Craig Carlock - Oct 15, 2024 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role: Director
Signature: /s/ Michael L. Hance, Attorney-in-Fact
Stock symbol: FWRD
Transactions as of: Oct 15, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/17/2024, 02:39 PM
Previous filing: Aug 18, 2023

This filing has been restated, see here for the amended filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FWRD	Common Stock	Award	$0	+6.96K	+42.07%	$0.00	23.5K	Oct 15, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	(1) Represents an award of common stock in settlement of the Annual Compensation Award (the "Agreement") granted as of June 4, 2024. The Board of Directors (the "Board") determined to (i) accelerate the vesting of the award in connection with Mr. Carlock's resignation from the Board and (ii) settle the award in common stock instead of cash pursuant to the terms of the Agreement. Such shares were issued under the Forward Air Corporation Amended and Restated Non-Employee Director Stock Plan in a transaction exempt from Section 16(b) under Rule 16b-3.

Content

(1) Represents an award of common stock in settlement of the Annual Compensation Award (the "Agreement") granted as of June 4, 2024. The Board of Directors (the "Board") determined to (i) accelerate the vesting of the award in connection with Mr. Carlock's resignation from the Board and (ii) settle the award in common stock instead of cash pursuant to the terms of the Agreement. Such shares were issued under the Forward Air Corporation Amended and Restated Non-Employee Director Stock Plan in a transaction exempt from Section 16(b) under Rule 16b-3.