Covenant Logistics raises base salaries and approves $4M in LTIP awards for executives

COVENANT LOGISTICS GROUP, INC.

Base salary for M. Paul Bunn increased to $700,000; for James Grant to $425,000, effective June 24, 2024.
LTIP target awards: David R. Parker $2.5M (cash), Bunn $1M (RSUs), Grant $500K (RSUs).
Awards vest 25% on 3-year cumulative adjusted EPS goal, 25% on 3-year avg ROIC, 50% on service through 2027.
Grant's bonus target raised to 70% of base salary under 2024 Executive Bonus Program.

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