CARSON BENJAMIN SR 4
4 · COVENANT LOGISTICS GROUP, INC. · Filed May 15, 2026
Research Summary
AI-generated summary of this filing
Covenant Logistics (CVLG) Director Carson Benjamin Sr Receives Award
What Happened
Carson Benjamin Sr, a director of Covenant Logistics Group, was granted 4,382 restricted stock units (RSUs) on 2026-05-13. The Form 4 records the acquisition at $0.00 per share (grant), and the award is described in the filing as an annual equity award with an aggregate value of $140,000.
Key Details
- Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (timely within the typical two-business-day Section 16 reporting window).
- Transaction type/code: Grant / A (award). Reported share count: 4,382 RSUs; reported price: $0.00.
- Stated value: Award equals $140,000 (calculated as $140,000 divided by the closing price on the date of the company’s 2026 annual meeting).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Award made under the Third Amended and Restated 2006 Omnibus Incentive Plan and is subject to vesting, forfeiture, and termination provisions.
Context
This was an equity grant (RSUs), not an open-market purchase or sale. RSU grants are compensation and typically vest over time; they do not by themselves indicate buying or selling activity. The Form 4 shows the grant value mechanically as $0.00 per share because it records a non-cash award, while the footnote provides the award’s dollar value ($140,000).
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-05-13+4,382→ 32,174 total
Footnotes (1)
- [F1]Share award represents annual equity compensation in the form of a grant of restricted stock units equal to $140,000, divided by the closing price on the date of the Company's 2026 annual meeting of stockholders. The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, and subject to certain vesting, forfeiture, and termination provisions.