Form 4: Forward Air Corp Executive Michael L. Hance Reports Stock Disposals to Cover Tax Obligations

Michael L. Hance, CLO and Secretary of Forward Air Corp, reports disposing of shares to cover tax withholding obligations upon vesting of restricted stock.

Summary

• On February 7, 2025, Michael L. Hance, CLO and Secretary of Forward Air Corp, disposed of 225 shares of common stock to satisfy tax obligations.
• The shares were withheld by the issuer to cover minimum tax withholding upon the vesting of restricted stock.
• The transaction price is listed as $0.
• Following the transaction, Hance directly owns 78,145.4515 shares of common stock.
• On February 8, 2025, Michael L. Hance, CLO and Secretary of Forward Air Corp, disposed of 244 shares of common stock to satisfy tax obligations.
• The shares were withheld by the issuer to cover minimum tax withholding upon the vesting of restricted stock.
• The transaction price is listed as $0.
• Following the transaction, Hance directly owns 77,901.4515 shares of common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to tax obligations, so it has a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates routine tax-related stock disposals, which are common when restricted stock vests.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Disposal, Tax Withholding, Restricted Stock, FWRD, Forward Air Corp, Michael L. Hance, CLO, Secretary