Paul Bunn - 28 Feb 2024 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role
President, COO, and Secretary
Signature
/s/ Paul Bunn, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Issuer symbol
CVLG
Transactions as of
28 Feb 2024
Net transactions value
$0
Form type
4
Filing time
01 Mar 2024, 16:25:27 UTC
Previous filing
03 Jan 2024
Next filing
15 Apr 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVLG Employee Stock Option (Right to Buy) Award $0 +135,216 $0.000000 135,216 28 Feb 2024 Class A Common Stock 135,216 $15.77 Direct F1
transaction CVLG Employee Stock Option (Right to Buy) Award $0 +37,500 $0.000000 37,500 28 Feb 2024 Class A Common Stock 37,500 $21.24 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 11, 2020, the reporting person was granted an option to purchase 135,216 shares of Class A common stock, subject to vesting based on the issuer's satisfaction of certain performance criteria for the year ended and the three-year period ended December 31, 2023. On February 28, 2024, the Compensation Committee of the issuer certified that the performance criteria were met.
F2 On April 6, 2021, the reporting person was granted an option to purchase 37,500 shares of Class A common stock, subject to vesting based on the issuer's satisfaction of certain performance criteria for the year ended and the three-year period ended December 31, 2023. On February 28, 2024, the Compensation Committee of the issuer certified that the performance criteria were met.