Thomas Schmitt - 02 Feb 2023 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
President & CEO, Director
Signature
/s/ Michael L. Hance, Attorney-in-Fact
Issuer symbol
FWRD
Transactions as of
02 Feb 2023
Net transactions value
$0
Form type
4
Filing time
20 Mar 2023, 06:56:15 UTC
Previous filing
09 Feb 2022
Next filing
09 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Tax liability $0 -1,440 -2.8% $0.000000 50,841 02 Feb 2023 Direct F1
transaction FWRD Common Stock Tax liability $0 -1,211 -2.4% $0.000000 49,630 04 Feb 2023 Direct F2
transaction FWRD Common Stock Tax liability $0 -1,356 -2.7% $0.000000 48,274 08 Feb 2023 Direct F3
transaction FWRD Common Stock Award $0 +9,246 +19% $0.000000 57,520 15 Mar 2023 Direct F4
transaction FWRD Common Stock Tax liability $0 -4,170 -7.2% $0.000000 53,350 15 Mar 2023 Direct F5
transaction FWRD Common Stock Award $0 +8,159 +15% $0.000000 61,509 15 Mar 2023 Direct F6
transaction FWRD Common Stock Tax liability $0 -3,680 -6% $0.000000 57,829 15 Mar 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 2, 2023.
F2 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 4, 2023.
F3 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 8, 2023.
F4 Represents an award of performance shares that vests on March 15, 2023. The number of shares awarded was determined based on earnings before interest, taxes, depreciation and amortization per share of the Issuer as compared to pre-set earnings before interest, taxes, depreciation and amortization per share over a three-year performance period.
F5 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of performance share award on March 15, 2023.
F6 Represents an award of performance shares that vests on March 15, 2023. The number of shares awarded was determined based on the performance of the common stock of the Issuer as compared to the performance of the common stock of a selected peer group over a three-year performance period.