Michael L. Hance - 02 Feb 2022 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
CLO and Secretary
Signature
/s/ Michael L. Hance
Issuer symbol
FWRD
Transactions as of
02 Feb 2022
Net transactions value
$0
Form type
4
Filing time
09 Feb 2022, 18:03:46 UTC
Previous filing
04 Nov 2021
Next filing
18 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Tax liability $0 -284 -0.73% $0.000000 38,438 02 Feb 2022 Direct F1
transaction FWRD Common Stock Tax liability $0 -474 -1.2% $0.000000 37,964 04 Feb 2022 Direct F2
transaction FWRD Common Stock Award $0 +2,470 +6.5% $0.000000 40,438 08 Feb 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 2, 2022.
F2 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 4, 2022.
F3 Represents an award of restricted stock. The restricted stock vests in equal installments on February 8, 2023, February 8, 2024 and February 8, 2025.
F4 Includes 1.8179 shares of the Issuer's common stock purchased under the Forward Air Employee Stock Purchase Plan on June 30, 2021 and 1.6494 shares of the Issuer's common stock on December 31, 2021 in an exempt transaction.