LORRAIN Jerome Jean-Pierre 4

What Happened

• Jerome Jean-Pierre Lorrain, Executive Chairman and Director of Forward Air Corp (FWRD), received a grant of 10,799 restricted shares on February 19, 2026. The Form 4 lists the acquisition price as $0.00 (transaction code A), i.e., an equity award rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23.
• Transaction type/code: Award/Grant (A); 10,799 shares acquired at $0.00 (reported acquisition value $0).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The award vests equally on each of the first, second and third anniversaries of the grant date, subject to the Reporting Person’s continuous employment through each vesting date.
• Filing timeliness: The Form 4 was filed four days after the transaction date; insiders generally must file within two business days, so this may represent a delayed filing.

Context

• This was a compensation-related restricted stock award, not an open-market buy or sale. Such awards are common for executives and reflect compensation/retention practices rather than an independent market endorsement. The vesting schedule means the shares will only become fully owned over the next three years if employment continues.