Form 4: Covenant Logistics EVP Sells Shares for Tax Obligations
Insider Transaction Report
Covenant Logistics Group's EVP, Joey Ballard, disposed of 1,017 shares of Class A Common Stock to cover tax withholding obligations related to restricted stock vesting.
Summary
- Joey Ballard, Executive Vice President, Chief People & Safety Officer of Covenant Logistics Group, Inc. (CVLG), reported a transaction.
- On December 31, 2025, Ballard disposed of 1,017 shares of Class A Common Stock.
- The shares were disposed of at a price of $22.04 per share.
- This transaction was to satisfy tax withholding obligations upon the vesting of previously granted restricted stock.
- Following this transaction, Ballard beneficially owns 30,665 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary event for tax purposes related to restricted stock vesting, indicating a neutral sentiment.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine insider transaction related to executive compensation and tax obligations, and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine tax-related transaction for an executive's compensation.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | Date of transaction where shares were disposed of for tax withholding. |
| 01/05/2026 | Date the Statement of Changes in Beneficial Ownership was signed. |
Keywords
Covenant Logistics Group, CVLG, Joey Ballard, SEC Form 4, Insider Transaction, Restricted Stock Vesting, Tax Withholding, Class A Common Stock
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