Nancee L. Ronning - 07 Feb 2024 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
Chief Commercial Officer
Signature
/s/ Michael L. Hance, Attorney-in-Fact
Issuer symbol
FWRD
Transactions as of
07 Feb 2024
Net transactions value
$0
Form type
4
Filing time
29 Mar 2024, 18:35:59 UTC
Previous filing
16 Jan 2024
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 -140 -4.8% $0.000000 2,751 07 Feb 2024 Direct F1
transaction FWRD Common Stock Award $0 +8,033 +292% $0.000000 10,784 15 Mar 2024 Direct F2
transaction FWRD Common Stock Award $0 +9,996 +91% $0.000000 21,010 15 Mar 2024 Direct F3, F4
* 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 7, 2024.
F2 Represents an award of restricted stock. The restricted stock vests in equal installments on March 15, 2025, March 15, 2026, and March 15, 2027.
F3 Represents a retention award of restricted stock which will vest on March 15, 2026 subject to continued service through the vesting date.
F4 Includes 229.751 shares of the Issuer's common stock purchased under the Forward Air Employee Stock Purchase Plan on December 31, 2023 in an exempt transaction.