Thomas Schmitt - 04 Feb 2024 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
04 Feb 2024
Transactions value $
$0
Form type
4
Filing time
01 Apr 2024, 17:59:05 UTC
Previous filing
16 Oct 2023
Next filing
11 Mar 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 -952 -1.29% $0 72,927 04 Feb 2024 Direct F1
transaction FWRD Common Stock Tax liability $0 -1,096 -1.5% $0 71,831 07 Feb 2024 Direct F2
transaction FWRD Common Stock Tax liability $0 -897 -1.25% $0 70,934 08 Feb 2024 Direct F3
transaction FWRD Common Stock Award $0 +15,740 +22.19% $0 86,674 09 Feb 2024 Direct F4
transaction FWRD Common Stock Tax liability $0 -6,304 -7.27% $0 80,370 09 Feb 2024 Direct F5
transaction FWRD Common Stock Award $0 +5,932 +7.38% $0 86,302 09 Feb 2024 Direct F6
transaction FWRD Common Stock Tax liability $0 -1,770 -2.05% $0 84,532 09 Feb 2024 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Thomas Schmitt is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 4, 2024.
F2 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 7, 2024.
F3 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 8, 2024.
F4 Represents an award of performance shares that vests on February 9, 2024. 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 February 9, 2024.
F6 Represents an award of performance shares that vests on February 9, 2024. 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.