PARKER DAVID RAY 4

4 · COVENANT LOGISTICS GROUP, INC. · Filed Feb 29, 2024

Form 4

Period: 2024-02-27

DirectorChairman and CEO10% Owner

Transactions

Award
Employee Stock Option (Right to Buy)
2024-02-28+300,000→ 300,000 total
Exercise: $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

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

1 file