Form 4: Forward Air Corp Director Hodge Exchanges Class B Units for Common Stock
SEC Form 4
Director Michael B. Hodge exchanged 70,000 Class B Units of Forward Air Corp for 70,000 shares of common stock on May 6, 2025.
Summary
- On May 6, 2025, Michael B. Hodge, a director of Forward Air Corp, exchanged 70,000 Class B Units for 70,000 shares of common stock.
- The exchange was on a one-for-one basis.
- Following the transaction, Hodge directly owns 80,451 shares of common stock.
- Hodge also directly owns 490,774 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It simply reports a transaction.
Industry Context
This filing is a routine disclosure of a transaction by a company insider, providing transparency to the market regarding their holdings and activities.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
- The exchange of Class B Units for common stock has a negligible impact on the company's operations.
Key Dates
| Date | Description |
|---|---|
| 05/06/2025 | Date of transaction: Michael B. Hodge exchanged Class B Units for common stock. |
| 05/08/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Director, Michael B. Hodge, Forward Air Corp, FWRD, Class B Units, Common Stock, Exchange
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