Thomas LaFrancePSU13,060—581,954
Thomas LaFrancePSU13,840—616,710
YeagerRSU15,668—698,166
YeagerRSU16,000—712,960
YeagerRSU16,416—731,497
YeagerRSU17,738—790,405
YeagerRSU18,636—830,420
YeagerRSU26,308—1,172,284
YeagerPSU32,799—1,461,539
YeagerPSU37,988—1,692,745
YeagerPSU41,044—1,828,921
YeagerPSU44,348—1,976,147
YeagerPSU46,302—2,063,221
YeagerPSU52,232—2,327,458
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Jenell R. RossIndependent · Compensation · Nominating and Governance$100,000$200,089———$300,089
Martin P. SlarkIndependent · Audit · Compensation · Nominating and Governance100,000200,089———300,089
James C. KennyIndependent · Compensation · Nominating and Governance100,000200,089———300,089
Gary YablonIndependent · Audit · Compensation · Nominating and Governance100,000200,089———300,089
Michael E. FlanneryIndependent · Audit · Compensation · Nominating and Governance100,000200,089———300,089
Peter B. McNittIndependent · Lead Independent Director · Audit · Compensation · Nominating and Governance100,000200,089———300,089
Lisa DykstraIndependent · Compensation · Nominating and Governance100,000200,089———300,089
Mary H. BoosalisIndependent · Compensation · Nominating and Governance100,000200,089———300,089
David P. YeagerEmployee director · Board Chair—————0
Phillip D. YeagerEmployee director000—00

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$200,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline$3

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.

Peer group, and who names Hub as a peer

Companies that benchmark against HUBG

22 companies name HUBG as a compensation peer

The list of companies that name HUBG as a peer is temporarily unavailable — recheck shortly.

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.

Peer reciprocity

The companies Hub Group names as compensation peers that name it back in their own disclosed peer groups.

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
4RXO Inc.2025Drew Wilkerson703,1546,339,646—529,2497,589,549
5Schneider National, Inc.2025Mark Rourke1,000,0005,704,1740569,1207,380,101
6Saia, Inc.2025Frederick Holzgrefe980,0005,176,716006,312,241
7Werner Enterprises, Inc.2025Derek Leathers974,0774,200,0000745,1066,048,549
8Forward Air, Inc.2025Shawn Stewart900,0004,037,9900617,4005,561,309
9Knight-Swift Transportation Holdings, Inc.2025Adam Miller950,0003,242,667—803,1305,011,329
10Hub Group2024Phillip Yeager850,0002,400,342—552,5003,964,450
11ArcBest Corporation2025Seth Runser575,000390,2540201,9881,234,403

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.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Hub Groupnot disclosedRSU 50 · PRSU 50NoAon
ArcBest Corporationnot disclosedC-LTIP 60 · RSU 40not disclosedMeridian Compensation Partners, LLC
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 disclosedPRSU 60 · RSU 40not disclosedPearl Meyer
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 disclosedPRSU 50 · RSU 50not disclosedPearl Meyer & Partners, LLC
Ryder System, Inc.90%PSU 60 · RSU 40NoFW Cook
Saia, Inc.not disclosedPSU 50 · Restricted Stock 50not disclosedMercer
Schneider National, Inc.not disclosedPSU 50 · RSU 50Yes — RELATIVE TOTAL SHAREHOLDER RETURN (rTSR)Frederic W. Cook & Co, Inc.
Werner Enterprises, Inc.not disclosednot disclosednot disclosedFrederic W. Cook & Co.

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.

Say-on-pay history and pay ratio
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.

CEO pay ratio

Ratio (CEO : median employee)54 : 1
CEO total compensation$3,964,450
Median employee compensation$73,745
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (52 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, Phillip Yeager. DEF 14A, filed 2025-04-03. Section “2024 Summary Compensation Table”. As printed: 3,964,450. View filing ↗
  • Section 01, David Yeager. DEF 14A, filed 2025-04-03. Section “2024 Summary Compensation Table”. As printed: 3,009,649. View filing ↗
  • Section 01, Thomas LaFrance. DEF 14A, filed 2025-04-03. Section “2024 Summary Compensation Table”. As printed: 1,308,651. View filing ↗
  • Section 01, Brian Alexander. DEF 14A, filed 2025-04-03. Section “2024 Summary Compensation Table”. As printed: 1,276,478. View filing ↗
  • Section 01, Kevin Beth. DEF 14A, filed 2025-04-03. Section “2024 Summary Compensation Table”. As printed: 1,117,330. View filing ↗
  • Section 03, Phillip Yeager RSA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Kevin Beth PA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Kevin Beth RSA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Yeager PA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Brian Alexander RSA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, David Yeager RSA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas LaFrance RSA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Brian Alexander PA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Phillip Yeager PA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Thomas LaFrance PA. DEF 14A, filed 2025-04-03. Section “2024 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2025-04-03. Section “CEO Pay Ratio”. As printed: 54 : 1. View filing ↗
  • Section 08, Jenell R. Ross. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 300,089. View filing ↗
  • Section 08, Martin P. Slark. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 300,089. View filing ↗
  • Section 08, James C. Kenny. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 300,089. View filing ↗
  • Section 08, Gary Yablon. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 300,089. View filing ↗
  • Section 08, Michael E. Flannery. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 300,089. View filing ↗
  • Section 08, Peter B. McNitt. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 300,089. View filing ↗
  • Section 08, Lisa Dykstra. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 300,089. View filing ↗
  • Section 08, Mary H. Boosalis. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 300,089. View filing ↗
  • Section 08, David P. Yeager. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Phillip D. Yeager. DEF 14A, filed 2025-04-03. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-15. Item 5.07 · say-on-pay result. As reported: 98.29% (votes for as printed: 148,711,866). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-23. Item 5.07 · say-on-pay result. As reported: 98.48% (votes for as printed: 151,143,283). View filing ↗
  • Section 06, 2023 vote. Form 8-K, filed 2023-05-26. Item 5.07 · say-on-pay result. As reported: 98.38% (votes for as printed: 76,706,543). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 800,000 + equity 1,600,712 + all other 0 = 2,400,712, summed across the director compensation table rows.
  • Old Dominion Freight Line, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Old Dominion Freight Line, Inc.'s own proxy. As printed: 11,615,896. View filing ↗
  • Ryder System, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Ryder System, Inc.'s own proxy. As printed: 10,178,386. View filing ↗
  • GXO Logistics, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-22. CEO total compensation as printed in GXO Logistics, Inc.'s own proxy. As printed: 7,628,275. View filing ↗
  • RXO Inc., Section 10b CEO total. DEF 14A, filed 2026-03-30. CEO total compensation as printed in RXO Inc.'s own proxy. As printed: 7,589,549. View filing ↗
  • Schneider National, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Schneider National, Inc.'s own proxy. As printed: 7,380,101. View filing ↗
  • Saia, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-16. CEO total compensation as printed in Saia, Inc.'s own proxy. As printed: 6,312,241. View filing ↗
  • Werner Enterprises, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Werner Enterprises, Inc.'s own proxy. As printed: 6,048,549. View filing ↗
  • Forward Air, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Forward Air, Inc.'s own proxy. As printed: 5,561,309. View filing ↗
  • Knight-Swift Transportation Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Knight-Swift Transportation Holdings, Inc.'s own proxy. As printed: 5,011,329. View filing ↗
  • Hub Group (subject), Section 10b CEO total. DEF 14A, filed 2025-04-03. CEO total compensation as printed in Hub Group's own proxy. As printed: 3,964,450. View filing ↗
  • ArcBest Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in ArcBest Corporation's own proxy. As printed: 1,234,403. View filing ↗
  • Section 10a, Forward Air, Inc. reciprocity. DEF 14A. Forward Air, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, RXO Inc. reciprocity. DEF 14A. RXO Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Saia, Inc. reciprocity. DEF 14A. Saia, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Ryder System, Inc. reciprocity. DEF 14A. Ryder System, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, ArcBest Corporation reciprocity. DEF 14A. ArcBest Corporation names Hub Group in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Knight-Swift Transportation Holdings, Inc. reciprocity. DEF 14A. Knight-Swift Transportation Holdings, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Old Dominion Freight Line, Inc. reciprocity. DEF 14A. Old Dominion Freight Line, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Schneider National, Inc. reciprocity. DEF 14A. Schneider National, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Werner Enterprises, Inc. reciprocity. DEF 14A. Werner Enterprises, Inc. names Hub Group in its own disclosed peer group (read from its most recent proxy). View filing ↗
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