Chris C. Ruble - Feb 7, 2023 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
Chief Operating Officer
Signature
/s/ Michael L. Hance, Attorney-in-Fact
Stock symbol
FWRD
Transactions as of
Feb 7, 2023
Transactions value $
$542,705
Form type
4
Date filed
2/9/2023, 08:32 PM
Previous filing
Mar 20, 2023
Next filing
Aug 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Award $0 +3.03K +12.98% $0.00 26.4K Feb 7, 2023 Direct F1, 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 $543K +4.7K $115.42 4.7K Feb 7, 2023 Common Stock 4.7K $115.42 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock. The restricted stock vests in equal installments on February 7, 2024, February 7, 2025, and February 7, 2026.
F2 Includes 15.707312 shares of the Issuer's common stock purchased under the Forward Air Employee Stock Purchase Plan on June 30, 2022 and 15.81220 shares of the Issuer's common stock on December 31, 2022 in an exempt transaction.
F3 These options vest in equal installments on February 7, 2024, February 7, 2025 and February 7, 2026.