Every Form 4 that Forward Air Corp (FWRD) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow FWRD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FWRD filings page.
Svindland Paul C. reported acquisition or exercise transactions in this Form 4 filing.
Forward Air Corp director equity grant: Director Paul C. Svindland received 9,545 shares of restricted common stock as an award under the Forward Air Corporation 2025 Non-Employee Director Stock Plan in a transaction exempt from Section 16(b) under Rule 16b-3. After this grant, he directly holds 15,977 shares of common stock. The restricted stock fully vests 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.
Boyles Dale W reported acquisition or exercise transactions in this Form 4 filing.
Forward Air Corporation director Dale W. Boyles received 9,545 shares of restricted common stock as a compensation award. The grant, made at no cash cost to Boyles, was issued under the company’s 2025 Non-Employee Director Stock Plan and is exempt from Section 16(b) under Rule 16b-3. The restricted stock fully vests on the earlier of the day immediately prior to Forward Air’s 2027 annual stockholders’ meeting or the first anniversary of the grant date. After this award, Boyles directly holds 22,940 shares of Forward Air common stock.
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.
FORWARD AIR CORP Chief Executive Officer Shawn Stewart reported a Form 4 transaction where 4,136 shares of common stock were disposed of on April 29, 2026.
According to the filing, these shares were withheld by the company to satisfy minimum tax withholding obligations upon the vesting and net settlement of restricted stock, and were not an open-market sale. Following this tax-withholding disposition, Stewart directly holds 144,030 shares of common stock.
FORWARD AIR CORP Executive VP of Operations Timothy R. Osborne reported routine tax-related share dispositions, not open-market sales. On the same date, a total of 2,592 shares of common stock were withheld by the company to cover minimum tax obligations tied to vesting and net settlement of restricted stock, according to the footnote. After these tax-withholding transactions, Osborne directly held 23,831 shares of common stock, indicating he maintains a meaningful ongoing equity position in the company.
Forward Air Corp chief legal officer and secretary Michael L. Hance reported routine share dispositions tied to tax withholding, not open-market selling. A total of 5,737 shares of common stock were withheld at $16.05 per share to cover minimum tax obligations upon the vesting and net settlement of restricted stock. After these transactions, he directly holds roughly 90,486 shares of Forward Air common stock.
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.
Stewart Shawn reported acquisition or exercise transactions in this Form 4 filing.
FORWARD AIR CORP Chief Executive Officer Shawn Stewart received an award of 18,692 shares of Common Stock as part of his annual long-term equity incentive compensation for fiscal year 2026. The shares were granted at no cash cost to him.
This restricted stock award vests in three equal installments on the first, second and third anniversaries of the grant date, conditioned on his continued employment through each vesting date. Following this grant, Stewart directly holds 148,166 shares of Forward Air common stock.
FORWARD AIR CORP Chief Executive Officer Shawn Stewart reported equity compensation activity involving the company’s common stock. He received a grant of 43,197 shares of restricted stock as an award, with the shares scheduled to vest in three equal installments on the first, second and third anniversaries of the grant date, conditioned on his continued employment through each vesting date. To cover minimum tax withholding triggered by the vesting and net settlement of restricted stock, 3,214 shares were withheld by the company at a price of $27.78 per share. After these transactions, Stewart directly owns 129,474 shares of Forward Air common stock.
FORWARD AIR CORP CFO Jamie G. Pierson reported two equity-related transactions in company common stock. He acquired 20,698 shares as a restricted stock award that vests in three equal installments on each of the first, second and third anniversaries of the grant date, subject to continued employment. He also disposed of 1,662 shares at $27.78 per share to satisfy minimum tax withholding obligations upon vesting and net settlement of restricted stock.
FORWARD AIR CORP chief legal officer and secretary Michael L. Hance reported routine equity compensation activity involving company common stock. He received a grant of 10,799 shares of restricted stock at a stated price of $0.00 per share. According to the footnotes, this award vests in three equal installments on the first, second and third anniversaries of the grant date, subject to his continued employment. On the same date, 946 shares were withheld by the company at $27.78 per share to cover minimum tax withholding obligations upon the vesting and net settlement of restricted stock, a non‑open‑market, tax‑related disposition. After these transactions, he directly owned 96,223.4515 shares of common stock.
FORWARD AIR CORP Chief Commercial Officer Eric Frederick Brandt received a grant of 8,999 shares of common stock as restricted stock that vests in three equal annual installments starting one year after the grant date, contingent on continued employment. To cover minimum tax withholding on a vesting event, 1,057 shares were withheld at a price of $27.78 per share, a non-market, tax-related disposition. After these transactions, he directly holds 15,970 shares of common stock.
