Jerome Lorrain appointed Executive Chairman of Forward Air; $450k salary plus equity awards

FORWARD AIR CORP

Jerome Lorrain named Executive Chairman; base salary $450,000 annually; no 2025 cash bonus.
Sign-on equity award of $500,000 (60% performance shares, 40% time-based RSUs vesting over 3 years).
Special grant of 25,000 performance-based restricted shares tied to strategic review milestones.
Starting in 2026, eligible for annual LTIP of at least $750,000 in similar equity mix.

item 5.02item 9.01

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