FWRD
Forward Air Corporation
NASDAQ: FWRD · INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS
$17.87
+1.88% today
Updated 2026-10-29
Market cap
$532.39M
P/E ratio
—
P/S ratio
0.21x
EPS (TTM)
$-9.21
Dividend yield
—
52W range
$8 – $31
Volume
0.5M
Forward Air Corporation (FWRD) Insider transactions
Net insider activity
Net buying (2,350,001 shares)
Buy transactions
62
Sell transactions
38
All transactions
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 2026-06-18 | SVINDLAND, PAUL C. | Director | Buy | 9,545 | — | — |
| 2026-06-18 | GORJANC, CHRISTINE MARIE | Director | Buy | 9,545 | — | — |
| 2026-06-18 | BOYLES, DALE W | Director | Buy | 9,545 | — | — |
| 2026-04-29 | STEWART, SHAWN | Director, Chief Executive Officer | Sale | 4,136 | $21.51 | $88965.36 |
| 2026-03-16 | STEWART, SHAWN | Director, Chief Executive Officer | Buy | 18,692 | — | — |
| 2026-03-16 | PIERSON, JAMIE G. | CFO | Buy | 5,732 | — | — |
| 2026-03-15 | OSBORNE, TIMOTHY R | Executive VP of Operations | Sale | 2,109 | $16.05 | $33849.45 |
| 2026-03-15 | OSBORNE, TIMOTHY R | Executive VP of Operations | Sale | 483 | $16.05 | $7752.15 |
| 2026-03-15 | HANCE, MICHAEL L | CLO and Secretary | Sale | 4,868 | $16.05 | $78131.40 |
| 2026-03-15 | HANCE, MICHAEL L | CLO and Secretary | Sale | 869 | $16.05 | $13947.45 |
| 2026-02-19 | STEWART, SHAWN | Director, Chief Executive Officer | Buy | 43,197 | — | — |
| 2026-02-19 | STEWART, SHAWN | Director, Chief Executive Officer | Sale | 3,214 | $27.78 | $89284.92 |
| 2026-02-19 | SMITH, DOUGLAS JAMES | Chief People Officer | Buy | 5,850 | — | — |
| 2026-02-19 | SMITH, DOUGLAS JAMES | Chief People Officer | Sale | 516 | $27.78 | $14334.48 |
| 2026-02-19 | PIERSON, JAMIE G. | CFO | Buy | 20,698 | — | — |
| 2026-02-19 | PIERSON, JAMIE G. | CFO | Sale | 1,662 | $27.78 | $46170.36 |
| 2026-02-19 | OSBORNE, TIMOTHY R | Executive VP of Operations | Buy | 5,850 | — | — |
| 2026-02-19 | OSBORNE, TIMOTHY R | Executive VP of Operations | Sale | 513 | $27.78 | $14251.14 |
| 2026-02-19 | LORRAIN, JEROME JEAN-PIERRE | Director, Executive Chairman | Buy | 10,799 | — | — |
| 2026-02-19 | HERREN, JESSICA L | Chief Supply Chain Officer | Buy | 4,950 | — | — |
| 2026-02-19 | HERREN, JESSICA L | Chief Supply Chain Officer | Sale | 436 | $27.78 | $12112.08 |
| 2026-02-19 | HANCE, MICHAEL L | CLO and Secretary | Buy | 10,799 | — | — |
| 2026-02-19 | HANCE, MICHAEL L | CLO and Secretary | Sale | 946 | $27.78 | $26279.88 |
| 2026-02-19 | FAUGHT, JAMES R. | Chief Accounting Officer | Buy | 2,340 | — | — |
| 2026-02-19 | FAUGHT, JAMES R. | Chief Accounting Officer | Sale | 362 | $27.78 | $10056.36 |
| 2026-02-19 | BRANDT, ERIC FREDERICK | Chief Commercial Officer | Buy | 8,999 | — | — |
| 2026-02-19 | BRANDT, ERIC FREDERICK | Chief Commercial Officer | Sale | 1,057 | $27.78 | $29363.46 |
| 2026-02-09 | OSBORNE, TIMOTHY R | Executive VP of Operations | Sale | 111 | $30.23 | $3355.53 |
| 2026-02-09 | HANCE, MICHAEL L | CLO and Secretary | Sale | 225 | $30.23 | $6801.75 |
| 2025-12-12 | SMITH, DOUGLAS JAMES | Chief People Officer | Sale | 243 | $25.47 | $6189.21 |
| 2025-11-18 | HERREN, JESSICA L | Chief Supply Chain Officer | Sale | 148 | $21.05 | $3115.40 |
