How Swenson was paid
$50,000 in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Options | Other | Total |
|---|---|---|---|---|---|
| Nick SwensonPresident, Chief Executive Officer and Chairman of the Board | $50,000 | — | — | — | $50,000 |
| Brian OchockiChief Financial Officer | $120,000 | $265,000 | — | $25,000 | $410,000 |
| Tracy KennedyChief Financial Officer | $117,346 | $6,375 | $56,668 | — | $123,721 |
What changed and why
- $50,000$50,000 CEO salary and total compensation were unchanged from 2024.
- $265K$265,000 bonus and $25,000 other compensation were paid to Brian Ochocki in 2025.
- $56,668$56,668 in option awards were reported for Tracy Kennedy, while her total was $123,721.
- $267K$266,861 was average 2025 total compensation for non-PEO named executives, versus $260,000 in 2024.
- $50,000$(431,907) was CEO compensation actually paid, compared with $50,000 in Summary Compensation Table total.
- $5.4M$5,411,000 was the 2025 net loss, while the cumulative TSR investment value was $76.13.
Other Air T proxy statements
- 2026 proxy statement
Nick Swenson paid $181,879 (+264% on the year).
Filed Jul 10, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.