Hub Group Grants Incoming CFO $1.3M Stock Award
Hub Group has announced a one-time restricted stock unit (RSU) award valued at $1.3 million for Patrick O'Donnell, who is set to become the company's new chief financial officer. The transportation and logistics firm also disclosed that he will receive an annual base salary of $650,000 upon assuming his role after Hub Group files its 2025 fiscal year 10-K report. O'Donnell joined Hub from TreeHouse Foods as CFO-elect and special adviser. His appointment follows a period of financial restatements due to an accounting error that resulted in the understatement of $77 million in transportation costs for part of 2025, which has delayed the company's annual report filing. The compensation package also includes an expected long-term incentive award with a target value of approximately $1 million. Additionally, interim CFO Todd Heeter’s consulting agreement was extended and his monthly fee increased to support ongoing financial restatement efforts.
Topics: CFO appointment compensation package SEC filing stock award