FORWARD AIR CORP Executive VP of Operations Timothy R. Osborne reported equity compensation and related tax withholding. He acquired 5,850 shares of common stock as a restricted stock award, which vests in three equal installments on each of the first, second and third anniversaries of the grant date, subject to continued employment.
To cover minimum tax withholding upon vesting and net settlement of restricted stock, 513 shares were disposed of at a price of $27.78 per share. After these transactions, Osborne directly owned 26,423 shares of common stock.
FORWARD AIR CORP Chief People Officer Douglas James Smith reported routine equity compensation activity. He received a grant of 5,850 shares of common stock as restricted stock, which will vest in three equal installments on the first, second and third anniversaries of the grant date, as long as he remains employed.
On the same date, 516 shares were disposed of at $27.78 per share to cover minimum tax withholding obligations tied to the vesting and net settlement of restricted stock. After these transactions, he directly owns 13,294 shares of common stock.
FORWARD AIR CORP Chief Supply Chain Officer Jessica L. Herren reported equity compensation activity in company common stock. She received a grant of 4,950 shares of restricted stock at no cost, which will vest in equal installments on each of the first, second and third anniversaries of the grant date, conditioned on her continued employment. To cover minimum tax withholding upon vesting and net settlement of restricted stock, 436 shares were disposed of at $27.78 per share through shares withheld by the issuer. After these transactions, Herren directly owned 10,599 shares of Forward Air common stock.
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.
FORWARD AIR CORP Chief Accounting Officer James R. Faught reported two common stock transactions. He received a grant of 2,340 shares of restricted stock at no cost, vesting in equal parts on each of the first, second and third anniversaries of the grant date, conditioned on continued employment. The company also withheld 362 shares, valued at $27.78 per share, to cover minimum tax obligations upon the vesting and net settlement of restricted stock, leaving him with 7,952 shares held directly after these transactions.
Cetus Capital VI, L.P., a 10% owner of FORWARD AIR CORP, reported both purchases and sales of common stock. On October 20, 2025, it bought a total of 225,000 shares in open-market purchases at reported weighted average prices. Between November 6 and November 12, 2025, it executed open-market sales totaling 272,163 shares at reported weighted average prices, resulting in a net sale of 47,163 shares. After these trades, Cetus Capital VI reported owning 3,116,546 common shares directly. Because certain October and November trades were potentially matchable under Section 16(b), Cetus Capital VI agreed to remit $807,054 to Forward Air in connection with those sale transactions.
Cetus Capital VI, L.P., a 10% owner of Forward Air Corp, reported an open-market sale of 30,000 shares of common stock at a weighted average price of $21.42 per share. After this sale, Cetus Capital VI, L.P. held 3,063,709 shares of Forward Air common stock.
According to a footnote, the reporting person’s sales, including those on November 6, 10, 11 and 12, 2025, were potentially matchable under Section 16(b) with a purchase of 225,000 shares on October 20, 2025. The reporting person agreed to remit $807,054 to Forward Air Corp in connection with these transactions pursuant to Section 16(b). Another footnote states the sale price reflects multiple trades between $21.20 and $21.56 per share.
Forward Air Corporation Executive VP of Operations Timothy R. Osborne reported a small tax-related share disposition. On 02/09/2026, 111 shares of common stock at $30.23 per share were withheld by the company to cover minimum tax obligations upon vesting of restricted stock. After this tax-withholding transaction, Osborne directly beneficially owned 21,086 shares of Forward Air common stock.
Forward Air Corp executive reports small tax-related share disposition. CLO and Secretary Michael L. Hance reported a disposition of 225 shares of Forward Air common stock on February 9, 2026, through a tax-withholding transaction at $30.23 per share tied to restricted stock vesting. After this withholding, he directly holds 86,370.4515 common shares.
Forward Air Corp’s Chief People Officer reported an insider transaction involving company common stock. On 12/12/2025, 243 shares were withheld by the issuer at $25.47 per share to satisfy minimum tax withholding obligations upon the vesting and net settlement of restricted stock. After this transaction, the officer directly beneficially owned 7,960 shares of Forward Air Corp common stock.
Forward Air Corp (FWRD) reported an insider equity transaction by its Chief Supply Chain Officer on 11/18/2025. The officer had 148 shares of common stock withheld at a price of $21.05 per share, labeled with transaction code "F", which represents shares withheld by the company to cover minimum tax obligations upon the vesting and net settlement of restricted stock. Following this tax withholding event, the officer directly beneficially owns 6,085 shares of Forward Air common stock.