Boyles Dale W 4

What Happened
Dale W. Boyles, a director of Forward Air Corporation (FWRD), received a grant of 9,545 restricted shares on 2026-06-18. The grant price was $0.00 (no cash paid at grant). This was an award under the company’s director stock plan rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (timely filing).
• Transaction type: Award/Grant (Code A). Shares granted: 9,545; grant price: $0.00; total reported value at grant: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: Grant made under the Forward Air Corporation 2025 Non-Employee Director Stock Plan and is exempt from Section 16(b) under Rule 16b-3.
• Vesting: Fully vests on the earlier of (a) the day immediately prior to the 2027 Annual Meeting of Stockholders or (b) the first anniversary of the grant date.

Context
Restricted stock awards to directors are common compensation and do not represent an outlay by the insider or an immediate sale. Because these awards vest over time, they are generally routine and do not, by themselves, signal the insider’s short-term view of the stock. The Rule 16b-3 exemption is standard for compensatory grants to directors, protecting the transaction from short-swing profit liability.