How was Joey B. Hogan’s 4,382-share award at Covenant Logistics (CVLG) valued?

The award was based on $140,000 of annual equity compensation, divided by the closing share price on the date of Covenant Logistics’ 2026 annual shareholder meeting. This formula determines how many restricted stock units he received for that compensation value.

Is Joey B. Hogan’s Covenant Logistics (CVLG) share award an open-market transaction?

No, the filing shows a grant coded as an award acquisition, not a market trade. The 4,382 Class A Common shares are compensation under an incentive plan, subject to vesting, forfeiture, and termination provisions rather than immediate cash purchase or sale.

Covenant Logistics director receives stock award

HOGAN JOEY B reported acquisition or exercise transactions in this Form 4 filing.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

HOGAN JOEY B reported acquisition or exercise transactions in this Form 4 filing.

Covenant Logistics Group director Joey B. Hogan reported an equity award of Class A Common Stock. He received a grant of 4,382 shares at a stated price of $0.00 per share as compensation, described as annual equity compensation based on a $140,000 value divided by the closing price on the date of the company’s 2026 annual meeting.

The award was granted under the Third Amended and Restated 2006 Omnibus Incentive Plan and is subject to vesting, forfeiture, and termination provisions. Following these entries, one reported holding line shows 104,094 shares held directly, and another shows 8,720 shares held directly, including shares owned jointly with his wife as joint tenants.

Insider Trade Summary

Grant/Award: 4,382 shares

Grant/Award 2 txns

Insider HOGAN JOEY B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	4,382	$0.00	$0.00
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 112,814 shares (Direct)

Footnotes (2)

F1. Share award represents annual equity compensation in the form of a grant of restricted stock units equal to $140,000, divided by the closing price on the date of the Company's 2026 annual meeting of stockholders. The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, and subject to certain vesting, forfeiture, and termination provisions.
F2. Shares owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.

Key Figures

Equity award shares: 4,382 shares Award value: $140,000 Post-transaction holding line 1: 104,094 shares +1 more

4 metrics

Equity award shares 4,382 shares Annual equity compensation grant of Class A Common Stock

Award value $140,000 Compensation value divided by closing price on 2026 annual meeting date

Post-transaction holding line 1 104,094 shares Class A Common Stock held directly after reported transactions

Post-transaction holding line 2 8,720 shares Additional direct Class A Common holding after award grant

Key Terms

restricted stock units, annual equity compensation, Omnibus Incentive Plan, vesting, forfeiture, and termination provisions, +1 more

5 terms

restricted stock units financial

"grant of restricted stock units equal to $140,000, divided by the closing price"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

annual equity compensation financial

"Share award represents annual equity compensation in the form of a grant"

Omnibus Incentive Plan financial

"The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan"

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

vesting, forfeiture, and termination provisions financial

"subject to certain vesting, forfeiture, and termination provisions"

joint tenants financial

"Shares owned jointly by Mr. Hogan and his wife ... as joint tenants"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Covenant Logistics (CVLG) director Joey B. Hogan report?

Joey B. Hogan reported receiving an equity award of 4,382 Class A Common shares as compensation. The grant was priced at $0.00 per share and represents his 2026 annual equity compensation, rather than an open-market stock purchase or sale.

What plan governs Joey B. Hogan’s new equity award at Covenant Logistics (CVLG)?

The equity grant was made under Covenant Logistics’ Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. This plan sets key terms, including vesting schedules, forfeiture conditions, and termination rules for restricted stock units and similar awards.

How many Covenant Logistics (CVLG) shares does Joey B. Hogan hold after the reported transactions?

The filing lists two post-transaction direct holdings: one line showing 104,094 Class A Common shares and another showing 8,720 shares. Some of these shares are owned jointly with his wife, Melinda J. Hogan, as joint tenants.

How are Joey B. Hogan’s jointly owned Covenant Logistics (CVLG) shares characterized?

A footnote explains that certain shares are owned jointly by Joey B. Hogan and his wife, Melinda J. Hogan, as joint tenants. This means both spouses share ownership rights in those Class A Common shares reported in the Form 4 filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 05:46 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HOGAN JOEY B

(Last)

(First)

(Middle)

400 BIRMINGHAM HIGHWAY

(Street)

CHATTANOOGA

TENNESSEE

37419

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
COVENANT LOGISTICS GROUP, INC. [ CVLG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	05/13/2026		A⁽¹⁾		4,382⁽¹⁾	A	$0	8,720	D
Class A Common Stock								104,094	D⁽²⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Share award represents annual equity compensation in the form of a grant of restricted stock units equal to $140,000, divided by the closing price on the date of the Company's 2026 annual meeting of stockholders. The award was made under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended, and subject to certain vesting, forfeiture, and termination provisions.

2. Shares owned jointly by Mr. Hogan and his wife, Melinda J. Hogan, as joint tenants.

	/s/ Joey B. Hogan, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC	05/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR