How Swenson was paid
$181,879 in total for 2026, 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 | Total |
|---|---|---|---|---|
| Nick SwensonPresident, Chief Executive Officer and Chairman of the Board | $50,000 | — | $131,879 | $181,879 |
| Tracy KennedyChief Financial Officer | $282,335 | $98,000 | $65,939 | $446,274 |
What changed and why
- $182K2026 CEO total compensation was $181,879, compared with $50,000 in 2025.
- $132K$131,879 in CEO option awards drove the increase from the prior year.
- $446K2026 CFO total compensation was $446,274, including a $98,000 bonus and $65,939 in option awards.
- $282K$282,335 was the CFO’s 2026 salary, compared with $117,346 in 2025.
- $84.7M$84,651,000 was reported as 2026 net income, versus a $5,411,000 net loss in 2025.
- $50,000The CEO’s employment agreement provides a $50,000 annual salary and no severance upon company termination.
Other Air T proxy statements
- 2025 proxy statement
Nick Swenson paid $50,000 (flat on the year).
Filed Jul 03, 2025
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.