D. MICHAEL KRAMER - 18 May 2022 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: Director
Signature: /s/ D. Michael Kramer, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol: CVLG
Transactions as of: 18 May 2022
Net transactions value: $0
Form type: 4
Filing time: 20 May 2022, 16:20:57 UTC
Previous filing: 21 May 2021
Next filing: 27 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLG	Class A Common Stock	Award	$0	+3,782	+43%	$0.000000	12,556	18 May 2022	Direct	F1
holding	CVLG	Class A Common Stock						150	18 May 2022	As UTMA custodian	F2
holding	CVLG	Class A Common Stock						150	18 May 2022	As UTMA custodian	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Share award represents annual equity compensation in the form of a grant of restricted stock equal to $75,000, divided by the closing price on the date of the Company's 2022 annual meeting of stockholders. The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, and is scheduled to vest on May 18, 2023, subject to certain vesting, forfeiture, and termination provisions.
F2	The shares are held under a Uniform Transfers to Minors Act ("UTMA") account over which Mr. Kramer is the custodian. Mr. Kramer disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.

Content

Share award represents annual equity compensation in the form of a grant of restricted stock equal to $75,000, divided by the closing price on the date of the Company's 2022 annual meeting of stockholders. The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, and is scheduled to vest on May 18, 2023, subject to certain vesting, forfeiture, and termination provisions.

The shares are held under a Uniform Transfers to Minors Act ("UTMA") account over which Mr. Kramer is the custodian. Mr. Kramer disclaims beneficial ownership of these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.