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.