SCHMITT THOMAS 4
4 · FORWARD AIR CORP · Filed Mar 20, 2023
Insider Transaction Report
Form 4
FORWARD AIR CORPFWRD
SCHMITT THOMAS
President & CEO
Transactions
- Award
Common Stock
2023-03-15+9,246→ 57,520 total - Award
Common Stock
2023-03-15+8,159→ 61,509 total - Tax Payment
Common Stock
2023-02-04−1,211→ 49,630 total - Tax Payment
Common Stock
2023-03-15−4,170→ 53,350 total - Tax Payment
Common Stock
2023-02-02−1,440→ 50,841 total - Tax Payment
Common Stock
2023-02-08−1,356→ 48,274 total - Tax Payment
Common Stock
2023-03-15−3,680→ 57,829 total
Footnotes (6)
- [F1]Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 2, 2023.
- [F2]Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 4, 2023.
- [F3]Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of restricted stock on February 8, 2023.
- [F4]Represents an award of performance shares that vests on March 15, 2023. The number of shares awarded was determined based on earnings before interest, taxes, depreciation and amortization per share of the Issuer as compared to pre-set earnings before interest, taxes, depreciation and amortization per share over a three-year performance period.
- [F5]Shares withheld by Issuer to satisfy minimum tax withholding obligation upon vesting of performance share award on March 15, 2023.
- [F6]Represents an award of performance shares that vests on March 15, 2023. The number of shares awarded was determined based on the performance of the common stock of the Issuer as compared to the performance of the common stock of a selected peer group over a three-year performance period.