Brandt Eric Frederick 4

What Happened

• Eric Brandt, Chief Commercial Officer of Forward Air (FWRD), was granted 8,999 restricted shares on 2026-02-19 (reporting code A, acquired at $0.00). Simultaneously, 1,057 shares were withheld by the company to satisfy tax withholding obligations (reporting code F) at $27.78 per share, totaling $29,363. The grant itself is a compensation award, not an open-market purchase.

Key Details

• Transaction dates: 2026-02-19 (period of report); Form 4 filed 2026-02-23 (appears timely).
• Grant: 8,999 shares, $0.00 per share (award/grant, code A).
• Tax withholding/disposition: 1,057 shares withheld at $27.78 per share, total $29,363 (code F).
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Award is restricted stock that vests equally on each of the first, second and third anniversaries of the grant date, subject to continuous employment.
  • F2: Withheld shares were used to satisfy minimum tax withholding obligations upon vesting/net settlement.
• Filing timeliness: Filed within the normal Form 4 reporting window for the Feb 19 transaction.

Context

• This was a compensation award with routine tax withholding (net settlement), not a purchase or sale intended as a market signal. The restricted shares vest over three years, so future vesting events could generate additional reporting.