---
schema_version: "secwatch.filing_event.v1"
accession: "0001008886-24-000251"
form_type: "8-K"
ticker: "CVLG"
cik: "0000928658"
company_name: "COVENANT LOGISTICS GROUP, INC."
filed_at: "2024-06-27T23:59:59+00:00"
generated_at: "2026-06-01T01:18:15.474187+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Covenant Logistics raises base salaries and approves $4M in LTIP awards for executives

## Summary
- Base salary for M. Paul Bunn increased to $700,000; for James Grant to $425,000, effective June 24, 2024.
- LTIP target awards: David R. Parker $2.5M (cash), Bunn $1M (RSUs), Grant $500K (RSUs).
- Awards vest 25% on 3-year cumulative adjusted EPS goal, 25% on 3-year avg ROIC, 50% on service through 2027.
- Grant's bonus target raised to 70% of base salary under 2024 Executive Bonus Program.

## SEC filing metadata
- accession: 0001008886-24-000251
- form_type: 8-K
- ticker: CVLG
- cik: 0000928658
- company_name: COVENANT LOGISTICS GROUP, INC.
- filed_at: 2024-06-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/928658/000100888624000251/0001008886-24-000251-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/928658/000100888624000251/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001008886-24-000251
- JSON: https://secwatch.observer/filing/0001008886-24-000251.json
- Plain text: https://secwatch.observer/filing/0001008886-24-000251.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.