Forward Air Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:FA2 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
25 Aug 23	Buy€92,813	Chris Ruble	Individual	1,433.17	€64.76
25 Aug 23	Buy€69,627	Kyle Mitchin	Individual	1,093	€63.70
22 Aug 23	Buy€18,766	Nancee Ronning	Individual	315	€59.57
18 Aug 23	Buy€95,393	R. Carlock	Individual	1,600	€59.62
18 Aug 23	Buy€23,446	Kyle Mitchin	Individual	397.68	€58.96
18 Aug 23	Buy€295,757	C. Campbell	Individual	5,000	€59.15
18 Aug 23	Buy€29,424	George Mayes	Individual	500	€58.85
18 Aug 23	Buy€29,093	George Lynch	Individual	500	€58.19
18 Aug 23	Buy€59,391	Javier Polit	Individual	1,000	€59.39
17 Aug 23	Buy€925,124	Thomas Schmitt	Individual	16,050	€57.64
17 Aug 23	Buy€93,783	Chitra Nayak	Individual	1,600	€58.61
17 Aug 23	Buy€117,781	Ronald Allen	Individual	2,000	€58.89
17 Aug 23	Buy€225,155	Laurie Tucker	Individual	4,000	€56.29
17 Aug 23	Buy€22,917	Michael Hance	Individual	411	€55.76

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of FA2?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	11,723	0.0445%
State or Government	15,894	0.0603%
Individual Insiders	425,978	1.62%
General Public	504,130	1.91%
Institutions	25,412,645	96.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 72.28% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
15.6%	BlackRock, Inc.	4,100,572	€79.1m	3.87%	no data
11.3%	The Vanguard Group, Inc.	2,982,873	€57.5m	2.17%	no data
4.28%	Silvercrest Asset Management Group LLC	1,129,531	€21.8m	-8.82%	0.17%
4.08%	State Street Global Advisors, Inc.	1,075,816	€20.7m	7.24%	no data
3.55%	Morgan Stanley, Investment Banking and Brokerage Investments	935,177	€18.0m	50.9%	no data
3.05%	Dimensional Fund Advisors LP	803,393	€15.5m	3.28%	no data
2.65%	Ridgemont Partners Management, LLC	699,707	€13.5m	0%	4.48%
2.61%	Norges Bank Investment Management	688,425	€13.3m	117%	no data
2.56%	ClearBridge Investments, LLC	676,018	€13.0m	0.69%	0.01%
2.45%	Pacer Advisors, Inc.	645,931	€12.5m	46%	0.04%
2.31%	Geode Capital Management, LLC	609,008	€11.7m	3.99%	no data
2.27%	Eaton Vance Management	599,637	€11.6m	0%	no data
1.74%	Millennium Management LLC	459,498	€8.9m	61.9%	0.01%
1.69%	Jacobs Levy Equity Management Inc	445,451	€8.6m	9.87%	0.05%
1.57%	Northern Trust Global Investments	414,535	€8.0m	-5.87%	no data
1.56%	Schroder Investment Management North America Inc.	410,664	€7.9m	23.4%	0.03%
1.47%	P. Schoenfeld Asset Management LP	387,348	€7.5m	28.7%	2.84%
1.35%	Charles Schwab Investment Management, Inc.	356,921	€6.9m	0%	no data
1.35%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	356,023	€6.9m	42.4%	no data
1.22%	BNY Mellon Asset Management	322,451	€6.2m	16.9%	no data
0.82%	FMR LLC	215,724	€4.2m	-11.2%	no data
0.79%	ExodusPoint Capital Management, LP	207,826	€4.0m	1,380%	0.05%
0.74%	Principal Global Investors, LLC	194,577	€3.8m	37.7%	no data
0.66%	Penn Capital Management Company, LLC	174,172	€3.4m	27.7%	0.34%
0.65%	Point72 Asset Management, L.P.	170,420	€3.3m	296%	0.01%