Covenant Logistics (NASDAQ: CVLG) director granted $140,000 in restricted stock

Rhea-AI Filing Summary

Covenant Logistics Group director Tracy L. Rosser received an equity grant as annual board compensation. On the grant date, he acquired 4,382 shares of Class A common stock at no cash cost as a restricted stock unit award valued at $140,000, bringing his direct holdings to 17,906 shares. The award was issued under the company’s omnibus incentive plan and is subject to vesting, forfeiture, and termination provisions.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rosser Tracy L.

Role null

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

Holdings After Transaction: Class A Common Stock — 17,906 shares (Direct, null)

Footnotes (1)

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Key Figures

Equity grant size: 4,382 shares Award value: $140,000 Holdings after grant: 17,906 shares +1 more

4 metrics

Equity grant size 4,382 shares Class A Common Stock awarded as restricted stock units

Award value $140,000 Annual equity compensation for 2026, per footnote

Holdings after grant 17,906 shares Total direct Class A Common Stock after transaction

Transaction price per share $0.00 per share Grant/award acquisition, not an open-market purchase

Key Terms

restricted stock units, annual equity compensation, Third Amended and Restated 2006 Omnibus Incentive Plan, vesting, forfeiture, and termination provisions

4 terms

restricted stock units financial

"Share award represents annual equity compensation in the form of a grant of restricted stock units equal to $140,000"

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 of restricted stock units equal to $140,000"

Third Amended and Restated 2006 Omnibus Incentive Plan financial

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

vesting, forfeiture, and termination provisions financial

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

Form 4 Insider Transactions: What Each Field Means →

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^*

Rosser Tracy L.

(Last) (First) (Middle)

7203 WEST DUNROVEN LANE

(Street)

ROGERS ARKANSAS 72758

(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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	05/13/2026		A(1)		4,382(1)	A	$0	17,906	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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.

	/s/ Tracy L. Rosser, by Cody Kofoid, 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)

FAQ

What did Tracy L. Rosser report in the latest Form 4 for CVLG?

Tracy L. Rosser reported receiving 4,382 shares of Class A common stock as an equity grant. The award represents his annual director compensation valued at $140,000 and was granted under Covenant Logistics Group’s omnibus incentive plan, subject to standard vesting conditions.

Was the CVLG Form 4 transaction a purchase or a grant for Tracy L. Rosser?

The Form 4 reflects a grant, not an open-market purchase, for Tracy L. Rosser. He acquired 4,382 shares at $0.00 per share as restricted stock units awarded as annual equity compensation, rather than buying shares on the market.

How many CVLG shares does Tracy L. Rosser hold after this Form 4 grant?

After the grant, Tracy L. Rosser directly holds 17,906 shares of Covenant Logistics Group Class A common stock. This total includes the newly awarded 4,382 restricted stock units that form part of his annual equity-based director compensation package.

What is the dollar value of Tracy L. Rosser’s 2026 CVLG equity award?

The share award is valued at $140,000, calculated by dividing that amount by the closing stock price on the date of Covenant Logistics Group’s 2026 annual meeting. This value determines how many restricted stock units were granted to the director.

Under which plan was Tracy L. Rosser’s CVLG equity grant made?

The equity grant was made under Covenant Logistics Group’s Third Amended and Restated 2006 Omnibus Incentive Plan. This plan governs director and employee equity awards, including the vesting, forfeiture, and termination provisions that apply to Rosser’s restricted stock units.

Are Tracy L. Rosser’s new CVLG restricted stock units fully vested immediately?

The filing states the award is subject to vesting, forfeiture, and termination provisions, so it is not fully unconditional at grant. Specific vesting schedules are not detailed, but such provisions typically require continued service or meeting defined conditions.