Grant James S III 4

What Happened
James S. Grant III, EVP and Chief Financial Officer of Covenant Logistics Group, reported a disposition to the issuer on 2026-03-06 of 5,516 shares at $0.00 (total $0). The Form 4 shows these shares were forfeited — not sold on the open market — because established performance targets were not achieved, as certified by the company’s compensation committee.

Key Details

• Transaction date: 2026-03-06; Form filed: 2026-03-10 (timely filed within required period).
• Transaction type/code: Disposition to issuer (D) — represents forfeiture of restricted stock.
• Shares affected: 5,516 restricted shares; per-report value: $0.00.
• Footnote: Forfeiture occurred under the Third Amended and Restated 2006 Omnibus Incentive Plan after company performance targets were not met and were certified by the compensation committee.
• Shares owned after transaction: not stated in the provided filing excerpt.

Context
This is an administrative forfeiture of award shares tied to performance goals, not an open-market sale or purchase. For retail investors, forfeitures typically reflect incentive-plan outcomes rather than insider sentiment about the stock; purchases are generally more indicative of bullish insider convictions.