Forward Air (NASDAQ: FWRD) CIO discloses 5,850 unvested restricted stock awards

Rhea-AI Filing Summary

FORWARD AIR CORP executive Lance Sons, the Chief Information Officer, filed an initial Form 3 reporting his equity holdings in the company. He currently holds 5,850 shares of common stock in the form of unvested restricted stock awards.

These 5,850 restricted stock awards vest in three equal annual installments on the anniversary of the grant date, as long as he continues serving the company through each vesting date. This filing establishes his baseline ownership as an officer rather than reporting any new share purchases or sales.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sons Lance

Role Chief Information Officer

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,850 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Unvested restricted stock awards: 5,850 shares Vesting schedule: Three equal annual installments

2 metrics

Unvested restricted stock awards 5,850 shares Reported on Form 3 as common stock RSAs

Vesting schedule Three equal annual installments On each anniversary of the grant date, subject to continued service

Key Terms

restricted stock awards (RSAs), vest, Form 3

3 terms

restricted stock awards (RSAs) financial

"Consists of 5,850 unvested restricted stock awards (RSAs)."

vest financial

"These RSAs vest in three equal annual installments on the anniversary of the grant date"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Form 3 regulatory

"filed an initial Form 3 reporting his equity holdings"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

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Available on EDGAR 06/29/2026 - 04:42 PM Accepted by SEC EDGAR 06/29/2026 - 04:41 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED 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^*

Sons Lance

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Information Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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 Stock	5,850(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 Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Consists of 5,850 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-Fact	06/29/2026
	** 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 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)

FAQ

What does Lance Sons report in his Form 3 for FORWARD AIR CORP (FWRD)?

Lance Sons, Chief Information Officer of FORWARD AIR CORP, reports beneficial ownership of 5,850 shares of common stock. These consist entirely of unvested restricted stock awards, establishing his initial disclosed equity position as an officer rather than reflecting a recent trade.

What type of equity does Lance Sons hold in FORWARD AIR CORP (FWRD)?

He holds 5,850 unvested restricted stock awards (RSAs) in FORWARD AIR CORP. These RSAs represent common stock subject to vesting conditions tied to continued service, rather than freely tradable shares acquired in open-market transactions.

How do Lance Sons’ restricted stock awards in FWRD vest over time?

The 5,850 restricted stock awards vest in three equal annual installments on each anniversary of the grant date. Vesting is contingent on his continued service to FORWARD AIR CORP through each applicable vesting date, aligning equity compensation with ongoing employment.

Does the Form 3 for FWRD show Lance Sons buying or selling shares?

No, the Form 3 shows his existing beneficial ownership of 5,850 unvested restricted stock awards. It is an initial ownership report, not a record of new purchases or sales, and transaction-related buy or sell codes are not indicated.

Is Lance Sons’ ownership in FWRD reported as direct or indirect?

His 5,850 unvested restricted stock awards are reported as directly owned. The filing does not reference any trusts, partnerships, or related entities, so the disclosed equity is attributed to him personally as Chief Information Officer.