Joey Ballard - May 31, 2022 Form 4 Insider Report for COVENANT LOGISTICS GROUP, INC. (CVLG)

Role
EVP, People and Safety
Signature
/s/ Joey Ballard, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC
Stock symbol
CVLG
Transactions as of
May 31, 2022
Transactions value $
$0
Form type
4
Date filed
6/2/2022, 04:44 PM
Previous filing
May 24, 2022
Next filing
Nov 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVLG Class A Common Stock Award $0 +5.51K +70.48% $0.00 13.3K May 31, 2022 Direct F1
holding CVLG Class A Common Stock 17K May 31, 2022 401(k) F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a restricted stock award under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The award is subject to certain vesting, forfeiture, and termination provisions.
F2 The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's May 31, 2022 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on May 31, 2022. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.