Werner Enterprises announced compensation updates for its named executive officers, including base salary increases and stock awards under its 2023 Long-Term Incentive Plan. Effective February 13, 2025, Chairman and CEO Derek J. Leathers will receive a base salary of $980,000, with 62,966 shares of restricted stock and 63,956 shares of performance stock. Other executives also received adjustments to their compensation packages.

Restricted stock will vest in three installments over three years, while performance stock will vest based on the company’s earnings per share growth from 2025 through 2027, with potential adjustments based on total shareholder return relative to a peer group.

The company also outlined the 2025 Annual Incentive Plan (AIP), which ties executive bonuses to operating income, revenue (excluding fuel surcharges), and individual performance. Target bonuses range from 65% to 125% of base salary, with payouts ranging from 0% to 200% based on performance.

Additionally, certain executives may receive perquisites such as company vehicles, aircraft use, country club memberships, and personal medical care programs. They are also eligible for 401(k) contributions, stock purchase plans, and other benefits.