Covenant Logistics Group Management
Management criteria checks 4/4
Covenant Logistics Group's CEO is David Parker, appointed in Jan 1994, has a tenure of 30.25 years. total yearly compensation is $2.12M, comprised of 35.1% salary and 64.9% bonuses, including company stock and options. directly owns 15.12% of the company’s shares, worth $89.10M. 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$2.1m
Total compensation
| CEO salary percentage | 35.1% |
| CEO tenure | 30.3yrs |
| CEO ownership | 15.1% |
| Management average tenure | 3yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
Covenant Logistics Group (NASDAQ:CVLG) Is Paying Out A Dividend Of $0.11
Feb 19
Covenant Logistics: The Business That Keeps On Delivering
Jan 28These 4 Measures Indicate That Covenant Logistics Group (NASDAQ:CVLG) Is Using Debt Extensively
Jan 25Is There Now An Opportunity In Covenant Logistics Group, Inc. (NASDAQ:CVLG)?
Oct 28Returns On Capital At Covenant Logistics Group (NASDAQ:CVLG) Have Stalled
Jul 31Covenant Logistics Group (NASDAQ:CVLG) Is Increasing Its Dividend To $0.11
Feb 21Covenant Logistics Group (NASDAQ:CVLG) Seems To Use Debt Quite Sensibly
Jan 27Covenant Logistics Non-GAAP EPS of $1.52, revenue of $311.84M
Oct 20Returns Are Gaining Momentum At Covenant Logistics Group (NASDAQ:CVLG)
Aug 30Covenant Logistics files for $200M mixed shelf offering
Aug 12Covenant Logistics Q2 2022 Earnings Preview
Jul 22Why Covenant Logistics Group, Inc. (NASDAQ:CVLG) Could Be Worth Watching
Jul 20Covenant Logistics Group: Still Cheap
Jul 02Returns At Covenant Logistics Group (NASDAQ:CVLG) Are On The Way Up
May 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | 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$55m |
Compensation vs Market: David's total compensation ($USD2.12M) is about average for companies of similar size in the US market ($USD2.37M).
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$2,116,809
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 |
|---|---|---|---|---|
| Chairman of the Board & CEO | 30.3yrs | US$2.12m | 15.12% $ 89.1m | |
| President & COO | 3yrs | US$1.44m | 0.84% $ 5.0m | |
| Executive VP & CFO | 1.9yrs | US$690.90k | 0.20% $ 1.2m | |
| Executive VP & Director | 1.3yrs | US$1.48m | 0.71% $ 4.2m | |
| Executive Vice President of Expedited Operations | 11.2yrs | US$811.76k | 0.16% $ 967.4k | |
| Executive Vice President of Dedicated & Warehousing Operations | 3.1yrs | US$774.08k | 0.15% $ 872.5k | |
| Chief Accounting Officer | less than a year | no data | 0.070% $ 409.4k | |
| Senior Vice President of Technology | no data | no data | no data | |
| Senior VP & General Counsel | 2.2yrs | no data | no data | |
| Executive Vice President of People & Safety | 1.9yrs | no data | 0.12% $ 730.0k | |
| Executive Vice President | 16.9yrs | US$420.02k | no data | |
| Senior Vice President of Dedicated Operations | 6.8yrs | no data | no data |
3.0yrs
Average Tenure
49yo
Average Age
Experienced Management: CVLG's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 39.3yrs | US$2.12m | 15.12% $ 89.1m | |
| Executive VP & Director | less than a year | US$1.48m | 0.71% $ 4.2m | |
| Independent Director | 21.3yrs | US$137.70k | 0.40% $ 2.4m | |
| Lead Independent Director | 6.9yrs | US$169.57k | 0.22% $ 1.3m | |
| Independent Director | 2.8yrs | US$139.85k | 0.073% $ 430.7k | |
| Independent Director | 10.5yrs | US$142.17k | 0.24% $ 1.4m | |
| Independent Director | 3.8yrs | US$151.66k | 0.12% $ 692.2k | |
| Director | 3.8yrs | US$133.39k | 1.18% $ 6.9m | |
| Independent Director | less than a year | no data | 0.019% $ 110.2k |
3.8yrs
Average Tenure
64yo
Average Age
Experienced Board: CVLG's board of directors are considered experienced (3.8 years average tenure).