Welcome to our dedicated page for Forward Air SEC filings (Ticker: FWRD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Forward Air Corporation filings document financial results, governance actions, and proxy matters for a Delaware transportation and logistics company. Form 8-K reports furnish quarterly and annual operating results, earnings presentations, segment commentary for Expedited Freight and Omni Logistics, liquidity disclosures, and material governance events such as director changes and executive appointments.
Proxy materials describe annual meeting proposals, board elections, advisory executive compensation votes, auditor ratification, incentive compensation plan amendments, shareholder voting rights, common stock, Series B preferred stock, and director designation arrangements tied to shareholder agreements. The filings also provide formal exhibits and disclosures around the company's capital structure and public-company reporting obligations.
Forward Air Corporation is asking stockholders to vote at its 2026 Annual Meeting on June 17, 2026, in Dallas, Texas. Investors will elect five directors, approve on an advisory basis the compensation of named executive officers, ratify KPMG LLP as independent auditor for 2026, and approve an amendment to the 2025 Omnibus Incentive Compensation Plan to increase shares available for equity awards. Holders of 32,448,712 shares of common stock and 8,616,520 fractional units of Series B preferred stock as of April 21, 2026 may vote, and the Board recommends voting FOR all four proposals.
Forward Air Corp ownership disclosure amended by The Vanguard Group via Schedule 13G/A. The filing states 0 shares beneficially owned, representing 0 of the class as reported on the form; the filing notes an internal realignment at The Vanguard Group effective January 12, 2026 that led to disaggregated reporting by subsidiaries. The amendment is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.
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 Corporation outlines its 2025 annual report, highlighting a transformed, asset-light logistics platform built around three segments: Expedited Freight, Omni Logistics and Intermodal. Omni, acquired in 2024, now generates about 50% of consolidated revenue, with Expedited Freight at roughly 40% and Intermodal 10%.
The company describes a broad North American and international footprint, serving high-value, time‑sensitive freight with premium services and deep customer relationships. In January 2025, the Board launched a strategic review that may include a potential sale, merger or other transaction.
Forward Air details extensive risk factors, including cyclic freight demand, integration challenges from the Omni Acquisition, substantial indebtedness, labor and capacity constraints, IT and cybersecurity risks, regulatory exposure, and concentration among its largest customers. It also emphasizes ESG and safety programs, a 6,000+ employee workforce, and a large leased‑capacity provider network supporting its asset‑light model.
Forward Air Corporation reported mixed fourth quarter and full-year 2025 results. For 2025, operating revenue was $2.50B, with income from continuing operations of $36.4M and an operating margin of 1.5%, a sharp improvement from the prior year’s large operating loss driven by goodwill impairment.
The company still posted a net loss attributable to Forward Air of $107.8M, or $(3.51) per diluted share, but this was much smaller than the prior year’s net loss. Consolidated EBITDA was $307.1M, nearly flat versus 2024. Cash provided by operating activities improved to $44.4M for the year, and free cash flow turned positive at $17.5M.
By segment, 2025 operating revenue was $1.01B for Expedited Freight, $1.35B for Omni Logistics and $230.5M for Intermodal. In fourth quarter 2025, consolidated revenue was $631.2M and Consolidated EBITDA was $76.6M. Year-end liquidity was $367M, including $106M of cash and $261M of availability under the credit facility, against long-term debt of $1.69B.
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.