Form 4: J.B. Hunt EVP/CIO Reports Stock Holdings and Grants
Insider Ownership Disclosure
J.B. Hunt's Executive Vice President and Chief Information Officer, Scott Stuart Lockard, filed a Form 4 detailing his beneficial ownership of common stock and recent restricted stock grants.
Summary
- Scott Stuart Lockard, Executive Vice President and Chief Information Officer of J.B. Hunt Transport Services Inc. (JBHT), reported his beneficial ownership of company securities.
- He directly owns 45,418.43 shares of J.B. Hunt common stock.
- On January 22, 2026, Mr. Lockard received two new grants of restricted stock: 4,110 shares with a vesting date of January 31, 2027, and 6,164 shares with a vesting date of March 31, 2029.
- His total reported derivative securities (restricted stock) holdings amount to 38,075 shares, with various vesting and expiration dates ranging from 2023 to 2029.
- A Power of Attorney, executed on July 23, 2025, authorizes specific individuals to prepare and file SEC Forms 3, 4, and 5 on Mr. Lockard's behalf.
Sentiment
Score: 5
Explanation: This Form 4 is a routine disclosure of an executive's beneficial ownership and recent restricted stock grants, which is a standard component of executive compensation. It does not contain information that would typically be interpreted as significantly positive or negative beyond the general alignment of interests.
Positives
- The new restricted stock grants increase the executive's equity stake, aligning his interests more closely with long-term shareholder value.
- The grants serve as a retention mechanism for a key executive, demonstrating the company's commitment to its leadership.
Future Outlook
The vesting schedules of the restricted stock grants indicate a long-term commitment and future alignment of the executive's interests with the company's performance over several years.
Industry Context
Executive compensation through restricted stock grants is a common practice across the transportation and logistics industry, utilized by companies like J.B. Hunt to incentivize long-term performance, retain key talent, and align management interests with shareholder value creation.
Comparison to Industry Standards
- The use of restricted stock as a component of executive compensation is a standard practice in the transportation sector, comparable to compensation structures at companies such as FedEx, UPS, and Old Dominion Freight Line.
- The multi-year vesting schedules for these grants are typical for equity-based compensation, designed to foster long-term commitment and performance alignment, consistent with global benchmarks for executive incentive programs.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Authorization | Scott Stuart Lockard executed a Power of Attorney authorizing specific individuals (John Kuhlow, Juli Dorrough, Whitney Elliott, and Danielle Thomas) to prepare and file Forms 3, 4, and 5 with the SEC on his behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 07/23/2025 | Enhances efficiency and ensures timely compliance with SEC reporting requirements for insider transactions, reflecting sound corporate governance practices. |
Stakeholder Impact
- Shareholders: The grants of restricted stock to a key executive enhance alignment between management's long-term interests and shareholder value creation.
- Employees: No direct impact on general employees is indicated by this filing.
Next Steps
- Continued vesting of restricted stock grants according to their respective schedules, with the earliest new grant vesting on January 31, 2027, and the latest on March 31, 2029.
Key Dates
| Date | Description |
|---|---|
| 01/31/2023 | Vesting date for 1,684 restricted shares |
| 07/23/2025 | Execution date of Power of Attorney |
| 01/22/2026 | Transaction date for new restricted stock grants (4,110 and 6,164 shares) |
| 01/26/2026 | Signature date of the Form 4 filing |
| 03/02/2026 | Expiration date for 1,684 restricted shares |
| 03/31/2026 | Vesting date for 2,570 restricted shares |
| 04/15/2026 | Expiration date for 2,570 restricted shares |
| 01/31/2027 | Vesting date for 4,110 restricted shares |
| 03/02/2027 | Expiration date for 3,855 restricted shares |
| 03/31/2027 | Vesting date for 2,357 restricted shares |
| 04/15/2027 | Expiration date for 2,357 restricted shares |
| 03/02/2028 | Expiration date for 5,303 and 4,933 restricted shares |
| 03/31/2028 | Vesting date for 7,399 restricted shares |
| 04/15/2028 | Expiration date for 7,399 restricted shares |
| 03/02/2029 | Expiration date for 4,110 restricted shares |
| 03/31/2029 | Vesting date for 6,164 restricted shares |
| 04/15/2029 | Expiration date for 6,164 restricted shares |
Keywords
J.B. Hunt Transport Services, JBHT, Scott Stuart Lockard, Form 4, Insider Ownership, Restricted Stock, Executive Compensation, EVP/CIO, Transportation, Logistics
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