Forward Air (FWRD) executive chairman granted 10,799 restricted stock units

Rhea-AI Filing Summary

LORRAIN Jerome Jean-Pierre reported acquisition or exercise transactions in this Form 4 filing.

Forward Air Corporation reported that Executive Chairman Jerome Jean-Pierre Lorrain received a grant of 10,799 shares of common stock as a restricted stock award. These shares vest in three equal installments on the first, second, and third anniversaries of the grant date, contingent on his continued employment.

Insider Trade Summary

Net Buyer: 10,799 shares

Net Buy 1 txn

Insider LORRAIN Jerome Jean-Pierre

Role Executive Chairman

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	10,799	$0.00	$0.00

Holdings After Transaction: Common Stock — 22,167 shares (Direct)

Footnotes (1)

1. F1. Represents an award of restricted stock, which 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/23/2026 - 03:12 PM Learn about SEC filing dates

FAQ

What insider transaction did Forward Air (FWRD) report for Jerome Lorrain?

Forward Air reported that Executive Chairman Jerome Lorrain received a grant of 10,799 shares of common stock. The award was recorded as a restricted stock grant at no purchase price to him, increasing his directly held share balance to 22,167 shares.

How do Jerome Lorrain’s new restricted shares at Forward Air (FWRD) vest?

Jerome Lorrain’s 10,799-share restricted stock award vests in three equal parts. One-third vests on each of the first, second, and third anniversaries of the grant date, provided he remains continuously employed through each applicable vesting date.

Did Jerome Lorrain buy or sell Forward Air (FWRD) stock in this Form 4?

Jerome Lorrain did not buy or sell stock in the open market. The Form 4 reports an acquisition of 10,799 common shares as a restricted stock grant, classified as a grant, award, or other acquisition rather than a purchase or sale transaction.

What is Jerome Lorrain’s Forward Air (FWRD) share ownership after this grant?

After receiving the 10,799-share restricted stock award, Jerome Lorrain directly holds a total of 22,167 shares of Forward Air common stock. This figure reflects his ownership immediately following the reported grant transaction in the Form 4 filing.

Is Jerome Lorrain’s restricted stock award at Forward Air (FWRD) subject to conditions?

Yes. The 10,799-share restricted stock award vests only if Jerome Lorrain remains continuously employed. Each one-third portion vests on the first, second, and third anniversaries of the grant date, making continued employment a key condition for earning the shares.

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^*

LORRAIN Jerome Jean-Pierre

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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	02/19/2026		A		10,799(1)	A	$0	22,167	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, which 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	02/23/2026
	** 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.