Covenant Logistics Group Management

Management criteria checks 3/4

Covenant Logistics Group's CEO is David Parker, appointed in Jan 1994, has a tenure of 30.25 years. total yearly compensation is $1.38M, comprised of 57.9% salary and 42.1% bonuses, including company stock and options. directly owns 15.13% of the company’s shares, worth €83.26M. The average tenure of the management team and the board of directors is 3 years and 3.8 years respectively.

Key information

David Parker

Chief executive officer

US$1.4m

Total compensation

CEO salary percentage	57.9%
CEO tenure	30.3yrs
CEO ownership	15.1%
Management average tenure	3yrs
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Parker's remuneration changed compared to Covenant Logistics Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$42m
Dec 31 2023	US$1m	US$800k	US$55m
Sep 30 2023	n/a	n/a	US$53m
Jun 30 2023	n/a	n/a	US$90m
Mar 31 2023	n/a	n/a	US$102m
Dec 31 2022	US$2m	US$743k	US$108m
Sep 30 2022	n/a	n/a	US$114m
Jun 30 2022	n/a	n/a	US$81m
Mar 31 2022	n/a	n/a	US$72m
Dec 31 2021	US$6m	US$717k	US$58m
Sep 30 2021	n/a	n/a	US$48m
Jun 30 2021	n/a	n/a	US$36m
Mar 31 2021	n/a	n/a	-US$2m
Dec 31 2020	US$1m	US$627k	-US$14m
Sep 30 2020	n/a	n/a	-US$21m
Jun 30 2020	n/a	n/a	-US$30m
Mar 31 2020	n/a	n/a	-US$2m
Dec 31 2019	US$954k	US$675k	US$5m
Sep 30 2019	n/a	n/a	US$21m
Jun 30 2019	n/a	n/a	US$37m
Mar 31 2019	n/a	n/a	US$42m
Dec 31 2018	US$2m	US$642k	US$41m
Sep 30 2018	n/a	n/a	US$75m
Jun 30 2018	n/a	n/a	US$68m
Mar 31 2018	n/a	n/a	US$60m
Dec 31 2017	US$1m	US$590k	US$55m

Compensation vs Market: David's total compensation ($USD1.38M) is above average for companies of similar size in the German market ($USD1.02M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Parker (65 yo)

30.3yrs

Tenure

US$1,381,818

Compensation

Mr. David Ray Parker has been the Chairman and Chief Executive Officer of Covenant Logistics Group, Inc. (formerly known as Covenant Transportation Group, Inc.). since 1994. Mr. Parker served as the Presid...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Parker	Chairman of the Board & CEO	30.3yrs	US$1.38m	15.13% $ 83.3m
M. Bunn	President & COO	3yrs	US$1.80m	0.84% $ 4.6m
James Grant	Executive VP & CFO	1.9yrs	US$935.12k	0.085% $ 469.9k
Joey Hogan	Executive VP & Director	1.3yrs	US$1.45m	0.71% $ 3.9m
Samuel Hough	Executive Vice President of Expedited Operations	11.2yrs	US$833.21k	0.087% $ 478.7k
Lynn Doster	Executive Vice President of Dedicated & Warehousing Operations	3.1yrs	US$840.78k	0.071% $ 390.0k
Matisse Long	Chief Accounting Officer	less than a year	no data	0.070% $ 382.6k
Eric Whitton	Senior Vice President of Technology	no data	no data	no data
Troy Robertson	Senior VP & General Counsel	2.2yrs	no data	no data
Joey Ballard	Executive Vice President of People & Safety	1.9yrs	no data	0.12% $ 682.1k
R. Lovin	Executive Vice President	16.9yrs	US$420.02k	no data
William Cartright	Senior Vice President of Dedicated Operations	6.8yrs	no data	no data

3.0yrs

Average Tenure

49yo

Average Age

Experienced Management: CV5's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Parker	Chairman of the Board & CEO	39.3yrs	US$1.38m	15.13% $ 83.3m
Joey Hogan	Executive VP & Director	less than a year	US$1.45m	0.71% $ 3.9m
Bradley Moline	Independent Director	21.3yrs	US$164.67k	0.40% $ 2.2m
Wesley Welborn	Lead Independent Director	6.9yrs	US$194.99k	0.22% $ 1.2m
Benjamin Carson	Independent Director	2.8yrs	US$162.49k	0.073% $ 402.4k
Herbert Schmidt	Independent Director	10.5yrs	US$164.99k	0.24% $ 1.3m
David Kramer	Independent Director	3.8yrs	US$174.99k	0.12% $ 646.8k
Rachel Parker-Hatchett	Director	3.8yrs	US$154.99k	1.18% $ 6.5m
Tracy Rosser	Independent Director	less than a year	US$133.98k	0.019% $ 103.0k

3.8yrs

Average Tenure

64yo

Average Age

Experienced Board: CV5's board of directors are considered experienced (3.8 years average tenure).

