Wesley Miller Welborn - May 17, 2023 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role: Director
Signature: /s/ Wesley Miller Welborn, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol: CVLG
Transactions as of: May 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/19/2023, 11:15 AM
Previous filing: May 4, 2023
Next filing: Feb 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVLG	Class A Common Stock	Award	$0	+2.45K	+9.12%	$0.00	29.4K	May 17, 2023	Direct	F1

* 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 $95,000, divided by the closing price on the date of the Company's 2023 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 17, 2024, subject to certain vesting, forfeiture, and termination provisions.

Content

Share award represents annual equity compensation in the form of a grant of restricted stock equal to $95,000, divided by the closing price on the date of the Company's 2023 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 17, 2024, subject to certain vesting, forfeiture, and termination provisions.