Marten Transport Chairman Randolph Marten's 2021 pay jumps 42% to $1.6M
Marten Transport reports 2021 executive compensation
By ExecPay News
Published: March 14, 2022
Marten Transport reported fiscal year 2021 executive compensation information on March 14, 2022.
In 2021, five executives at Marten Transport received on average a compensation package of $1M, a 36% increase compared to previous year.
Average pay of disclosed executives at Marten Transport
Randolph L. Marten, Chairman, received $1.6M in total, which increased by 42% compared to 2020. 45% of Marten's compensation, or $735K, was in salary. Marten also received $474K in bonus, $417K in stock awards, as well as $7.5K in other compensation.
For fiscal year 2021, the median employee pay was $60,317 at Marten Transport. Therefore, the ratio of Randolph L. Marten's pay to the median employee pay was 27 to one.
Timothy M. Kohl, Chief Executive Officer, received a compensation package of $1.4M, which increased by 67% compared to previous year. 45% of the compensation package, or $637K, was in salary.
James J. Hinnendael, Chief Financial Officer, earned $807K in 2021, a 53% increase compared to previous year.
John H. Turner, Executive Vice President of Sales and Marketing, received $772K in 2021, which increases by 49% compared to 2020.
Douglas P. Petit, President, earned $552K in 2021.
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Source: SEC filing on March 14, 2022.