| 2025-11-12 | CETUS, CAPITAL VI, L.P. | 10% Owner | Sale | 10,000 | $22.38 | $223800.00 |
| 2025-11-11 | CETUS, CAPITAL VI, L.P. | 10% Owner | Sale | 67,163 | $21.71 | $1.46M |
| 2025-11-10 | CETUS, CAPITAL VI, L.P. | 10% Owner | Sale | 90,000 | $21.55 | $1.94M |
| 2025-11-10 | CETUS, CAPITAL VI, L.P. | 10% Owner | Sale | 30,000 | $22.66 | $679800.00 |
| 2025-11-06 | CETUS, CAPITAL VI, L.P. | 10% Owner | Sale | 74,716 | $21.85 | $1.63M |
| 2025-11-06 | CETUS, CAPITAL VI, L.P. | 10% Owner | Sale | 284 | $22.39 | $6358.76 |
| 2025-10-20 | CETUS, CAPITAL VI, L.P. | 10% Owner | Buy | 215,000 | $17.89 | $3.85M |
| 2025-10-20 | CETUS, CAPITAL VI, L.P. | 10% Owner | Buy | 10,000 | $18.86 | $188600.00 |
| 2025-10-14 | CETUS, CAPITAL VI, L.P. | 10% Owner | Sale | 30,000 | $21.42 | $642600.00 |
| 2025-07-11 | LORRAIN, JEROME JEAN-PIERRE | Director, Executive Chairman | Buy | 7,307 | — | — |
| 2025-06-28 | FAUGHT, JAMES R. | Chief Accounting Officer | Sale | 308 | — | — |
| 2025-06-13 | SVINDLAND, PAUL C. | Director | Buy | 6,432 | — | — |
| 2025-06-13 | HODGE, MICHAEL B | Director | Buy | 6,963 | — | — |
| 2025-06-13 | HODGE, MICHAEL B | Director | Buy | 6,432 | — | — |
| 2025-06-13 | GORJANC, CHRISTINE MARIE | Director | Buy | 6,432 | — | — |
| 2025-06-13 | EDWARDS, ROBERT LEON JR | Director | Buy | 6,963 | — | — |
| 2025-06-13 | EDWARDS, ROBERT LEON JR | Director | Buy | 6,432 | — | — |
| 2025-06-13 | BOYLES, DALE W | Director | Buy | 6,432 | — | — |
| 2025-06-13 | ANDERSON, CHARLES LEONARD | Director | Buy | 6,963 | — | — |
| 2025-06-13 | ANDERSON, CHARLES LEONARD | Director | Buy | 6,432 | — | — |
| 2025-05-06 | HODGE, MICHAEL B | Director | Buy | 70,000 | — | — |
| 2025-05-06 | HODGE, MICHAEL B | Director | Sale | 70,000 | — | — |
| 2025-03-15 | TOMASELLO, JOSEPH MICHAEL | Chief Information Officer | Sale | 678 | — | — |
| 2025-03-15 | HANCE, MICHAEL L | CLO and Secretary | Sale | 940 | — | — |
| 2025-02-19 | TOMASELLO, JOSEPH MICHAEL | Chief Information Officer | Buy | 5,218 | — | — |
| 2025-02-19 | STEWART, SHAWN | Director, Chief Executive Officer | Buy | 38,536 | — | — |
| 2025-02-19 | SMITH, DOUGLAS JAMES | Chief People Officer | Buy | 5,218 | — | — |
| 2025-02-19 | PIERSON, JAMIE G. | CFO | Buy | 18,465 | — | — |
| 2025-02-19 | HANCE, MICHAEL L | CLO and Secretary | Buy | 9,634 | — | — |
| 2025-02-19 | FAUGHT, JAMES R. | Chief Accounting Officer | Buy | 3,131 | — | — |
| 2025-02-19 | BRANDT, ERIC FREDERICK | Chief Commercial Officer | Buy | 8,028 | — | — |
| 2025-02-08 | TOMASELLO, JOSEPH MICHAEL | Chief Information Officer | Sale | 151 | — | — |
| 2025-02-08 | HANCE, MICHAEL L | CLO and Secretary | Sale | 244 | — | — |
| 2025-02-07 | TOMASELLO, JOSEPH MICHAEL | Chief Information Officer | Sale | 139 | — | — |
| 2025-02-07 | HANCE, MICHAEL L | CLO and Secretary | Sale | 225 | — | — |
| 2024-12-12 | SMITH, DOUGLAS JAMES | Chief People Officer | Buy | 2,985 | — | — |
| 2024-10-30 | HODGE, MICHAEL B | Director | Sale | 991,945 | — | — |
| 2024-10-30 | HODGE, MICHAEL B | Director | Buy | 560,774 | — | — |
| 2024-10-30 | HODGE, MICHAEL B | Director | Sale | 991,945 | — | — |
| 2024-10-30 | HODGE, MICHAEL B | Director | Buy | 560,774 | — | — |
| 2024-10-15 | CARLOCK, CRAIG | Director | Buy | 6,963 | — | — |
