FWRD · Forward Air Corp

$13.75 +0.20 (+1.48%) At close · Jul 17

Market Cap

$434.84M

31,625,046

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Shawn Stewart	CEO	$900,000	—	$4,037,990	—	$617,400	$5,919	$5,561,309
Jamie G. Pierson	CFO	$625,000	—	$2,187,990	—	$321,563	$5,413	$3,139,966
Jerome Lorrain	Chairman	$234,176	—	$1,184,250	—	—	$48,336	$1,466,762
Michael L. Hance	Chief Legal Officer and Secretary	$500,000	—	$600,000	—	$257,250	$6,269	$1,363,519
Eric Brandt	Chief Commercial Officer	$525,000	—	$500,000	—	$261,226	—	$1,286,226

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Shawn Stewart	CEO	$588,462	$400,000	$3,234,892	—	$336,000	$4,905	$4,564,259
Michael L. Hance	Chief Legal Officer and Secretary	$593,462	—	$1,160,000	—	$210,000	$32,424	$1,995,886
Chris C. Ruble	COO	$600,597	—	$1,250,000	—	—	$113,268	$1,963,865
Jamie G. Pierson	CFO	$300,481	$250,000	$1,025,000	—	$131,250	$1,985	$1,708,716
Nancee Ronning	Chief Commercial Officer	$195,442	—	$730,000	—	$74,374	$663,658	$1,663,474
Joseph M. Tomasello	CIO	$349,481	—	$605,000	—	$147,000	$2,967	$1,104,448
Rebecca J. Garbrick	CFO	$277,404	—	$550,000	—	$103,530	$6,332	$937,266
Thomas Schmitt	CEO	$273,435	—	—	—	$30,408	$613,485	$917,328

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Schmitt	CEO	$902,000	—	$2,543,333	$1,271,667	$123,080	$26,241	$4,866,321
Chris C. Ruble	COO	$606,000	—	$525,000	$175,000	$97,263	$12,955	$1,416,218
Michael L. Hance	Chief Legal Officer and Secretary	$456,000	—	$393,750	$131,250	$51,300	$11,712	$1,044,012
Rebecca J. Garbrick	CFO	$400,000	—	$375,000	$125,000	$55,800	$10,689	$966,489
Kyle R. Mitchin	Chief People Officer	$350,000	—	$262,500	$87,500	$54,600	$9,699	$764,299

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Schmitt	CEO	$877,777	—	$1,916,667	$958,333	$2,280,250	$22,783	$6,055,810
Chris C. Ruble	COO	$585,000	—	$468,750	$156,250	$1,146,893	$9,452	$2,366,345
Chief Operating	Officer	$585,000	—	$468,750	$156,250	$1,146,893	$9,452	$2,366,345
Michael L. Hance	Chief Legal Officer and Secretary	$440,000	—	$393,750	$131,250	$853,380	$10,832	$1,829,212
Rebecca J. Garbrick	CFO	$385,000	—	$326,250	$108,750	$743,820	$10,689	$1,574,509
Kyle R. Mitchin	Chief People Officer	$312,000	—	$206,250	$68,750	$606,528	$8,369	$1,201,897

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Schmitt	CEO	$875,000	—	$2,156,250	$718,750	$2,275,000	$23,000	$6,048,000
Chris C. Ruble	Chief Operating Officer and President	$585,000	—	$625,000	—	$1,134,608	$10,196	$2,354,804
Chief Operating	Officer	$585,000	—	$625,000	—	$1,134,608	$10,196	$2,354,804
Michael L. Hance	Chief Legal Officer and Secretary	$440,000	—	$525,000	—	$854,700	$9,593	$1,829,293
Scott E. Schara	Chief Commercial Officer	$505,000	—	$275,000	—	$989,295	$9,223	$1,778,518
Kyle R. Mitchin	Chief People Officer	$312,000	—	$275,000	—	$605,124	$7,994	$1,200,118
Chief People	Officer	$312,000	—	$275,000	—	$605,124	$7,994	$1,200,118
Michael J. Morris	CFO	$148,616	—	$750,000	—	—	$50,580	$949,196
Rebecca J. Garbrick	CFO	$272,782	—	$65,000	—	$373,902	$3,870	$715,554

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Schmitt	CEO	$850,000	—	$1,593,750	$531,250	$204,000	$21,911	$3,200,911
Matthew J. Jewell	—	$293,285	—	$375,000	—	$37,650	$682,353	$1,388,288
Chris C. Ruble	Chief Operating Officer and President	$571,000	—	$450,000	—	$102,780	$9,120	$1,132,900
Chief Operating	Officer	$571,000	—	$450,000	—	$102,780	$9,120	$1,132,900
Michael J. Morris	CFO	$471,000	—	$500,000	—	$84,780	$12,667	$1,068,447
Michael L. Hance	Chief Legal Officer and Secretary	$413,000	—	$330,000	—	$74,340	$10,320	$827,660
Scott E. Schara	Chief Commercial Officer	$166,667	$153,000	$220,000	—	$30,000	$45,815	$615,482
Chief Commercial	Officer	$166,667	$153,000	$220,000	—	$30,000	$45,815	$615,482
Chief People	Officer	$306,000	—	$220,000	—	$36,720	$8,465	$571,185

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Schmitt	CEO	$800,000	—	—	—	$472,640	$60,081	$1,332,721
Chief Operating	Officer	$560,000	—	$450,000	—	$241,752	$12,865	$1,264,617
Michael J. Morris	CFO	$462,000	—	$500,000	—	$203,326	$14,326	$1,179,652
Former Chief	Commercial Officer	$492,000	—	$330,000	—	$247,064	$12,697	$1,081,761
Michael L. Hance	Chief Legal Officer and Secretary	$405,000	—	$330,000	—	$177,633	$12,697	$925,330

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Thomas Schmitt	CEO	$249,231	$413,000	$1,606,500	$1,684,660	$317,997	$92,521	$4,363,909
Former Chief	Commercial Officer	$478,000	—	$577,500	$82,500	$514,627	$10,694	$1,663,321
Chief Operating	Officer	$533,000	—	$577,500	$82,500	$450,638	$11,250	$1,654,888
Michael J. Morris	CFO	$440,000	—	$577,500	$82,500	$380,424	$12,644	$1,493,068
Michael L. Hance	Chief Legal Officer and Secretary	$389,000	$20,000	$577,500	$82,500	$336,329	$11,250	$1,416,579

Executive changes

Person	Role	Change	Effective	Filed
Christine M. Gorjanc	independent Chair of the Board	Appointed	2026-07-10	2026-07-10

Key facts CIK 912728 CUSIP 34986A104 13F (30d) 15 filings 14 filers Visit website Investor relations