Form 4: Forward Air Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Joseph Michael Tomasello, Chief Information Officer of Forward Air Corp, disposed of shares to cover tax withholding obligations upon the vesting of restricted stock.
Summary
- Joseph Michael Tomasello, the Chief Information Officer of Forward Air Corp, filed a Form 4 indicating changes in beneficial ownership.
- On February 7, 2025, 139 shares of common stock were disposed of to cover tax obligations at a price of $0 per share, leaving him with 25,742 shares.
- On February 8, 2025, an additional 151 shares were disposed of for the same reason, leaving him with 25,591 shares.
- The transactions were related to the vesting of restricted stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance. Disposals to cover tax obligations are common when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | 139 shares of common stock disposed of to cover tax obligations. |
| 02/08/2025 | 151 shares of common stock disposed of to cover tax obligations. |
| 02/11/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Beneficial Ownership, Forward Air Corp, FWRD, Executive Compensation, Tax Withholding, Restricted Stock, Joseph Michael Tomasello, Chief Information Officer
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