| 2024-10-01 | LORRAIN, JEROME JEAN-PIERRE | Director | Buy | 4,061 | — | — |
| 2024-08-02 | RIDGEMONT, EQUITY MANAGEMENT III, LLC | Director, 10% Owner | Buy | 1,993,623 | — | — |
| 2024-08-02 | RIDGEMONT, EQUITY MANAGEMENT III, LLC | Director, 10% Owner | Buy | 24,920 | — | — |
| 2024-08-02 | RIDGEMONT, EQUITY MANAGEMENT III, LLC | Director, 10% Owner | Buy | 613,829 | — | — |
| 2024-08-02 | RIDGEMONT, EQUITY MANAGEMENT III, LLC | Director, 10% Owner | Buy | 420,229 | — | — |
| 2024-08-02 | RIDGEMONT, EQUITY MANAGEMENT III, LLC | Director, 10% Owner | Buy | 175,948 | — | — |
| 2024-08-02 | HODGE, MICHAEL B | Director | Buy | 577,814 | — | — |
| 2024-08-02 | HODGE, MICHAEL B | Director | Buy | 577,814 | — | — |
| 2024-07-09 | HODGE, MICHAEL B | Director | Buy | 37,678 | — | — |
| 2024-07-09 | HODGE, MICHAEL B | Director | Buy | 21,788 | — | — |
| 2024-07-09 | HODGE, MICHAEL B | Director | Buy | 21,788 | — | — |
| 2024-07-03 | PIERSON, JAMIE G. | CFO | Buy | 25,707 | — | — |
| 2024-07-03 | PIERSON, JAMIE G. | CFO | Buy | 19,444 | — | — |
| 2024-06-28 | FAUGHT, JAMES R. | Chief Accounting Officer | Buy | 3,151 | — | — |
| 2024-06-04 | GORJANC, CHRISTINE MARIE | Director | Buy | 6,963 | — | — |
| 2024-06-04 | BOYLES, DALE W | Director | Buy | 6,963 | — | — |
| 2024-05-31 | HODGE, MICHAEL B | Director | Sale | 796,944 | — | — |
| 2024-05-31 | HODGE, MICHAEL B | Director | Sale | 460,871 | — | — |
| 2024-05-31 | HODGE, MICHAEL B | Director | Sale | 460,871 | — | — |
| 2024-05-22 | HODGE, MICHAEL B | Director | Buy | 46,916 | — | — |
| 2024-05-22 | HODGE, MICHAEL B | Director | Buy | 27,128 | — | — |
| 2024-05-22 | HODGE, MICHAEL B | Director | Buy | 27,128 | — | — |
| 2024-04-29 | STEWART, SHAWN | Director, Chief Executive Officer | Buy | 50,955 | — | — |
| 2024-03-15 | TOMASELLO, JOSEPH MICHAEL | Chief Information Officer | Buy | 9,996 | — | — |
| 2024-03-15 | TOMASELLO, JOSEPH MICHAEL | Chief Information Officer | Buy | 5,801 | — | — |
| 2024-03-15 | TOMASELLO, JOSEPH MICHAEL | Chief Information Officer | Buy | 1,506 | — | — |
| 2024-03-15 | TOMASELLO, JOSEPH MICHAEL | Chief Information Officer | Buy | 567 | — | — |
| 2024-03-15 | TOMASELLO, JOSEPH MICHAEL | Chief Information Officer | Sale | 449 | — | — |
Frequently asked questions
Are FWRD insiders buying or selling?
Over the transactions on record, FWRD insiders have been net buyers, with about $7.07M in stock sold across 38 sales, against 2 open-market purchases.
Does insider selling at FWRD mean the stock will fall?
Not by itself. Most executive selling is pre-scheduled through 10b5-1 plans filed months in advance, and insiders sell for diversification, taxes, and liquidity far more often than out of any view on the price. Insider buying is the stronger signal, especially when several insiders buy around the same time, because there is usually only one reason to put personal cash into the stock.
Which FWRD insiders are selling the most?
Recent selling is concentrated in a few names. CETUS, CAPITAL VI, L.P. accounts for the largest share on record, with about $6.58M sold. Selling by one or two individuals matters less than broad selling across the whole leadership team, which is the pattern worth watching.