Gorjanc Christine Marie 4

What Happened Christine Gorjanc, a director of Forward Air Corporation (FWRD), received an award of 9,545 restricted common shares on June 18, 2026. The grant is reported at $0.00 per share (no cash paid at grant); total immediate cash value is shown as $0. This was an award/grant transaction (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-18; Form 4 filed 2026-06-22 (filing appears timely under the 2-business-day rule).
• Description: 9,545 restricted shares awarded at $0.00 per share (total $0 reported).
• Plan/footnote: Award made under the Forward Air Corporation 2025 Non-Employee Director Stock Plan; exempt from Section 16(b) under Rule 16b-3.
• Vesting: Shares fully vest on the earlier of (a) the day before Forward Air’s 2027 Annual Meeting of Stockholders or (b) the first anniversary of the grant date.
• Shares owned after the transaction: Not specified in the provided filing details.

Context Restricted stock grants to non-employee directors are a common form of compensation and are typically subject to vesting and transfer restrictions until vested. Such awards do not represent a market purchase (which some investors view as a direct bullish signal) nor a sale; they reflect routine director compensation rather than an immediate disclosure of trading intent.