Covenant Logistics Group Inc SEC Filings

Covenant Logistics Group executive Joey Ballard reported a forfeiture of 5,516 shares of Class A common stock. These shares were restricted stock granted under the company’s Omnibus Incentive Plan and were returned to the issuer at no price after performance targets were not achieved.

Following this disposition to the company, Ballard directly holds 25,149 shares of Covenant Logistics Group common stock. The transaction reflects a performance-based forfeiture rather than an open-market sale and does not involve cash proceeds.

Grant James S III reported disposition transactions in this Form 4 filing.

Covenant Logistics Group EVP and CFO James S. Grant III reported a compensation-related share forfeiture. On the reported date, 5,516 shares of Class A common stock were returned to the issuer at a price of $0.00 per share. The footnote explains this reflects forfeited restricted stock because the company did not achieve established performance targets, as certified by the compensation committee. After this adjustment, Grant directly holds 43,303 shares, indicating this is a revision to prior equity awards rather than an open-market sale.

Covenant Logistics Group, Inc. has filed a shelf registration on Form S-3 to offer up to $200,000,000 of securities, including Class A common stock, preferred stock, debt securities, rights, and warrants, on a delayed or continuous basis.

The prospectus states offerings will be made by prospectus supplements with specific terms; the Company’s Class A common stock trades on the New York Stock Exchange under the symbol CVLG. The prospectus discloses 20,383,043 shares of Class A common stock issued and outstanding and 4,700,000 shares of Class B common stock issued and outstanding as of February 25, 2026. Covenant reported approximately $1.2 billion in total revenue and $2.9 million in operating income for 2025 and operated 2,315 tractors and 6,611 trailers as of December 31, 2025.

COVENANT LOGISTICS GROUP, INC. director Joey B. Hogan reported a bona fide gift of 2,600 shares of Class A Common Stock on February 27, 2026, transferring them at no price. After this gift, he directly owned 118,794 shares. Some shares are owned jointly with his wife as joint tenants.

Covenant Logistics Group files its annual report describing a diversified trucking and logistics business built around Expedited, Dedicated, Managed Freight, and Warehousing segments. For 2025, freight revenue was weighted toward Dedicated at 33.47%, Expedited at 29.95%, Managed Freight at 27.08%, and Warehousing at 9.44%.

The company operated 2,315 tractors and 6,611 trailers as of December 31, 2025, with an average tractor age of about 2.0 years and trailer age of 5.7 years. In 2025, Expedited average freight revenue per total mile was $2.10 with 177,114 miles per tractor, while Dedicated earned $3.13 per mile with 74,076 miles per tractor.

Covenant highlights a 2-for-1 stock split effective December 31, 2024 and a rising quarterly dividend, lifted to $0.07 per share in February 2025. It also reports $14.7 million of equity income from its 49% stake in Transport Enterprise Leasing in both 2025 and 2024, and discusses extensive regulatory, environmental, driver availability, and fuel-cost risks that could affect future performance.

Covenant Logistics Group’s major shareholders, David and Jacqueline Parker, filed an updated Schedule 13D/A reflecting their current ownership and recent share sales. As of February 24, 2026, they beneficially own 7,852,085 shares of Covenant’s common stock, representing about 30.4% of the company’s outstanding common shares.

Their holdings include Class A shares, options to purchase Class A shares, 401(k) plan shares, and 4,700,000 Class B shares that are convertible into Class A on a one-for-one basis. Because Class B carries two votes per share while controlled by the Parkers, they may control stock with roughly 41.1% of the company’s total voting power.

The amendment also details a series of open‑market sales of Class A shares in February 2026, including a sale of 96,333 shares on February 17, 2026 at a weighted average price of $29.6985 per share, along with several smaller trades executed at prices in the high‑$20 range.

Covenant Logistics Group Chairman and CEO David Ray Parker, together with Jacqueline F. Parker as joint owners of the stock, reported open-market sales of Class A common stock totaling 150,400 shares of CVLG on February 18–20, 2026. The reported weighted average sale prices for these trades were around $29 per share, with individual transactions priced at $29.3389, $29.3821, $29.4714, and $28.9789. Following these sales, one direct Class A holding account showed 2,047,544 shares, while the filing also listed 227,872 additional Class A shares in another direct account, 76,669 Class A shares held through a 401(k) plan, and 4,700,000 shares of Class B common stock.

Covenant Logistics Group (CVLG) chairman and CEO David Ray Parker and 10% owner Jacqueline F. Parker, who hold shares jointly, reported multiple open-market sales of Class A common stock between February 12 and 17, 2026 totaling 135,000 shares at prices around the high-$20 range.

After these transactions, they reported direct beneficial ownership of 2,197,944 Class A shares, plus 76,795 Class A shares held indirectly through a 401(k) account, and 4,700,000 Class B shares held directly.

Covenant Logistics Group major shareholders David and Jacqueline Parker filed an amended Schedule 13D after beginning to reduce their stake. They announced that they intend to dispose of Class A common stock with a value of approximately $15 million at recent trading prices through open-market and charitable gift transactions, without using a Rule 10b5-1 plan.

As of February 11, 2026, they beneficially owned 8,137,489 shares of Covenant Logistics common stock, representing about 31.5% of the economic interest, including Class B shares and options. Due to the dual-class structure, they control stock possessing approximately 42.0% of the company’s voting power.