Pierson Jamie G. 4

What Happened

• Jamie G. Pierson, Chief Financial Officer of Forward Air Corp. (FWRD), was granted 5,732 shares of restricted stock on March 16, 2026. The reported acquisition price is $0.00 (award/grant), so the Form 4 shows no cash paid by the insider. This is an equity compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-16; Transaction type/code: Award/Grant (A); Report filed: 2026-03-17 (timely).
• Number of shares granted: 5,732; reported acquisition price: $0.00.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote: The award is restricted stock that vests equally on each of the first, second and third anniversaries of the grant (subject to continuous employment).
• No sale, open-market purchase, 10b5-1 plan, or tax-withholding shares were reported in this Form 4.

Context

• Restricted stock awards are a common part of executive compensation and vest over time; they do not represent an immediate purchase by the insider and should not be interpreted as an immediate bullish market signal. Vesting conditions mean the insider only gains full rights to the shares if employment continues through each vesting date.