D. Michael Kramer - May 17, 2023 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
Stock symbol: CVLG
Transactions as of: May 17, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/19/2023, 11:17 AM
Previous filing: May 27, 2022
Next filing: May 16, 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	+19.54%	$0.00	15K	May 17, 2023	Direct	F1
holding	CVLG	Class A Common Stock						200	May 17, 2023	As UTMA custodian	F2
holding	CVLG	Class A Common Stock						200	May 17, 2023	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 $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.
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 $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.

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.