Covenant Logistics declares 2-for-1 stock split; approves 2025 executive bonus targets

COVENANT LOGISTICS GROUP, INC.

2-for-1 stock split: record date Dec 20, 2024, distribution Dec 31, 2024; split-adjusted trading begins Jan 2, 2025.
Each holder of Class A and Class B common stock receives one additional share per share held; no change in rights.
2025 bonus targets: CEO David Parker and COO M. Paul Bunn each 100% of base salary; CFO James Grant 70%.
Executives eligible for up to 150% of target based on adjusted EPS goals; 25% based on strategic equipment, safety, IT projects.
Stock dividend does not affect voting or other stockholder rights.

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