FORWARD AIR CORP — Director's Dealing 2025

Jun 18, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2025-06-13

Reporting Person: HODGE MICHAEL B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-06-13	Common Stock	A	6432	—	Acquired	86883	Direct
2025-06-13	Common Stock	A	6963	—	Acquired	93846	Direct

Footnotes

F1: Represents restricted stock awarded under the Forward Air Corporation 2025 Non-Employee Director Stock Plan in a transaction exempt from Section 16(b) under Rule 16b-3. The stock fully vests on the earlier of (a) the day immediately prior to Forward Air Corporation's 2026 Annual Meeting of Shareholders or (b) the first anniversary of the grant date.

F2: On June 13, 2025, the board of directors of Forward Air Corporation determined to issue shares of common stock pursuant to the reporting person's Non-Employee Director Annual Compensation Agreement, as amended.