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Shawn Stewart received $5.6M in total compensation as Chief Executive Officer of FORWARD AIR CORP in FY2025. The largest component was $4.0M in stock awards. That’s up 22% from FY2024. Source: SEC DEF 14A.
In fiscal year 2025, Shawn Stewart, Chief Executive Officer of FORWARD AIR CORP (FWRD), received total compensation of $5.6 million.
Shawn Stewart's compensation breakdown includes: base salary of $900K, stock awards valued at $4.0 million, non-equity incentive compensation of $617K, and other compensation of $6K.
Compared to fiscal year 2024, Shawn Stewart's total compensation increased 506% from $917K to $5.6 million.
FORWARD AIR CORP's top 5 named executive officers received combined total compensation of $12.8 million in fiscal year 2025.
The named executive officers disclosed in FORWARD AIR CORP's 2025 proxy statement are:Shawn Stewart (Chief Executive Officer) with total compensation of $5.6 million, Jamie Pierson (Chief Financial Officer) with total compensation of $3.1 million, Jerome Lorrain (Executive Chairman) with total compensation of $1.5 million, Michael L. Hance (Chief Legal Officer and Secretary) with total compensation of $1.4 million, and Eric Brandt (Chief Commercial Officer) with total compensation of $1.3 million.
Shawn Stewart, Chief Executive Officer of FORWARD AIR CORP (FWRD), received $5,561,309 in total compensation for FY2025, up 21.8% from the prior year. Stock awards of $4,037,990 were the largest component. Figures come from FORWARD AIR CORP's DEF 14A 0001104659-26-051569 filed 29 Apr 2026.
Source Filing
Executive Record
Shawn Stewart
Chief Executive Officer
Reported Pay
$5.6MSummary compensation table total · FY2025
Findings
Reviewing FY2025 compensation of $5.6M against -22% shareholder return and the latest filing-backed pay disclosures.
Reported pay changed +22%; spread versus stock performance is pending computation.
Evidence is sourced from the latest executive compensation filing and return series for FWRD.
FORWARD AIR CORP (FWRD) — Key Facts
Last updated Aug 18, 2026 · DEF 14A filed Apr 29, 2026
| CEO | Shawn Stewart, Chief Executive Officer |
|---|---|
| Fiscal year | FY2025 |
| Total compensation | $5.6M |
| Base salary | $900K |
| Stock awards | $4.0M |
| Other compensation | $6K |
| Year-over-year change | +22% |
| Source | DEF 14A, 2026-04-29 |
Shawn Stewart, the Chief Executive Officer of FORWARD AIR CORP, received total compensation of $5,561,309 in fiscal year 2025. This includes base salary of $900,000 and stock awards valued at $4,037,990. Figures come from FORWARD AIR CORP's DEF 14A 0001104659-26-051569 filed 29 Apr 2026.
Shawn Stewart's base salary at FORWARD AIR CORP is $900,000 per year as of fiscal year 2025. However, total compensation including stock awards, bonuses, and other benefits is $5,561,309. Figures come from FORWARD AIR CORP's DEF 14A 0001104659-26-051569 filed 29 Apr 2026.
FORWARD AIR CORP's CEO, Shawn Stewart, earned $5,561,309 in total compensation for fiscal year 2025. The majority of this compensation comes from stock awards ($4,037,990) rather than base salary ($900,000). Figures come from FORWARD AIR CORP's DEF 14A 0001104659-26-051569 filed 29 Apr 2026.
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