Forward Air Management
Management criteria checks 0/4
Forward Air's CEO is Shawn Stewart, appointed in Apr 2024, has a tenure of 1.67 years. total yearly compensation is $4.56M, comprised of 12.9% salary and 87.1% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth $2.26M. The average tenure of the management team and the board of directors is 0.9 years and 1.5 years respectively.
Key information
Shawn Stewart
Chief executive officer
US$4.6m
Total compensation
| CEO salary percentage | 12.89% |
| CEO tenure | 1.7yrs |
| CEO ownership | 0.3% |
| Management average tenure | less than a year |
| Board average tenure | 1.5yrs |
Recent management updates
Recent updates
Revenues Tell The Story For Forward Air Corporation (NASDAQ:FWRD) As Its Stock Soars 29%
Dec 02
These 4 Measures Indicate That Forward Air (NASDAQ:FWRD) Is Using Debt In A Risky Way
Nov 10It's Down 26% But Forward Air Corporation (NASDAQ:FWRD) Could Be Riskier Than It Looks
Oct 14Forward Air (NASDAQ:FWRD) Will Be Hoping To Turn Its Returns On Capital Around
Aug 22Here's Why Forward Air (NASDAQ:FWRD) Is Weighed Down By Its Debt Load
Jul 24The Market Lifts Forward Air Corporation (NASDAQ:FWRD) Shares 34% But It Can Do More
Jun 20From Setback To Strength: Forward Air's Bumpy Road To Recovery
Jun 13
Technology And Integration Will Drive Global Logistics Expansion
Integration of diverse logistics services, global expansion, and strategic cross-selling position Forward Air for substantial long-term growth.Forward Air: Still Not Ready To Move Forward
Mar 23Forward Air (NASDAQ:FWRD) Could Be Struggling To Allocate Capital
Feb 03Forward Air (NASDAQ:FWRD) Use Of Debt Could Be Considered Risky
Jan 01Forward Air: Issues Remain And Valuation Is Stretched (Rating Downgrade)
Dec 17Not Many Are Piling Into Forward Air Corporation (NASDAQ:FWRD) Just Yet
Dec 06Forward Air (NASDAQ:FWRD) Could Be Struggling To Allocate Capital
Oct 02Forward Air: Making Some Progress After A Considerable Mess
Oct 01Forward Air Corporation (NASDAQ:FWRD) Stock Rockets 27% But Many Are Still Ignoring The Company
Aug 27Forward Air: Freight Recession And Omni Drama Do Not Make The Stock Appealing
Jul 21Forward Air: A Show-Me Story That Could Unveil Upside Potential (Rating Upgrade)
May 06Forward Air And Its Real Value
Feb 11Forward Air: Understated Downside Risk As The Deal Is Set To Close
Jan 24We Think Forward Air (NASDAQ:FWRD) Can Stay On Top Of Its Debt
Sep 11Forward Air (NASDAQ:FWRD) Is Paying Out A Dividend Of $0.24
Aug 12At US$112, Is Forward Air Corporation (NASDAQ:FWRD) Worth Looking At Closely?
Aug 04Is Now The Time To Put Forward Air (NASDAQ:FWRD) On Your Watchlist?
Jun 25These 4 Measures Indicate That Forward Air (NASDAQ:FWRD) Is Using Debt Safely
Jun 13Forward Air (NASDAQ:FWRD) Could Become A Multi-Bagger
Jun 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | -US$116m |
| Jun 30 2025 | n/a | n/a | -US$172m |
| Mar 31 2025 | n/a | n/a | -US$788m |
| Dec 31 2024 | US$5m | US$588k | -US$811m |
Compensation vs Market: Shawn's total compensation ($USD4.56M) is above average for companies of similar size in the US market ($USD3.48M).
Compensation vs Earnings: Insufficient data to compare Shawn's compensation with company performance.
CEO
Shawn Stewart (51 yo)
Mr. Shawn Stewart is President, CEO & Director of Forward Air Corporation from July 2025. He was CEO & Director of Forward Air Corporation from April 28, 2024 to July 2025 Mr. Shawn Stewart is Chief Execut...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.2yrs | US$139.74k | 0.036% $ 286.5k | |
| President | 1.7yrs | US$4.56m | 0.29% $ 2.3m | |
| Chief Financial Officer | 1.6yrs | US$1.71m | 0.014% $ 113.4k | |
| Chief Legal Officer & Secretary | 17.9yrs | US$2.00m | 0.25% $ 2.0m | |
| Executive Vice President of Operations | less than a year | no data | 0.068% $ 534.1k | |
| Interim Chief Information Officer | less than a year | no data | no data | |
| Chief People Officer | 1yr | no data | no data | |
| Chief Commercial Officer | less than a year | no data | 0.026% $ 202.3k | |
| Executive VP and Chief Supply Chain Solutions & Customer Experience Officer | less than a year | no data | 0.019% $ 153.3k |
Experienced Management: FWRD's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 1.2yrs | US$139.74k | 0.036% $ 286.5k | |
| President | 1.7yrs | US$4.56m | 0.29% $ 2.3m | |
| Independent Director | 1.9yrs | US$209.40k | 0.044% $ 348.9k | |
| Independent Director | 1.5yrs | US$164.04k | 0.043% $ 337.6k | |
| Independent Director | 1.5yrs | US$164.04k | 0.043% $ 337.6k | |
| Lead Independent Director | less than a year | no data | 0.021% $ 162.1k | |
| Independent Director | 1.9yrs | US$209.40k | no data |
Experienced Board: FWRD's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/04 08:59 |
| End of Day Share Price | 2025/12/03 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Forward Air Corporation is covered by 18 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Garrett Holland | Baird |
| Christopher Kuhn | Benchmark Company |
| Kenneth Hoexter | BofA Global Research |