Forward Air (NASDAQ: FWRD) CFO receives 5,732-share restricted stock award

Rhea-AI Filing Summary

Pierson Jamie G. reported acquisition or exercise transactions in this Form 4 filing.

FORWARD AIR CORP CFO Jamie G. Pierson received an award of 5,732 shares of common stock as part of his annual long-term equity incentive compensation for fiscal year 2026. The restricted stock vests in three equal installments on each of the first, second and third anniversaries of the grant date, contingent on continued employment. Following this award, he directly holds 91,884 shares of common stock.

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

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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^*

Pierson Jamie G.

(Last) (First) (Middle)

3200 OLYMPUS BOULEVARD

SUITE 300

(Street)

DALLAS TX 75019

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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

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 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	03/16/2026		A		5,732(1)	A	$0	91,884	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 an award of restricted stock granted in connection with the finalization of the Reporting Person's annual long-term equity incentive compensation for fiscal year 2026. This award of restricted stock vests equally on each of the first, second and third anniversaries of the grant date, subject to the Reporting Person's continuous employment through the applicable vesting date.

Remarks:

	/s/ Michael L. Hance, Attorney-in-Fact	03/17/2026
	** 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.

FAQ

What insider transaction did Forward Air (FWRD) CFO Jamie G. Pierson report?

CFO Jamie G. Pierson reported receiving 5,732 shares of Forward Air common stock as a restricted stock award. The grant is part of his annual long-term equity incentive compensation for fiscal year 2026 and was recorded at a price of $0.00 per share.

How will Jamie G. Pierson’s new restricted stock award at Forward Air (FWRD) vest?

The 5,732-share restricted stock award vests in three equal installments over three years. It vests on each of the first, second, and third anniversaries of the grant date, and each vesting tranche is conditioned on Jamie G. Pierson’s continued employment with Forward Air.

What is the purpose of the 5,732-share award to Forward Air (FWRD) CFO Jamie G. Pierson?

The 5,732 restricted shares were granted in connection with finalizing Jamie G. Pierson’s annual long-term equity incentive compensation for fiscal year 2026. This structure aligns part of his compensation with Forward Air’s future performance through time-based vesting tied to ongoing employment.

How many Forward Air (FWRD) shares does CFO Jamie G. Pierson own after this award?

After receiving the 5,732-share restricted stock award, Jamie G. Pierson directly owns 91,884 shares of Forward Air common stock. This total includes the newly granted restricted shares, which will vest in three equal annual installments, assuming he remains continuously employed through each vesting date.

Did Forward Air (FWRD) CFO Jamie G. Pierson buy shares on the market in this transaction?

No, this transaction reflects an award, not an open-market purchase. Jamie G. Pierson received 5,732 restricted shares at a reported price of $0.00 per share as part of his long-term equity incentive compensation for fiscal year 2026, subject to vesting conditions.