Parker-Hatchett Rachel 4

What Happened Rachel Parker-Hatchett, a director of Covenant Logistics Group, received an award of 4,382 restricted stock units (RSUs) reported on a Form 4 covering a May 13, 2026 grant. The Form 4 shows an acquisition price of $0.00 (typical for RSU grants); a filing footnote explains the award equals $140,000 in annual equity compensation, converted into RSUs based on the closing share price at the company's 2026 annual meeting. The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan and is subject to vesting, forfeiture, and termination provisions.

Key Details

• Transaction date: 2026-05-13; Form 4 filed 2026-05-15.
• Reported shares acquired: 4,382 RSUs; reported acquisition price: $0.00 (cash value per footnote: $140,000 converted to shares).
• Plan/authority: Third Amended and Restated 2006 Omnibus Incentive Plan.
• Ownership note: Shares are owned jointly by Ms. Parker-Hatchett and her husband, Rob Hatchett, as joint tenants (footnote).
• Filing timeliness: Form 4 filed two days after the grant date; no late-filing flag indicated.

Context This was a compensation award (RSUs), not an open-market buy or sale. RSU grants are routine director/executive compensation and are subject to vesting and forfeiture rules, so they do not by themselves indicate an insider buying or selling shares for investment reasons.