Form 4: Forward Air Corp Director Carlock Receives Stock Award Upon Resignation
SEC Form 4 Filing
Director Craig Carlock receives 6,963 shares of Forward Air Corp stock upon resignation, settling his Annual Compensation Award.
Summary
- Craig Carlock, a director of Forward Air Corp, received 6,963 shares of common stock on October 15, 2024.
- The shares were awarded in settlement of his Annual Compensation Award, which was granted on June 4, 2024.
- The Board of Directors accelerated the vesting of the award and settled it in common stock instead of cash due to Mr. Carlock's resignation.
- Following the transaction, Mr. Carlock beneficially owns 23,513 shares of Forward Air Corp.
- The shares were issued under the Forward Air Corporation Amended and Restated Non-Employee Director Stock Plan and are exempt from Section 16(b) under Rule 16b-3.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard transaction related to executive compensation and resignation.
Industry Context
This announcement reflects standard executive compensation practices and reporting requirements related to changes in beneficial ownership of company stock.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director | Craig Carlock | N/A | Resignation |
Stakeholder Impact
- Shareholders may be interested in changes to director ownership.
- Employees may be interested in the details of executive compensation.
Key Dates
| Date | Description |
|---|---|
| June 4, 2024 | Date of the Annual Compensation Award grant. |
| October 15, 2024 | Date of the stock award transaction. |
| October 17, 2024 | Date of the Form 4 filing. |
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