Forward Air Ownership

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

Recent Insider Transactions

NasdaqGS:FWRD Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
25 Aug 23	BuyUS$99,992	Chris Ruble	Individual	1,433.17	US$69.77
25 Aug 23	BuyUS$75,013	Kyle Mitchin	Individual	1,093	US$68.63
22 Aug 23	BuyUS$20,365	Nancee Ronning	Individual	315	US$64.65
18 Aug 23	BuyUS$103,744	R. Carlock	Individual	1,600	US$64.84
18 Aug 23	BuyUS$25,499	Kyle Mitchin	Individual	397.68	US$64.12
18 Aug 23	BuyUS$321,650	C. Campbell	Individual	5,000	US$64.33
18 Aug 23	BuyUS$32,000	George Mayes	Individual	500	US$64.00
18 Aug 23	BuyUS$31,640	George Lynch	Individual	500	US$63.28
18 Aug 23	BuyUS$64,590	Javier Polit	Individual	1,000	US$64.59
17 Aug 23	BuyUS$1,006,335	Thomas Schmitt	Individual	16,050	US$62.70
17 Aug 23	BuyUS$102,016	Chitra Nayak	Individual	1,600	US$63.76
17 Aug 23	BuyUS$128,120	Ronald Allen	Individual	2,000	US$64.06
17 Aug 23	BuyUS$244,920	Laurie Tucker	Individual	4,000	US$61.23
17 Aug 23	BuyUS$24,929	Michael Hance	Individual	411	US$60.66

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 FWRD?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	11,718	0.0443%
State or Government	15,894	0.0601%
Individual Insiders	375,023	1.42%
Institutions	26,044,025	98.5%

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

Top Shareholders

Top 25 shareholders own 73.37% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
15.6%	BlackRock, Inc.	4,100,572	US$93.3m	3.87%	no data
11.3%	The Vanguard Group, Inc.	2,982,873	US$67.9m	2.17%	no data
4.28%	Silvercrest Asset Management Group LLC	1,129,531	US$25.7m	-8.82%	0.2%
4.08%	State Street Global Advisors, Inc.	1,075,816	US$24.5m	7.24%	no data
3.55%	Morgan Stanley, Investment Banking and Brokerage Investments	935,177	US$21.3m	50.9%	no data
3.05%	Dimensional Fund Advisors LP	803,393	US$18.3m	3.28%	no data
2.65%	Ridgemont Partners Management, LLC	699,707	US$15.9m	0%	5.14%
2.61%	Norges Bank Investment Management	688,425	US$15.7m	117%	no data
2.56%	ClearBridge Investments, LLC	676,018	US$15.4m	0.69%	0.01%
2.45%	Pacer Advisors, Inc.	645,931	US$14.7m	46%	0.05%
2.31%	Geode Capital Management, LLC	609,008	US$13.9m	3.99%	no data
2.27%	Eaton Vance Management	599,637	US$13.6m	1.12%	no data
1.74%	Millennium Management LLC	459,498	US$10.5m	61.9%	0.01%
1.69%	Jacobs Levy Equity Management Inc	445,451	US$10.1m	9.87%	0.05%
1.57%	Northern Trust Global Investments	414,535	US$9.4m	-5.87%	no data
1.56%	Schroder Investment Management North America Inc.	410,664	US$9.3m	23.4%	0.03%
1.51%	River Road Asset Management, LLC	398,619	US$9.1m	-1.26%	0.13%
1.47%	P. Schoenfeld Asset Management LP	387,348	US$8.8m	28.7%	3.36%
1.35%	Charles Schwab Investment Management, Inc.	356,921	US$8.1m	0%	no data
1.35%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	356,023	US$8.1m	42.4%	no data
1.14%	Boston Trust Walden Company	299,755	US$6.8m	0.91%	0.06%
1.05%	BNY Mellon Asset Management	275,832	US$6.3m	7.36%	no data
0.82%	FMR LLC	215,724	US$4.9m	-11.2%	no data
0.79%	ExodusPoint Capital Management, LP	207,826	US$4.7m	1,380%	0.06%
0.66%	Penn Capital Management Company, LLC	174,172	US$4.0m	27.7%	0.41%