Covenant Logistics Group, Inc. filings document the public-company record for a Nevada-based transportation and logistics operator with Class A common stock listed on the New York Stock Exchange. Its 8-K reports include operating and financial results, dividend declarations, capital-structure disclosures for Class A and Class B common stock, and other material-event notices.
Proxy and governance filings cover shareholder voting matters, board and executive compensation disclosures, equity-award practices, and incentive-plan arrangements for named executive officers. The filing record also reflects ownership-related disclosures, risk and forward-looking-statement language tied to company results, and formal exhibits such as earnings releases and dividend announcements.
Schmidt Herbert J reported acquisition or exercise transactions in this Form 4 filing.
Covenant Logistics Group director Herbert J. Schmidt received an equity grant of 4,382 shares of Class A common stock. The award represents annual equity compensation valued at $140,000, calculated by dividing that amount by the closing share price on the date of the company’s 2026 annual meeting of stockholders.
The grant was issued under the company’s Third Amended and Restated 2006 Omnibus Incentive Plan and is subject to vesting, forfeiture, and termination provisions. Following this grant, Schmidt directly holds 32,988 shares of Class A common stock.
CARSON BENJAMIN SR reported acquisition or exercise transactions in this Form 4 filing.
COVENANT LOGISTICS GROUP, INC. director Benjamin Carson Sr received an equity grant of 4,382 shares of Class A Common Stock. The award represents annual equity compensation equal to $140,000, calculated by dividing that amount by the closing share price on the date of the company’s 2026 annual meeting of stockholders. The grant, made at a per-share price of $0.0000 in this filing, was issued under the Third Amended and Restated 2006 Omnibus Incentive Plan and is subject to vesting, forfeiture, and termination provisions. Following this grant, Carson directly holds 32,174 shares of Class A Common Stock.
Parker-Hatchett Rachel reported acquisition or exercise transactions in this Form 4 filing.
Covenant Logistics Group director Rachel Parker-Hatchett received an equity grant of 4,382 shares of Class A Common Stock as annual compensation. The award equals $140,000 divided by the closing price on the date of the company’s 2026 annual meeting and was granted as restricted stock units under the Third Amended and Restated 2006 Omnibus Incentive Plan, subject to vesting, forfeiture, and termination provisions. She and her husband, Rob Hatchett, also own additional Class A shares jointly as joint tenants, bringing total reported direct holdings to 309,406 shares.
KRAMER D MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Covenant Logistics Group director D. Michael Kramer reported receiving an equity award of 4,382 shares of Class A Common Stock as annual compensation. The grant represents $140,000 in value, calculated using the closing price on the date of the company’s 2026 annual meeting, and was issued under the Third Amended and Restated 2006 Omnibus Incentive Plan, subject to vesting, forfeiture, and termination conditions. Following this award, Kramer holds 23,118 shares directly. An additional 400 shares are held in a Uniform Transfers to Minors Act account for which he is custodian, and he expressly disclaims beneficial ownership of those custodial shares.
Covenant Logistics Group, Inc. reported several board actions and annual meeting results. The compensation committee approved a 2026 Long-Term Incentive Plan with aggregate target awards of $2,984,000 for David R. Parker, $1,873,000 for M. Paul Bunn, $792,000 for James “Tripp” Grant, $695,000 for Dustin Koehl, and $481,000 for Joey Ballard. New annualized base salaries were set at $455,000 for James “Tripp” Grant and Dustin Koehl and $400,000 for Joey Ballard. Stockholders elected all director nominees, approved executive compensation on a non-binding basis, and ratified Grant Thornton LLP as independent auditor. The board also declared a quarterly cash dividend of $0.07 per share on Class A and Class B common stock, payable to stockholders of record on June 5, 2026 and expected to be paid on June 26, 2026.
Covenant Logistics Group Inc ownership filing: T. Rowe Price Investment Management, Inc. reports beneficial ownership of 1,067,787 shares of Common Stock, representing 5.2% as of 03/31/2026. The filing shows sole voting power for 1,055,034 shares and sole dispositive power for 1,067,787 shares. The filer includes a statement disclaiming beneficial ownership.
Covenant Logistics Group reported first-quarter 2026 revenue of $307.2 million, up 14.0% from a year earlier, as freight revenue rose to $281.9 million. Despite higher sales, operating income slipped to $6.3 million and net income declined to $4.4 million, or $0.17 per diluted share, reflecting margin pressure from higher purchased transportation, fuel headwinds, and weather disruptions.
Managed Freight, Dedicated, and Warehousing drove freight revenue growth, partially offset by softer Expedited results. Cash from operations was $29.0 million, helping reduce total indebtedness (debt and finance leases, net of cash) by $51.0 million to $245.3 million and lowering the leverage ratio to 2.37. Stockholders’ equity reached $407.6 million, and the company paid a $0.07 per-share cash dividend.
Covenant Logistics Group Chairman and CEO David Ray Parker reported several equity transactions in company stock. On April 29, 2026, he exercised employee stock options to acquire a total of 165,332 shares of Class A common stock at an exercise price of $10.62 per share.
To cover related obligations, 95,760 Class A shares were disposed of as a tax-withholding transaction at $34.84 per share, rather than through an open-market sale. In a separate bona fide gift, 70,000 Class A shares were transferred without consideration.
After these transactions, Parker directly held 4,700,000 shares of Class B common stock and maintained an interest in 76,574 Class A shares through an employer 401(k) stock fund. He also retained 44,084 employee stock options with a $10.62 exercise price expiring on April 6, 2031.
Covenant Logistics Group director D. Michael Kramer reported several changes in his Class A Common Stock holdings. On April 29, he sold 2,650 shares in an open-market transaction at a weighted average price of $34.7204 per share, with individual prices ranging from $34.515 to $34.85. He also made a bona fide gift of 3,350 shares. After these transactions, he directly held 18,736 shares. Separately, 400 shares are held in a Uniform Transfers to Minors Act account, where he is custodian and disclaims beneficial ownership.
Covenant Logistics Group director Joey B. Hogan reported an open-market sale of 14,700 shares of Class A Common Stock at a weighted average price of $34.757 per share. The sale price reflected multiple trades between $34.54 and $35.04. After this transaction, he directly holds 104,094 shares, and an additional 4,338 shares are reported in a separate direct holding. Some of the reported shares are owned jointly by Mr. Hogan and his wife as joint tenants.