Form 4 for FWRD FORWARD AIR CORP

Accepted 2022-05-13 00:00:00 ET · period of report 2022-05-11 · accession 0001628280-22-014216 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-05-13	2022-05-11	FWRD	ALLEN RONALD W	Dir	A - Grant	$0.00	+1,227	21.1K	+6%	$0
D	2022-05-13	2022-05-11	FWRD	ALLEN RONALD W	Dir	A - Grant	$0.00	+13.29	129.83	+11%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-05-11	A	A	1,227	$0.00	21,111	D	—	—	(F1) Represents restricted stock units awarded under the Forward Air Corporation Non-Employee Director Plan in a transaction exempt from Section 16(b) under Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of Common Stock. The restricted stock units fully vest on the earlier of (a) the day immediately prior to the first Annual Meeting that occurs after the grant date or (b) the first anniversary of the grant date. Common Stock will not be issued to the reporting person until his service to the Issuer as a director terminates, and then only to the extent that the foregoing vesting requirements have been met.
2	Derivative	Dividend Equivalent Rights	2022-05-11	A	A	13.29	$0.00	129.83	D	$0.00 · — to —	13.29 Common Stock	(F2) The dividend equivalent rights accrued on restricted stock units previously granted under the Forward Air Corporation Non-Employee Director Plans and are fully vested. Each dividend equivalent right is the economic equivalent of one share of Forward Air Corporation common stock.