HTLD · Heartland Express Inc

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$15.24 -0.07 (-0.46%) At close · Jul 22

Market Cap

$1.18B

Shares

77.49M

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
Mr. Michael J. Gerdin	CEO	$1,050,000	—	—	—	—	$20,362	$1,070,362
Christopher A. Strain	CFO	$364,000	—	$10,960	—	—	$17,433	$392,393
Mr. Kent D. Rigdon	COO	$327,600	—	$10,960	—	—	$6,552	$345,112
Mr. Joshua S. Helmich	Chief Administrative Officer and Secretary This column represents the aggregate grant date fair value of restricted stock grants computed in accordance with the Financial Accounting Standards Board authoritative guidance on stock-based compensation, FASB ASC Topic 718. The amount reflects the accounting expense to be recognized over the vesting period of the restricted stock award, and does not necessarily correspond to the actual value that will be recognized by the Named Executive Officer. Amounts reflect payments made under our Tuition Plan as discussed in the Compensation Discussion and Analysis. Prior to 2024, Mr. Millis' compensation included discretionary cash bonuses as a component of his compensation. These bonuses were compensation components established prior to the Company acquiring Millis Transfer. No Named Executive Officers received cash bonuses in 2024 or 2025. Amounts reflect Company contributions under the 401(k) Plan. Mr. Helmich was not a Named Executive Officer in 2023.	$286,000	—	$10,960	—	—	$14,416	$311,376
Mr. David P. Millis	Board Member	$190,424	—	$99,996	—	—	$4,420	$294,840

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mr. Michael J. Gerdin	CEO	$1,050,410	—	—	—	—	$20,097	$1,070,507
Mr. Michael P. Donovan	COO	$176,000	—	$326,162	—	—	$14,769	$516,931
Christopher A. Strain	CFO	$364,170	—	—	—	—	$8,729	$372,899
Mr. Kent D. Rigdon	COO	$327,840	—	—	—	—	$15,492	$343,332
Mr. Joshua S. Helmich	CFO	$286,180	—	—	—	—	$12,589	$298,769
Mr. David P. Millis	Board Member	$190,824	—	$98,218	—	—	$6,610	$295,652

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mr. Michael J. Gerdin	CEO	$980,577	—	—	—	—	$31,906	$1,012,483
Mr. Todd A. Smith	President of Smith Transport This column represents the aggregate grant date fair value of restricted stock grants computed in accordance with the Financial Accounting Standards Board authoritative guidance on stock-based compensation, FASB ASC Topic 718. The amount reflects the accounting expense to be recognized over the vesting period of the restricted stock award, and does not necessarily correspond to the actual value that will be recognized by the Named Executive Officer. Amounts reflect payments made under our Tuition Plan as discussed in the Compensation Discussion and Analysis. Mr. Smith was not a Named Executive Officer in 2021 or 2020. Salary includes pay subsequent to the Smith Transport acquisition date of May 31, 2022. Mr. Millis's compensation includes components that were established prior to the Company acquiring Millis Transfer, with discretionary cash bonuses being a component of his compensation. Mr. Millis is the only Named Executive Officer that received a cash bonus in 2022. Represents Company contributions to Mr. Millis under the Millis Transfer 401(k) Plan. Mr. Millis is the only Named Executive Officer that received Company 401(k) contributions. Represents an automobile allowance that was established prior to the Company acquiring Smith Transport. Amount presented represents payments made subsequent to Smith Transport acquisition date of May 31, 2022. Mr. Smith is the only Named Executive Officer that received an automobile allowance.	$378,564	$275,000	—	—	—	$20,654	$674,218
Mr. Michael P. Donovan	COO	$277,115	$75,000	—	—	—	$24,000	$376,115
Mr. Kent D. Rigdon	COO	$314,630	—	—	—	—	$19,810	$334,440
Christopher A. Strain	CFO	$331,160	—	—	—	—	—	$331,160
Mr. David P. Millis	Board Member	$176,965	$28,560	$114,837	—	—	$8,123	$328,485

