Forward Air Corporation (FWRD) · Insider trading
What Forward Air's directors, officers and largest holders bought and sold themselves, from the Form 4 each of them files with the SEC within two business days of a trade. Open-market purchases and sales first: those are the trades somebody chose to make at the market price.
Bought, 12 months
$4.03M
1 insider, 2 trades
Sold, 12 months
$5.94M
1 insider, 0% under a plan
Net, 12 months
−$1.91M
bought less sold
Latest filing
2026-06-22
filings read to 2026-10-19
Who traded, two years
| Insider | Bought | Sold | Trades | Last trade | Holds after |
|---|---|---|---|---|---|
| Cetus Capital VI, L.P.10% owner | $4.03M | $6.58M | 9 | 2025-11-12 | 3,116,546 |
Open-market purchases and sales
Newest first. “Plan” marks a trade made under a 10b5-1 plan set up in advance.
| Date | Insider | Trade | Shares | Price | Value | Holds after | Filing |
|---|---|---|---|---|---|---|---|
| 2025-11-12 | Cetus Capital VI, L.P.10% owner | Sale | 10,000 | 22.38 | $223,800 | 3,116,546 | Form 4 |
| 2025-11-11 | Cetus Capital VI, L.P.10% owner | Sale | 67,163 | 21.71 | $1.46M | 3,126,546 | Form 4 |
| 2025-11-10 | Cetus Capital VI, L.P.10% owner | Sale | 90,000 | 21.55 | $1.94M | 3,223,709 | Form 4 |
| 2025-11-10 | Cetus Capital VI, L.P.10% owner | Sale | 30,000 | 22.66 | $679,800 | 3,193,709 | Form 4 |
| 2025-11-06 | Cetus Capital VI, L.P.10% owner | Sale | 74,716 | 21.85 | $1.63M | 3,313,993 | Form 4 |
| 2025-11-06 | Cetus Capital VI, L.P.10% owner | Sale | 284 | 22.39 | $6,359 | 3,313,709 | Form 4 |
| 2025-10-20 | Cetus Capital VI, L.P.10% owner | Buy | 215,000 | 17.89 | $3.85M | 3,378,709 | Form 4 |
| 2025-10-20 | Cetus Capital VI, L.P.10% owner | Buy | 10,000 | 18.86 | $188,600 | 3,388,709 | Form 4 |
| 2025-10-14 | Cetus Capital VI, L.P.10% owner | Sale | 30,000 | 21.42 | $642,600 | 3,063,709 | Form 4 |
Grants, exercises and other transactions
Pay, tax and paperwork rather than a choice to trade at the market price. Two years.
37 × grant or award24 × shares withheld for tax
Show them
| Date | Insider | What | Shares | Price | Holds after | Filing |
|---|---|---|---|---|---|---|
| 2026-06-18 | Gorjanc Christine MarieDirector | Grant or award A | +9,545 | – | 22,940 | Form 4 |
| 2026-06-18 | Boyles Dale WDirector | Grant or award A | +9,545 | – | 22,940 | Form 4 |
| 2026-06-18 | Svindland Paul C.Director | Grant or award A | +9,545 | – | 15,977 | Form 4 |
| 2026-04-29 | Stewart ShawnDirector, Chief Executive Officer | Shares withheld for tax F | −4,136 | 21.51 | 144,030 | Form 4 |
| 2026-03-16 | Stewart ShawnDirector, Chief Executive Officer | Grant or award A | +18,692 | – | 148,166 | Form 4 |
| 2026-03-16 | Pierson Jamie G.CFO | Grant or award A | +5,732 | – | 91,884 | Form 4 |
| 2026-03-15 | Hance Michael LCLO and Secretary | Shares withheld for tax F | −4,868 | 16.05 | 91,355 | Form 4 |
| 2026-03-15 | Hance Michael LCLO and Secretary | Shares withheld for tax F | −869 | 16.05 | 90,486 | Form 4 |
| 2026-03-15 | Osborne Timothy RExecutive VP of Operations | Shares withheld for tax F | −2,109 | 16.05 | 24,314 | Form 4 |
| 2026-03-15 | Osborne Timothy RExecutive VP of Operations | Shares withheld for tax F | −483 | 16.05 | 23,831 | Form 4 |
