4//SEC Filing
PARKER DAVID RAY 4
Accession 0001008886-24-000063
CIK 0000928658other
Filed
Feb 28, 7:00 PM ET
Accepted
Feb 29, 5:39 PM ET
Size
13.1 KB
Accession
0001008886-24-000063
Insider Transaction Report
Form 4
PARKER DAVID RAY
DirectorCHAIRMAN, PRESIDENT AND CEO10% Owner
Transactions
- Award
Employee Stock Option (Right to Buy)
2024-02-28+300,000→ 300,000 totalExercise: $21.24From: 2024-02-28Exp: 2031-04-06→ Class A Common Stock (300,000 underlying) - Sale
Class A Common Stock
2024-02-27$51.85/sh−1,812$93,946→ 174,537 total - Sale
Class A Common Stock
2024-02-27$51.01/sh−20,188$1,029,760→ 176,349 total
Holdings
- 1,192,071
Class A Common Stock
- 2,350,000
Class B Common Stock
- 37,855(indirect: By 401(k))
Class A Common Stock
PARKER JACQUELINE F
10% Owner
Transactions
- Sale
Class A Common Stock
2024-02-27$51.01/sh−20,188$1,029,760→ 176,349 total - Sale
Class A Common Stock
2024-02-27$51.85/sh−1,812$93,946→ 174,537 total - Award
Employee Stock Option (Right to Buy)
2024-02-28+300,000→ 300,000 totalExercise: $21.24From: 2024-02-28Exp: 2031-04-06→ Class A Common Stock (300,000 underlying)
Holdings
- 1,192,071
Class A Common Stock
- 2,350,000
Class B Common Stock
- 37,855(indirect: By 401(k))
Class A Common Stock
Footnotes (5)
- [F1]The price reflects a weighted average sale price for multiple transactions ranging from $50.74 to $51.60, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
- [F2]The price reflects a weighted average sale price for multiple transactions ranging from $51.80 to $52.005, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price.
- [F3]Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship.
- [F4]The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 27, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 27, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
- [F5]On April 6, 2021, Mr. Parker was granted an option to purchase 300,000 shares of Class A common stock, subject to vesting based on the issuer's satisfaction of certain performance criteria for the year ended and the three-year period ended December 31, 2023. On February 28, 2024, the Compensation Committee of the issuer certified that the performance criteria were met.
Documents
Issuer
COVENANT LOGISTICS GROUP, INC.
CIK 0000928658
Entity typeother
Related Parties
1- filerCIK 0001220829
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Feb 29, 5:39 PM ET
- Size
- 13.1 KB