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mr. Michael J. Gerdin	CEO	$830,770	—	—	—	—	$8,895	$839,665
Christopher A. Strain	CFO	$295,115	—	$104,160	—	—	—	$399,275
Mr. Todd A. Smith	President of Smith Transport This column represents the aggregate grant date fair value of restricted stock grants computed in accordance with the Financial Accounting Standards Board authoritative guidance on stock-based compensation, FASB ASC Topic 718. The amount reflects the accounting expense to be recognized over the vesting period of the restricted stock award, and does not necessarily correspond to the actual value that will be recognized by the Named Executive Officer. Amounts reflect payments made under our Tuition Plan as discussed in the Compensation Discussion and Analysis. Mr. Smith was not a Named Executive Officer in 2021 or 2020. Salary includes pay subsequent to the Smith Transport acquisition date of May 31, 2022. Mr. Millis's compensation includes components that were established prior to the Company acquiring Millis Transfer, with discretionary cash bonuses being a component of his compensation. Mr. Millis is the only Named Executive Officer that received a cash bonus in 2022. Represents Company contributions to Mr. Millis under the Millis Transfer 401(k) Plan. Mr. Millis is the only Named Executive Officer that received Company 401(k) contributions. Represents an automobile allowance that was established prior to the Company acquiring Smith Transport. Amount presented represents payments made subsequent to Smith Transport acquisition date of May 31, 2022. Mr. Smith is the only Named Executive Officer that received an automobile allowance.	$338,462	—	—	—	—	$18,462	$356,924
Mr. Kent D. Rigdon	COO	$292,865	—	—	—	—	$19,184	$312,049
Mr. David P. Millis	Board Member	$131,800	$55,400	$99,994	—	—	$4,905	$292,099

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mr. Michael J. Gerdin	CEO	$780,380	—	—	—	—	$17,520	$797,900
Mr. Kent D. Rigdon	COO	$276,240	—	—	—	—	$13,704	$289,944
Christopher A. Strain	CFO	$276,190	—	—	—	—	—	$276,190
Ms. Jo A. Borden	Former Vice President of Human Resources and Risk Management	$253,500	—	—	—	—	—	$253,500
Mr. David P. Millis	Board Member	$130,000	$51,120	$10,044	—	—	$5,850	$197,014

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mr. Michael J. Gerdin	CEO	$795,370	—	—	—	—	$25,383	$820,753
Mr. David P. Millis	Board Member	$130,000	$51,780	$221,364	—	—	$5,931	$409,075
Kent D. Rigdon	Vice President of Sales	$266,930	—	—	—	—	$9,417	$276,347
Mr. Kent D. Rigdon	COO	$266,930	—	—	—	—	$9,417	$276,347
Christopher A. Strain	CFO	$266,880	—	—	—	—	—	$266,880
Jo A. Borden	Vice President of Human Resources and Risk Management	$252,625	—	—	—	—	—	$252,625
Ms. Jo A. Borden	Former Vice President of Human Resources and Risk Management	$252,625	—	—	—	—	—	$252,625

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mr. Michael J. Gerdin	CEO	$757,591	—	—	—	—	—	$757,591
Christopher A. Strain	CFO	$252,056	—	$22,100	—	—	—	$274,156
Kent D. Rigdon	Vice President of Sales	$252,106	—	$11,050	—	—	$7,423	$270,579
Mr. Kent D. Rigdon	Chief Operating Officer	$252,106	—	$11,050	—	—	$7,423	$270,579
Todd A. Trimble	Vice President of Southern Operations	$171,840	—	$11,050	—	—	—	$182,890
K. Eric Eickman	Vice President of Information Technology	$157,740	—	$11,050	—	—	—	$168,790

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mr. Michael J. Gerdin	CEO	$705,892	—	—	—	—	—	$705,892
Kent D. Rigdon	Vice President of Sales	$237,548	—	—	—	—	$29,787	$267,335
Christopher A. Strain	CFO	$238,286	—	—	—	—	—	$238,286
Todd A. Trimble	Vice President of Southern Operations	$162,127	—	—	—	—	—	$162,127
K. Eric Eickman	Vice President of Information Technology	$149,465	—	—	—	—	—	$149,465

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Mr. Michael J. Gerdin	CEO	$662,071	—	—	—	—	—	$662,071
Christopher A. Strain	CFO	$187,560	—	$114,900	—	—	—	$302,460
Kent D. Rigdon	Vice President of Sales	$222,750	—	—	—	—	$9,699	$232,449
Todd A. Trimble	Vice President of Southern Operations	$152,594	—	—	—	—	$5,319	$157,913
K. Eric Eickman	Vice President of Information Technology	$141,565	—	—	—	—	—	$141,565

Key facts CIK 799233 CUSIP 422347104 13F (30d) 24 filings 24 filers Visit website Investor relations