Form 4: Forward Air Corp CFO Rebecca Garbrick Reports Stock Transactions
SEC Form 4 Filing
CFO Rebecca Garbrick reports the withholding of shares to cover tax obligations and the acquisition of restricted stock.
Summary
- Rebecca Garbrick, CFO of Forward Air Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 4, 2024, 102 shares of common stock were withheld to cover tax obligations.
- On February 7, 2024, 210 shares of common stock were withheld to cover tax obligations.
- On February 8, 2024, 231 shares of common stock were withheld to cover tax obligations.
- On March 15, 2024, Garbrick acquired 9,818 shares of restricted stock.
- As of the latest transactions, Garbrick beneficially owns 14,424 shares of Forward Air Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports routine stock transactions. The acquisition of restricted stock is a mildly positive signal.
Positives
- The acquisition of 9,818 restricted shares by the CFO indicates confidence in the company's future performance.
Future Outlook
The restricted stock vests in equal installments on March 15, 2025, March 15, 2026, and March 15, 2027.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 02/04/2024 | 102 shares withheld for tax obligations. |
| 02/07/2024 | 210 shares withheld for tax obligations. |
| 02/08/2024 | 231 shares withheld for tax obligations. |
| 03/15/2024 | Acquisition of 9,818 restricted shares. |
| 03/15/2025 | First vesting date for restricted stock. |
| 03/15/2026 | Second vesting date for restricted stock. |
| 03/15/2027 | Third vesting date for restricted stock. |
| 03/29/2024 | Date of Form 4 filing. |
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