Schmidt Herbert J 4

What Happened Herbert J. Schmidt, a director of Covenant Logistics Group, Inc. (CVLG), was granted 4,382 restricted stock units (reported as an acquisition) on May 13, 2026. The award was recorded at $0.00 per share on the Form 4 because it is an equity grant; the grant size is equal to $140,000 divided by the closing price on the company’s 2026 annual meeting date (about $140,000 total value per the filing). This is a compensation grant (award), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-13; Form 4 filed: 2026-05-15 (appears timely).
• Transaction type/code: Award/Grant (A); price reported: $0.00 (grant).
• Shares granted: 4,382 RSUs (restricted stock units) — grant value equals $140,000 based on company note.
• Plan and terms: Granted under the Third Amended and Restated 2006 Omnibus Incentive Plan; subject to vesting, forfeiture, and termination provisions (see footnote).
• Shares owned after transaction: Not specified in the filing.

Context RSU grants to directors are routine compensation and do not represent an open‑market buy or sell. Because these units are subject to vesting and forfeiture conditions, they are not immediately liquid shares and should not be read as a direct trading signal.