| 2026-02-19 | Faught James R.Chief Accounting Officer | Grant or award A | +2,340 | – | 8,314 | Form 4 |
| 2026-02-19 | Faught James R.Chief Accounting Officer | Shares withheld for tax F | −362 | 27.78 | 7,952 | Form 4 |
| 2026-02-19 | Lorrain Jerome Jean-PierreDirector, Executive Chairman | Grant or award A | +10,799 | – | 22,167 | Form 4 |
| 2026-02-19 | Herren Jessica LChief Supply Chain Officer | Grant or award A | +4,950 | – | 11,035 | Form 4 |
| 2026-02-19 | Herren Jessica LChief Supply Chain Officer | Shares withheld for tax F | −436 | 27.78 | 10,599 | Form 4 |
| 2026-02-19 | Smith Douglas JamesChief People Officer | Grant or award A | +5,850 | – | 13,810 | Form 4 |
| 2026-02-19 | Smith Douglas JamesChief People Officer | Shares withheld for tax F | −516 | 27.78 | 13,294 | Form 4 |
| 2026-02-19 | Osborne Timothy RExecutive VP of Operations | Grant or award A | +5,850 | – | 26,936 | Form 4 |
| 2026-02-19 | Osborne Timothy RExecutive VP of Operations | Shares withheld for tax F | −513 | 27.78 | 26,423 | Form 4 |
| 2026-02-19 | Brandt Eric FrederickChief Commercial Officer | Grant or award A | +8,999 | – | 17,027 | Form 4 |
| 2026-02-19 | Brandt Eric FrederickChief Commercial Officer | Shares withheld for tax F | −1,057 | 27.78 | 15,970 | Form 4 |
| 2026-02-19 | Hance Michael LCLO and Secretary | Grant or award A | +10,799 | – | 97,169 | Form 4 |
| 2026-02-19 | Hance Michael LCLO and Secretary | Shares withheld for tax F | −946 | 27.78 | 96,223 | Form 4 |
| 2026-02-19 | Pierson Jamie G.CFO | Grant or award A | +20,698 | – | 87,814 | Form 4 |
| 2026-02-19 | Pierson Jamie G.CFO | Shares withheld for tax F | −1,662 | 27.78 | 86,152 | Form 4 |
| 2026-02-19 | Stewart ShawnDirector, Chief Executive Officer | Grant or award A | +43,197 | – | 132,688 | Form 4 |
| 2026-02-19 | Stewart ShawnDirector, Chief Executive Officer | Shares withheld for tax F | −3,214 | 27.78 | 129,474 | Form 4 |
| 2026-02-09 | Hance Michael LCLO and Secretary | Shares withheld for tax F | −225 | 30.23 | 86,370 | Form 4 |
| 2026-02-09 | Osborne Timothy RExecutive VP of Operations | Shares withheld for tax F | −111 | 30.23 | 21,086 | Form 4 |
| 2025-12-12 | Smith Douglas JamesChief People Officer | Shares withheld for tax F | −243 | 25.47 | 7,960 | Form 4 |
| 2025-11-18 | Herren Jessica LChief Supply Chain Officer | Shares withheld for tax F | −148 | 21.05 | 6,085 | Form 4 |
| 2025-07-11 | Lorrain Jerome Jean-PierreDirector, Executive Chairman | Grant or award A | +7,307 | – | 11,368 | Form 4 |
| 2025-06-28 | Faught James R.Chief Accounting Officer | Shares withheld for tax F | −308 | – | 5,974 | Form 4 |
| 2025-06-13 | Anderson Charles LeonardDirector | Grant or award A | +6,432 | – | 6,883 | Form 4 |
| 2025-06-13 | Anderson Charles LeonardDirector | Grant or award A | +6,963 | – | 13,846 | Form 4 |
| 2025-06-13 | Anderson Charles LeonardDirector | Grant or award A | +6,432 | – | 6,883 | Form 4 |
| 2025-06-13 | Anderson Charles LeonardDirector | Grant or award A | +6,963 | – | 13,846 | Form 4 |
| 2025-06-13 | Edwards Robert Leon JrDirector | Grant or award A | +6,432 | – | 6,883 | Form 4 |
| 2025-06-13 | Edwards Robert Leon JrDirector | Grant or award A | +6,963 | – | 13,846 | Form 4 |
| 2025-06-13 | Edwards Robert Leon JrDirector | Grant or award A | +6,432 | – | 6,883 | Form 4 |
