Faught James R. 4

What Happened James R. Faught, Chief Accounting Officer of Forward Air (FWRD), was granted 2,340 restricted shares on February 19, 2026 (transaction code A). Those shares were reported at $0.00 per share as an award. Concurrently, 362 shares were withheld by the issuer to cover tax withholding obligations at an effective price of $27.78 per share (transaction code F), equal to approximately $10,056.

Key Details

• Transaction date: 2026-02-19; filing date: 2026-02-23 (filed within the standard Form 4 window).
• Grant: 2,340 restricted shares (reported acquisition at $0.00 per share; code A).
• Withholding: 362 shares withheld to satisfy tax obligations at $27.78/share → ~$10,056 (code F).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — the restricted stock vests equally on the first, second and third anniversaries of the grant, subject to continuous employment. F2 — shares were withheld by the issuer to satisfy minimum tax withholding on vesting/net settlement.
• This was an equity award and a company tax-withholding action, not an open-market purchase or discretionary sale.

Context Restricted stock grants are a common form of compensation and typically vest over time; the reported withholding is a routine net-settlement to cover taxes and reduces the net shares the insider receives. Awards do not necessarily signal the insider’s near-term view of the stock and are often part of standard compensation.