Forward Air (FWRD) director receives 9,545 restricted stock shares

Rhea-AI Filing Summary

Gorjanc Christine Marie reported acquisition or exercise transactions in this Form 4 filing.

Forward Air Corporation director Christine Marie Gorjanc received a grant of 9,545 shares of common stock. The award was granted at a price of $0.00 per share as restricted stock under the Forward Air Corporation 2025 Non-Employee Director Stock Plan in a transaction exempt from Section 16(b) under Rule 16b-3.

The restricted stock will fully vest on the earlier of the day immediately prior to Forward Air Corporation's 2027 Annual Meeting of Stockholders or the first anniversary of the grant date. Following this grant, Gorjanc directly holds 22,940 shares of Forward Air common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gorjanc Christine Marie

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9,545	$0.00	--

Holdings After Transaction: Common Stock — 22,940 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock granted: 9,545 shares Grant price per share: $0.00 per share Shares owned after grant: 22,940 shares +1 more

4 metrics

Restricted stock granted 9,545 shares Common Stock award to director Christine Marie Gorjanc

Grant price per share $0.00 per share Restricted stock awarded under 2025 Non-Employee Director Stock Plan

Shares owned after grant 22,940 shares Direct holdings of Forward Air common stock post-transaction

Vesting trigger By 2027 meeting or 1-year anniversary Restricted stock fully vests at earlier of those two dates

Key Terms

restricted stock, Forward Air Corporation 2025 Non-Employee Director Stock Plan, Section 16(b), Rule 16b-3

4 terms

restricted stock financial

"Represents restricted stock awarded under the Forward Air Corporation 2025 Non-Employee Director Stock Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

Forward Air Corporation 2025 Non-Employee Director Stock Plan financial

"awarded under the Forward Air Corporation 2025 Non-Employee Director Stock Plan in a transaction exempt"

Section 16(b) regulatory

"in a transaction exempt from Section 16(b) under Rule 16b-3"

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Rule 16b-3 regulatory

"in a transaction exempt from Section 16(b) under Rule 16b-3"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gorjanc Christine Marie

(Last) (First) (Middle)

3200 OLYMPUS BOULEVARD

SUITE 300

(Street)

DALLAS TEXAS 75019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FORWARD AIR CORP [ FWRD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/18/2026		A		9,545(1)	A	$0	22,940	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock awarded under the Forward Air Corporation 2025 Non-Employee Director Stock Plan in a transaction exempt from Section 16(b) under Rule 16b-3. The stock fully vests on the earlier of (a) the day immediately prior to Forward Air Corporation's 2027 Annual Meeting of Stockholders or (b) the first anniversary of the grant date.

Remarks:

	/s/ Michael L. Hance, Attorney-in-Fact	06/22/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What did Forward Air (FWRD) director Christine Marie Gorjanc report in this Form 4 filing?

Christine Marie Gorjanc reported receiving a grant of restricted common stock in Forward Air. The award was made under the 2025 Non-Employee Director Stock Plan and is exempt from Section 16(b) under Rule 16b-3, reflecting equity-based director compensation.

How many Forward Air (FWRD) shares were granted to Christine Marie Gorjanc?

She was granted 9,545 shares of Forward Air common stock. These shares were awarded as restricted stock at a stated price of $0.00 per share under the company’s 2025 Non-Employee Director Stock Plan, increasing her direct ownership position.

When do the restricted shares granted to Christine Marie Gorjanc in Forward Air vest?

The restricted stock will fully vest on the earlier of two dates. Vesting occurs either the day immediately prior to Forward Air Corporation's 2027 Annual Meeting of Stockholders or on the first anniversary of the grant date, as specified in the award terms.

Did Christine Marie Gorjanc buy or sell Forward Air (FWRD) shares in this transaction?

She did not buy or sell shares on the open market; she received a grant. The Form 4 shows an acquisition coded as a grant, award, or other acquisition at $0.00 per share, reflecting stock-based compensation rather than a purchase or sale.

How many Forward Air (FWRD) shares does Christine Marie Gorjanc own after this restricted stock grant?

After the grant, Christine Marie Gorjanc directly owns 22,940 shares of Forward Air common stock. This post-transaction holding figure includes the newly awarded 9,545 restricted shares reported in the Form 4 insider transaction filing.

Under which plan was Christine Marie Gorjanc’s Forward Air restricted stock grant made?

The grant was made under the Forward Air Corporation 2025 Non-Employee Director Stock Plan. The filing notes that the transaction is exempt from Section 16(b) under Rule 16b-3, indicating it is a standard equity compensation award for a non-employee director.