JOSEPH MICHAEL TOMASELLO - 15 Mar 2024 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
Chief Information Officer
Signature
/s/ Michael L. Hance, Attorney-in-Fact
Issuer symbol
FWRD
Transactions as of
15 Mar 2024
Net transactions value
$0
Form type
4
Filing time
01 Apr 2024, 17:47:30 UTC
Previous filing
29 Mar 2024
Next filing
11 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Award $0 +1,506 +6.2% $0.000000 25,931 15 Mar 2024 Direct F1
transaction FWRD Common Stock Tax liability $0 -449 -1.7% $0.000000 25,482 15 Mar 2024 Direct F2
transaction FWRD Common Stock Award $0 +567 +2.2% $0.000000 26,049 15 Mar 2024 Direct F3
transaction FWRD Common Stock Tax liability $0 -168 -0.64% $0.000000 25,881 15 Mar 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of performance shares that vests on March 15, 2024. 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.
F2 Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of performance share award on March 15, 2024.
F3 Represents an award of performance shares that vests on March 15, 2024. 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.