OSBORNE TIMOTHY R 4

What Happened
Timothy R. Osborne, Executive Vice President of Operations at Forward Air (FWRD), had 111 restricted shares withheld by the company to satisfy tax withholding obligations upon vesting. The shares were valued at $30.23 each, totaling roughly $3,356. The filing records this as a disposition (transaction code F for tax withholding), not an open‑market sale.

Key Details

• Transaction date: 2026-02-09; filing date: 2026-02-11 (filed two days after the transaction).
• Shares withheld/disposed: 111 shares at $30.23 per share; total ≈ $3,356.
• Post-transaction holdings: Not disclosed in the provided excerpt.
• Footnote: F1 — shares were withheld by the issuer to satisfy minimum tax withholding obligations upon the vesting and net settlement of restricted stock.
• Transaction type: Tax withholding (routine intrafirm disposition), not a market sale or purchase.

Context
This was a routine tax-withholding event tied to the vesting/net settlement of restricted stock (a common "net settlement" or cashless arrangement) and generally does not signal a managerial view on the company’s near-term prospects. For retail investors, purchases are typically more informative than withholding-driven dispositions; this filing simply documents payroll/tax mechanics rather than an intent to trade.