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Forward Air (FWRD) Asia Pacific president reports 4,950 unvested restricted stock awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

FORWARD AIR CORP filed an initial ownership report for executive Zhu Yanqing, President, Asia Pacific. The filing shows beneficial ownership of 4,950 unvested restricted stock awards (RSAs) of common stock. These RSAs vest in three equal annual installments on each anniversary of the grant date, contingent on Zhu’s continued service to the company.

Positive

  • None.

Negative

  • None.
Insider Zhu Yanqing
Role President, Asia Pacific
Type Security Shares Price Value
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 4,950 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Unvested RSAs 4,950 restricted stock awards Beneficial ownership reported on Form 3
Vesting installments 3 equal annual installments RSAs vest annually on grant-date anniversaries
Ownership type Direct ownership Reported as direct (code D) common stock RSAs
restricted stock awards (RSAs) financial
"Consists of 4,950 unvested restricted stock awards (RSAs)."
unvested financial
"Consists of 4,950 unvested restricted stock awards (RSAs)."
vest in three equal annual installments financial
"These RSAs vest in three equal annual installments on the anniversary"
continued service financial
"subject to the Reporting Person's continued service to the Issuer"
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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Zhu Yanqing
(Last)(First)(Middle)
3200 OLYMPUS BOULEVARD
SUITE 300
(Street)
DALLAS TEXAS 75019
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
06/17/2026		3. Issuer Name and Ticker or Trading Symbol
FORWARD AIR CORP [ FWRD ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President, Asia Pacific
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock4,950(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Consists of 4,950 unvested restricted stock awards (RSAs). These RSAs vest in three equal annual installments on the anniversary of the grant date, subject to the Reporting Person's continued service to the Issuer through each applicable vesting date.
Remarks:
See Exhibit 24.1 - Power of Attorney
/s/ Michael L. Hance, Attorney-in-Fact06/29/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider position is reported for FORWARD AIR CORP (FWRD) in this Form 3?

The Form 3 reports that executive Zhu Yanqing, President, Asia Pacific, beneficially owns 4,950 unvested restricted stock awards in FORWARD AIR CORP common stock. This is an initial statement of holdings, not a new stock purchase or sale transaction.

How many FORWARD AIR CORP (FWRD) shares does Zhu Yanqing report on Form 3?

Zhu Yanqing reports beneficial ownership of 4,950 unvested restricted stock awards of FORWARD AIR CORP common stock. These equity awards represent potential future shares that will vest over time, subject to employment-based vesting conditions described in the filing footnote.

What kind of equity awards does Zhu Yanqing hold in FORWARD AIR CORP (FWRD)?

The filing shows 4,950 unvested restricted stock awards (RSAs) tied to FORWARD AIR CORP common stock. RSAs are share-based compensation that convert into vested shares over time if service conditions are satisfied, aligning executive incentives with long-term company performance.

What is the vesting schedule for Zhu Yanqing’s FORWARD AIR CORP (FWRD) restricted stock awards?

The 4,950 unvested restricted stock awards vest in three equal annual installments on the anniversary of the grant date. Each vesting tranche is conditioned on Zhu’s continued service to FORWARD AIR CORP through the applicable vesting date, according to the filing footnote.

Are Zhu Yanqing’s FORWARD AIR CORP (FWRD) RSAs subject to any conditions?

Yes. The 4,950 restricted stock awards vest only if Zhu continues serving FORWARD AIR CORP through each vesting date. They vest in three equal annual installments on each grant-date anniversary, so separation from the company before vesting could affect award realization.