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COVENANT LOGISTICS GROUP, INC. — Director's Dealing 2022
May 24, 2022
32762_dirs_2022-05-24_c385780c-2cb1-479f-9ecf-7e15a1fbf86c.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: COVENANT LOGISTICS GROUP, INC. (CVLG)
CIK: 0000928658
Period of Report: 2022-05-18
Reporting Person: Ballard Joey (EVP, People and Safety)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 7824 | Direct |
| Class A Common Stock | 17081 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) | $15.77 | 2030-11-11 | Class A Common Stock (15024) | Direct |
Footnotes
F1: Includes 7,177 shares of restricted stock subject to certain vesting, forfeiture, and termination provisions.
F2: The number of shares beneficially owned following the reported transaction is equal to the Reporting Person's May 18, 2022 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on May 18, 2022. The plan is unitized and as such does not itself allocate a specific number of shares to each participant.
F3: The option becomes exercisable, if at all, if the closing price of the issuer's Class A Common Stock exceeds a certain price per share for at least 20 consecutive trading days before December 31, 2023.