Nancee L. Ronning - Feb 7, 2024 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
Chief Commercial Officer
Signature
/s/ Michael L. Hance, Attorney-in-Fact
Stock symbol
FWRD
Transactions as of
Feb 7, 2024
Transactions value $
$0
Form type
4
Date filed
3/29/2024, 06:35 PM
Previous filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Tax liability $0 -140 -4.84% $0.00 2.75K Feb 7, 2024 Direct F1
transaction FWRD Common Stock Award $0 +8.03K +292% $0.00 10.8K Mar 15, 2024 Direct F2
transaction FWRD Common Stock Award $0 +10K +90.76% $0.00 21K Mar 15, 2024 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 7, 2024.
F2 Represents an award of restricted stock. The restricted stock vests in equal installments on March 15, 2025, March 15, 2026, and March 15, 2027.
F3 Represents a retention award of restricted stock which will vest on March 15, 2026 subject to continued service through the vesting date.
F4 Includes 229.751 shares of the Issuer's common stock purchased under the Forward Air Employee Stock Purchase Plan on December 31, 2023 in an exempt transaction.