Forward Air (FWRD) Europe president holds 6,231 restricted stock awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
FORWARD AIR CORP executive Jonathan Van Altena, President, Europe, has filed an initial ownership report showing beneficial ownership of 6,231 shares of Common Stock through unvested restricted stock awards (RSAs).
The 6,231 RSAs vest in three equal annual installments on each grant-date anniversary, as long as he continues to serve the company through each vesting date. The filing does not report any stock purchases or sales; it simply records his existing equity-based compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Van Altena Jonathan
Role
President, Europe
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,231 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Unvested RSAs: 6,231 shares
Post-report holdings: 6,231 shares
Vesting schedule: 3 annual installments
3 metrics
Unvested RSAs
6,231 shares
Aggregate unvested restricted stock awards reported on Form 3
Post-report holdings
6,231 shares
Total shares beneficially owned following reported holdings
Vesting schedule
3 annual installments
RSAs vest in three equal annual tranches on grant anniversaries
Key Terms
restricted stock awards (RSAs), vest, continued service
3 terms
restricted stock awards (RSAs) financial
"Consists of aggregate of 6,231 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.
continued service financial
"subject to the Reporting Person's continued service to the Issuer through each applicable vesting date"
FAQ
What does Jonathan Van Altena’s Form 3 filing show for FORWARD AIR CORP (FWRD)?
The Form 3 shows Jonathan Van Altena beneficially owns 6,231 unvested restricted stock awards in Forward Air. These equity awards are compensation and not a new market trade, simply establishing his starting ownership position as a company officer.
How do Jonathan Van Altena’s restricted stock awards in FWRD vest?
His 6,231 restricted stock awards vest in three equal annual installments on each anniversary of the grant date. Vesting is contingent on his continued service with Forward Air through each applicable vesting date, aligning compensation with ongoing employment.
Does Jonathan Van Altena’s Form 3 for Forward Air involve stock buying or selling?
No, the Form 3 does not report any stock purchases or sales. It simply discloses his existing beneficial ownership of 6,231 unvested restricted stock awards, reflecting compensation rather than a new market transaction or change in his economic exposure.
What role does Jonathan Van Altena hold at Forward Air (FWRD) in this ownership filing?
He is identified as President, Europe of Forward Air in the filing. The disclosed 6,231 unvested restricted stock awards form part of his compensation, tying a portion of his pay to the company’s equity over a multi-year vesting schedule.