Forward Air (FWRD) executive Lindsay discloses shares and options on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Forward Air Corp executive Justin Lindsay, President U.S. & Canada, filed an initial Form 3 showing his equity holdings in the company. He directly holds 13,712 shares of common stock, including 7,623 unvested restricted stock awards that vest in three equal annual installments, subject to continued service.
He also holds two fully exercisable stock option awards: options over 1,384 shares of common stock at an exercise price of $115.42 per share expiring on February 7, 2030, and options over 1,951 shares at an exercise price of $100.93 per share expiring on March 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Lindsay Justin
Role
President, U.S. & Canada
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,951 shares (Direct, null);
Common Stock — 13,712 shares (Direct, null)
Footnotes (1)
- Includes an aggregate of 7,623 unvested restricted stock awards (RSAs). These RSAs vest in three equal annual installments on each anniversary of their respective grant dates, subject to the Reporting Person's continued service to the Issuer through each applicable vesting date. The Reporting Person's stock options are fully exercisable.
Key Figures
Direct common shares: 13,712 shares
Unvested RSAs: 7,623 shares
Option grant 1: 1,384 shares at $115.42
+1 more
4 metrics
Direct common shares
13,712 shares
Total common stock held directly as reported on Form 3
Unvested RSAs
7,623 shares
Restricted stock awards vesting in three equal annual installments
Option grant 1
1,384 shares at $115.42
Stock option, fully exercisable, expiring February 7, 2030
Option grant 2
1,951 shares at $100.93
Stock option, fully exercisable, expiring March 15, 2029
Key Terms
restricted stock awards, stock options, fully exercisable, Stock Option (Right to Buy)
4 terms
restricted stock awards financial
"Includes an aggregate of 7,623 unvested restricted stock awards (RSAs)."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
stock options financial
"The Reporting Person's stock options are fully exercisable."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
fully exercisable financial
"The Reporting Person's stock options are fully exercisable."
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
