Thomas Schmitt - 04 Feb 2024 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Reporting relationship: President & CEO, Director
Issuer ticker: FWRD
Reported as of: 04 Feb 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 01 Apr 2024, 17:59:05 UTC
Prior SEC filing: 16 Oct 2023
Next SEC filing: 11 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Michael L. Hance, Attorney-in-Fact

Key filing fact

Thomas Schmitt filed Form 4 for FORWARD AIR CORP (FWRD) on 01 Apr 2024.

Key facts

This page summarizes Thomas Schmitt's Form 4 filing for FORWARD AIR CORP (FWRD).
7 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 01 Apr 2024, 17:59.

Change

Previous filing in this sequence was filed on 16 Oct 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FWRD transaction

Common Stock

Tax liability

Transaction value: $0
Shares: -952
Change %: -1.3%
Price: $0.000000
Shares after: 72,927
Date: 04 Feb 2024
Ownership: Direct
Footnotes: F1

FWRD transaction

Common Stock

Tax liability

Transaction value: $0
Shares: -1,096
Change %: -1.5%
Price: $0.000000
Shares after: 71,831
Date: 07 Feb 2024
Ownership: Direct
Footnotes: F2

FWRD transaction

Common Stock

Tax liability

Transaction value: $0
Shares: -897
Change %: -1.2%
Price: $0.000000
Shares after: 70,934
Date: 08 Feb 2024
Ownership: Direct
Footnotes: F3

FWRD transaction

Common Stock

Award

Transaction value: $0
Shares: +15,740
Change %: +22%
Price: $0.000000
Shares after: 86,674
Date: 09 Feb 2024
Ownership: Direct
Footnotes: F4

FWRD transaction

Common Stock

Tax liability

Transaction value: $0
Shares: -6,304
Change %: -7.3%
Price: $0.000000
Shares after: 80,370
Date: 09 Feb 2024
Ownership: Direct
Footnotes: F5

FWRD transaction

Common Stock

Award

Transaction value: $0
Shares: +5,932
Change %: +7.4%
Price: $0.000000
Shares after: 86,302
Date: 09 Feb 2024
Ownership: Direct
Footnotes: F6

FWRD transaction

Common Stock

Tax liability

Transaction value: $0
Shares: -1,770
Change %: -2.1%
Price: $0.000000
Shares after: 84,532
Date: 09 Feb 2024
Ownership: Direct
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Thomas Schmitt is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote F1

Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 4, 2024.

Footnote F2

Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 7, 2024.

Footnote F3

Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 8, 2024.

Footnote F4

Represents an award of performance shares that vests on February 9, 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.

Footnote F5

Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of performance share award on February 9, 2024.

Footnote F6

Represents an award of performance shares that vests on February 9, 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.