Covenant Logistics Group Executive Compensation (FY25)
CVLG · Executive and director compensation, fiscal 2023 to 2025
The Covenant Logistics Group brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Data as of September 9, 2026Latest filing (8-K): May 15, 2026
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
141 figures on this page: 129 cited to the filing that reported them, 12 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Parker: $2,039,597 → $1,794,678 (12.0% lower)
Say-on-pay support: 99.7% → 98.2% (1.5 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Covenant Logistics Group's chief executive and what were they paid?
David Parker, CEO and Chairman of the Board, received $1,794,678 in total compensation for fiscal 2025. Parker's total moved 12.0% lower from the $2,039,597 reported for fiscal 2024.
What was Covenant Logistics Group's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 98.2% of votes cast for or against in favor at the meeting held May 13, 2026.
Which companies are in Covenant Logistics Group's peer group?
The disclosed peer group includes ArcBest Corporation, Astec Industries, Inc., Forward Air Corporation, Hub Group, Inc. and Insteel Industries, Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
M. Paul Bunn President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
David Parker CEO and Chairman of the Board | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
M. Paul Bunn President | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
David Parker CEO and Chairman of the Board | ◇ | ◇ | — | — | ◇ | — | ◇ | ◇ |
Dustin Koehl EVP and COO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Joey Ballard EVP and CPSO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
David Parker CEO and Chairman of the Board | ◇ | ◇ | — | — | ◇ | — | ◇ | ◇ |
M. Paul Bunn President | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Dustin Koehl EVP and COO | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Joey Ballard EVP and CPSO | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Joey Ballard | PSU | — | — | — | — | — | — | — |
| Joey Ballard | PSU | ◇ | — | ◇ | ◇ | ◇ | — | ◇ |
| Joey Ballard | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| M. Paul Bunn | PSU | — | — | — | — | — | — | — |
| M. Paul Bunn | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| M. Paul Bunn | PSU | ◇ | — | ◇ | ◇ | ◇ | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| David Parker | PSU | ◇ | = | — | — |
| RSU | ◇ | ◇ | — | — | |
| M. Bunn | RSU | ◇ | ◇ | — | — |
| Dustin Koehl | RSU | ◇ | = | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
W. Miller Welborn | ◇ | ◇ | — | — | — | — | ◇ |
D. Michael Kramer | ◇ | ◇ | — | — | — | — | ◇ |
Bradley A. Moline | ◇ | ◇ | — | — | — | — | ◇ |
Herbert J. Schmidt | ◇ | ◇ | — | — | — | — | ◇ |
Dr. Benjamin S. Carson | ◇ | ◇ | — | — | — | — | ◇ |
Tracy Rosser | ◇ | ◇ | — | — | — | — | ◇ |
Joey Hogan | ◇ | ◇ | — | — | — | — | ◇ |
Rachel Parker-Hatchett | ◇ | ◇ | — | — | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Total board retainer | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- ArcBest Corporation ARCB
- Astec Industries, Inc. ASTE
- Forward Air Corporation FWRD
- Hub Group, Inc. HUBG
- Insteel Industries, Inc. IIIN
- Janus International Group, Inc. JBI
- Kirby Corporation symbol not shown
- Marten Transport, Ltd. MRTN
- Miller Industries, Inc. MLR
- PAMT Corp. PAMT
- Radiant Logistics, Inc. RLGT
- Saia, Inc. SAIA
- Wabash National Corporation WNC
- Werner Enterprises, Inc. WERN
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 13, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 14, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 15, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 17, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 18, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 19, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | July 1, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 8, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 17, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 16, 2017 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Covenant Logistics Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Covenant Logistics Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
141 figures on this page: 129 cited to the filing that reported them, 12 calculated from figures it prints.
129 cited to the filing
12 calculated from the filing
Documents cited
- 0001008886-26-000133
- 0001437749-26-011971Director Compensation · Grants of Plan-Based Awards Table · Outstanding Equity Awards at Year-End Table · Summary Compensation Table
- 0001008886-25-000134
- 0001008886-24-000155
- 0001008886-23-000106
- 0001008886-22-000040
- 0001008886-21-000052
- 0001008886-20-000125
- 0001008886-19-000106Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001008886-18-000047
- 0001008886-17-000093
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Covenant Logistics Group executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CVLG (accessed 2026).
Short form: data: Velarion
The Covenant Logistics Group brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
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Peers Covenant Logistics Group discloses
The companies named in CVLG's own disclosed peer group.
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}