Form 4: Forward Air Chief Accounting Officer Disposes of Shares for Tax Withholding

James R. Faught, Chief Accounting Officer of Forward Air Corp, disposed of 308 shares of common stock to cover tax withholding obligations related to restricted stock vesting.

Summary

• James R. Faught, the Chief Accounting Officer of Forward Air Corp (FWRD), disposed of 308 shares of common stock.
• This transaction occurred on June 28, 2025, and was reported on July 2, 2025.
• The shares were withheld by Forward Air Corp to satisfy minimum tax withholding obligations upon the vesting of restricted stock.
• Following this transaction, James R. Faught directly beneficially owns 5,974 shares of common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding upon restricted stock vesting, which is a neutral event and does not indicate positive or negative sentiment about the company's performance or outlook.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, which does not reflect broader industry trends in the logistics or transportation sector.

Stakeholder Impact

• The transaction has minimal direct impact on shareholders as it represents a routine tax-related disposition of a small number of shares by an executive, not a sale for personal liquidity or a change in company strategy.

Key Dates

Keywords

Forward Air Corp, FWRD, James R. Faught, Chief Accounting Officer, SEC Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Common Stock