| 2025-06-13 | Edwards Robert Leon JrDirector | Grant or award A | +6,963 | – | 13,846 | Form 4 |
| 2025-06-13 | Boyles Dale WDirector | Grant or award A | +6,432 | – | 13,395 | Form 4 |
| 2025-06-13 | Gorjanc Christine MarieDirector | Grant or award A | +6,432 | – | 13,395 | Form 4 |
| 2025-06-13 | Hodge Michael BDirector | Grant or award A | +6,432 | – | 86,883 | Form 4 |
| 2025-06-13 | Hodge Michael BDirector | Grant or award A | +6,963 | – | 93,846 | Form 4 |
| 2025-06-13 | Svindland Paul C.Director | Grant or award A | +6,432 | – | 6,432 | Form 4 |
| 2025-05-06 | Hodge Michael BDirector | Grant or award A | +70,000 | – | 80,451 | Form 4 |
| 2025-03-15 | Hance Michael LCLO and Secretary | Shares withheld for tax F | −940 | – | 86,595 | Form 4 |
| 2025-03-15 | Tomasello Joseph MichaelChief Information Officer | Shares withheld for tax F | −678 | – | 30,131 | Form 4 |
| 2025-02-19 | Brandt Eric FrederickChief Commercial Officer | Grant or award A | +8,028 | – | 8,028 | Form 4 |
| 2025-02-19 | Hance Michael LCLO and Secretary | Grant or award A | +9,634 | – | 87,535 | Form 4 |
| 2025-02-19 | Tomasello Joseph MichaelChief Information Officer | Grant or award A | +5,218 | – | 30,809 | Form 4 |
| 2025-02-19 | Faught James R.Chief Accounting Officer | Grant or award A | +3,131 | – | 6,282 | Form 4 |
| 2025-02-19 | Smith Douglas JamesChief People Officer | Grant or award A | +5,218 | – | 8,203 | Form 4 |
| 2025-02-19 | Pierson Jamie G.CFO | Grant or award A | +18,465 | – | 67,116 | Form 4 |
| 2025-02-19 | Stewart ShawnDirector, Chief Executive Officer | Grant or award A | +38,536 | – | 89,491 | Form 4 |
| 2025-02-08 | Hance Michael LCLO and Secretary | Shares withheld for tax F | −244 | – | 77,901 | Form 4 |
| 2025-02-08 | Tomasello Joseph MichaelChief Information Officer | Shares withheld for tax F | −151 | – | 25,591 | Form 4 |
| 2025-02-07 | Hance Michael LCLO and Secretary | Shares withheld for tax F | −225 | – | 78,145 | Form 4 |
| 2025-02-07 | Tomasello Joseph MichaelChief Information Officer | Shares withheld for tax F | −139 | – | 25,742 | Form 4 |
| 2024-12-12 | Smith Douglas JamesChief People Officer | Grant or award A | +2,985 | – | 2,985 | Form 4 |
How to read it
- Buy, sale
- Code P and S on the form: shares bought or sold in the market, at the market price. The other codes are mostly pay (a grant, an option exercised) or tax (shares the company withheld), and say little about what the insider thinks of the price.
- Plan
- A sale or purchase under a Rule 10b5-1 plan, set up in advance and running on its own schedule. Since April 2023 the form has a box for it. Much executive selling is planned and says more about diversifying than about the company.
- Holds after
- The shares the insider still held after the trade, in the form the trade was in (directly, or indirectly through a trust or a fund).
- Value
- Shares times the price the form reports, which is often an average over several fills on the day.
Read from the SEC's own quarterly data sets of Forms 3, 4 and 5, and from each day's filings since the last one. A correcting amendment replaces the lines it restates. Every row links to its filing. None of this is advice: insiders sell for many reasons, and buy for fewer.