ALLEN RONALD W 4
4 · FORWARD AIR CORP · Filed May 13, 2022
Insider Transaction Report
Form 4
FORWARD AIR CORPFWRD
ALLEN RONALD W
Director
Transactions
- Award
Common Stock
2022-05-11+1,227→ 21,111 total - Award
Dividend Equivalent Rights
2022-05-11+13.293→ 129.826 totalExercise: $0.00→ Common Stock (13.293 underlying)
Footnotes (2)
- [F1]Represents restricted stock units awarded under the Forward Air Corporation Non-Employee Director Plan in a transaction exempt from Section 16(b) under Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of Common Stock. The restricted stock units fully vest on the earlier of (a) the day immediately prior to the first Annual Meeting that occurs after the grant date or (b) the first anniversary of the grant date. Common Stock will not be issued to the reporting person until his service to the Issuer as a director terminates, and then only to the extent that the foregoing vesting requirements have been met.
- [F2]The dividend equivalent rights accrued on restricted stock units previously granted under the Forward Air Corporation Non-Employee Director Plans and are fully vested. Each dividend equivalent right is the economic equivalent of one share of Forward Air Corporation common stock.