Paul Bunn - 11 Apr 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
11 Apr 2024
Net transactions value
$0
Form type
4
Filing time
15 Apr 2024, 17:08:52 UTC
Previous filing
01 Mar 2024
Next filing
25 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLG Class A Common Stock Disposed to Issuer $0 -12,028 -12% $0.000000 87,629 11 Apr 2024 Direct F1
holding CVLG Class A Common Stock 2,515 11 Apr 2024 By Spouse
holding CVLG Class A Common Stock 20,615 11 Apr 2024 401(k) F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the forfeiture of restricted stock originally granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, due to the issuer not achieving the established performance targets, as certified by the issuer's compensation committee on the transaction date.
F2 The number of shares beneficially owned following the reported transaction is equal to the reporting person's April 11, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on April 11, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.