Covenant Logistics Group Management

Management criteria checks 3/4

Key information

Recent management updates

Covenant Logistics Group, Inc., Annual General Meeting, May 15, 2024

Covenant Logistics Group, Inc. Announces Retirement of Lynn Doster as Executive Vice President, Effective December 31, 2024

Chairman of the Board & CEO recently sold €2.2m worth of stock

Insider recently sold €179k worth of stock

Executive VP & Director recently sold €464k worth of stock

Covenant Logistics Group, Inc. Announces Executive Changes

Recent updates

First quarter 2024 earnings released: EPS: US$0.29 (vs US$1.23 in 1Q 2023)

Covenant Logistics Group, Inc., Annual General Meeting, May 15, 2024

Covenant Logistics Group, Inc. Announces Retirement of Lynn Doster as Executive Vice President, Effective December 31, 2024

Covenant Logistics Group, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Full year 2023 earnings released: EPS: US$4.19 (vs US$7.19 in FY 2022)

New major risk - Earnings quality

Fourth quarter dividend of US$0.11 announced

Chairman of the Board & CEO recently sold €2.2m worth of stock

Insider recently sold €179k worth of stock

Covenant Logistics Group Announces Quarterly Cash Dividend, Payable on March 29, 2024

Executive VP & Director recently sold €464k worth of stock

Full year 2023 earnings released: EPS: US$4.19 (vs US$7.19 in FY 2022)

Covenant Logistics Group, Inc. Announces Executive Changes

Covenant Logistics Group, Inc. Announces Quarterly Cash Dividend, Payable on December 29, 2023

New major risk - Earnings quality

Third quarter 2023 earnings released: EPS: US$1.03 (vs US$3.47 in 3Q 2022)

New major risk - Revenue and earnings growth

Covenant Logistics Group, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Covenant Logistics Group, Inc. Declares Quarterly Cash Dividend on Class A and Class B Common Stock, Payable on September 29, 2023

New major risk - Earnings quality

Investor sentiment improves as stock rises 15%

Now 22% undervalued

Second quarter 2023 earnings released: EPS: US$0.94 (vs US$1.58 in 2Q 2022)

Covenant Logistics Group, Inc. to Report Q2, 2023 Results on Jul 26, 2023

High number of new directors

Executive VP & Director recently sold €269k worth of stock

Covenant Logistics Group, Inc. Declares Quarterly Cash Dividend on its Class A and Class B Common Stock, Payable on June 30, 2023

Investor sentiment improves as stock rises 21%

First quarter 2023 earnings released: EPS: US$1.23 (vs US$1.34 in 1Q 2022)

Full year 2022 earnings released: EPS: US$7.19 (vs US$3.46 in FY 2021)

Covenant Logistics Group Announces Increase to Quarterly Cash Dividend, Payable on March 31, 2023

Investor sentiment improves as stock rises 17%

Full year 2022 earnings released: EPS: US$7.19 (vs US$3.46 in FY 2021)

Covenant Logistics Group, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Upcoming dividend of US$0.08 per share

Covenant Logistics Group, Inc. Announces Quarterly Cash Dividend, Payable on December 30, 2022

Independent Director recently sold €720k worth of stock

Third quarter 2022 earnings released: EPS: US$3.47 (vs US$0.98 in 3Q 2021)

Covenant Logistics Group, Inc. Announces Executive Changes, Effective January 1, 2023

Covenant Logistics Group, Inc. to Report Q3, 2022 Results on Oct 20, 2022

Investor sentiment deteriorated over the past week

Independent Director recently sold €1.1m worth of stock

Upcoming dividend of US$0.08 per share

Covenant Logistics Group, Inc. Declares Quarterly Cash Dividend on Class A and Class B Common Stock, Payable on September 30, 2022

Insider recently sold €1.4m worth of stock

Second quarter 2022 earnings released: EPS: US$1.58 (vs US$0.92 in 2Q 2021)

Covenant Logistics Group, Inc. to Report Q2, 2022 Results on Jul 25, 2022

Investor sentiment improved over the past week

Covenant Logistics Group, Inc. (NasdaqGS:CVLG) announces an Equity Buyback for $75 million worth of its shares.

First quarter 2022 earnings released: EPS: US$1.34 (vs US$0.51 in 1Q 2021)

Covenant Logistics Group, Inc., Annual General Meeting, May 18, 2022

Covenant Logistics Group, Inc. to Report Q1, 2022 Results on Apr 27, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Covenant Logistics Group, Inc. (NasdaqGS:CVLG) announces an Equity Buyback for $30 million worth of its shares.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Third quarter 2021 earnings released: EPS US$0.98 (vs US$0.28 in 3Q 2020)

Investor sentiment improved over the past week

Covenant Logistics Group, Inc. (NasdaqGS:CVLG) announces an Equity Buyback for $40 million worth of its shares.

Second quarter 2021 earnings released: EPS US$0.92 (vs US$1.36 loss in 2Q 2020)

First quarter 2021 earnings released: EPS US$0.51 (vs US$0.17 loss in 1Q 2020)

Revenue misses expectations

Full year 2020 earnings released: US$0.81 loss per share (vs US$0.28 profit in FY 2019)

New 90-day high: €16.00

Covenant Logistics Group, Inc., Annual General Meeting, May 19, 2021

Revenue misses expectations

Covenant Logistics Group, Inc. to Report Q4, 2020 Results on Jan 25, 2021

Co-President & COO recently bought €1.2m worth of stock