secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2025-07-14T23:59:59+00:00
Accession:  0001628280-25-034880
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828025034880/0001628280-25-034880-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828025034880/fwrd-20250711.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-034880

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer