Rebecca J. Garbrick - Nov 16, 2022 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
CFO
Signature
/s/ Michael L. Hance, Attorney-in-Fact
Stock symbol
FWRD
Transactions as of
Nov 16, 2022
Transactions value $
$0
Form type
4
Date filed
2/9/2023, 08:28 PM
Previous filing
Feb 9, 2022
Next filing
Mar 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Disposed to Issuer $0 -81 -2.29% $0.00 3.45K Nov 16, 2022 Direct F1
transaction FWRD Common Stock Award $0 +2.17K +62.73% $0.00 5.62K Feb 7, 2023 Direct F2

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 FWRD Stock Option (Right to Buy) Award $0 +3.36K $0.00 3.36K Feb 7, 2023 Common Stock 3.36K $115.42 Direct F3
* 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 November 16, 2022.
F2 Represents an award of restricted stock. The restricted stock vests in equal installments on February 7, 2024, February 7, 2025, and February 7, 2026.
F3 These options vest in equal installments on February 7, 2024, February 7, 2025 and February 7, 2026.