Thomas Schmitt - Feb 2, 2023 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
President & CEO, Director
Signature
/s/ Michael L. Hance, Attorney-in-Fact
Stock symbol
FWRD
Transactions as of
Feb 2, 2023
Transactions value $
$0
Form type
4
Date filed
3/20/2023, 06:56 AM
Previous filing
Feb 9, 2022
Next filing
Feb 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Tax liability $0 -1.44K -2.75% $0.00 50.8K Feb 2, 2023 Direct F1
transaction FWRD Common Stock Tax liability $0 -1.21K -2.38% $0.00 49.6K Feb 4, 2023 Direct F2
transaction FWRD Common Stock Tax liability $0 -1.36K -2.73% $0.00 48.3K Feb 8, 2023 Direct F3
transaction FWRD Common Stock Award $0 +9.25K +19.15% $0.00 57.5K Mar 15, 2023 Direct F4
transaction FWRD Common Stock Tax liability $0 -4.17K -7.25% $0.00 53.4K Mar 15, 2023 Direct F5
transaction FWRD Common Stock Award $0 +8.16K +15.29% $0.00 61.5K Mar 15, 2023 Direct F6
transaction FWRD Common Stock Tax liability $0 -3.68K -5.98% $0.00 57.8K Mar 15, 2023 Direct F5
* 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, 2023.
F2 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 4, 2023.
F3 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 8, 2023.
F4 Represents an award of performance shares that vests on March 15, 2023. The number of shares awarded was determined based on earnings before interest, taxes, depreciation and amortization per share of the Issuer as compared to pre-set earnings before interest, taxes, depreciation and amortization per share over a three-year performance period.
F5 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of performance share award on March 15, 2023.
F6 Represents an award of performance shares that vests on March 15, 2023. The number of shares awarded was determined based on the performance of the common stock of the Issuer as compared to the performance of the common stock of a selected peer group over a three-year performance period.