Five executives of J.B. Hunt Transport Services received raises for 2017.
On Oct. 20, the Lowell-based carrier’s executive compensation committee approved base salary increases of between 2% and 5%, according to a filing with the U.S. Securities and Exchange Commission.
John N. Roberts III, president and CEO, received a 3% raise to $825,000, from $800,000.
Roberts’ total 2015 compensation jumped 23% to $5.38 million, from $4.35 million in 2014, according to the company’s 2016 proxy statement.
Total compensation includes base salary, bonuses, reimbursements, 401(k) matching contributions and company shares.
The following three executives were approved for a 2% increase to $485,000, from $475,000:
• David G. Mee, executive vice president of finance and administration and CFO
• Terry Matthews, executive vice president and president of intermodal
• Shelley Simpson, executive vice president of integrated capacity solutions and truckload and chief marketing officer
Total 2015 compensation for Mee jumped 43% to $2.44 million, from $1.70 million.
Simpson’s total 2015 compensation increased 24% to $2.02 million, from $1.62 million.
Matthews’ total 2015 compensation rose 29% to $1.72 million, from $1.33 million.
Nicholas Hobbs, executive vice president and president of dedicated contract services, will see a 5% bump in pay to $475,000, from $450,000.
Hobbs received $1.98 million in total 2015 compensation.
Board chairman Kirk Thompson’s salary will remain at $350,000.
His total 2015 compensation rose 8% to $2.27 million, from $2.09 million.
The executives’ 2017 salary increases are set to go into effect Jan. 1.