AG˹ٷ

STOCK TITAN

[Form 4] Covenant Logistics Group, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Form 4 filing overview: On 07/01/2025, Director Amy Brooks acquired 220 restricted stock units (RSUs) of Block, Inc. (ticker: XYZ) under the company’s Outside Director Compensation Policy. The RSUs vested immediately and carry a grant price of $0, reflecting a compensation award rather than an open-market purchase. Following the transaction, Brooks now owns 25,963 Class A common shares directly.

No derivative securities were reported, and there were no dispositions. Because the award represents a modest increase (+0.85%) to the director’s existing holdings and does not involve cash consideration, the transaction is routine and unlikely to influence the company’s capital structure, liquidity, or market valuation.

Panoramica del deposito del Modulo 4: Il 01/07/2025, la Direttrice Amy Brooks ha acquisito 220 unità azionarie vincolate (RSU) di Block, Inc. (ticker: XYZ) secondo la Politica di Compenso per Direttori Esterni della società. Le RSU sono state assegnate immediatamente e hanno un prezzo di assegnazione pari a 0$, riflettendo un premio di compensazione e non un acquisto sul mercato aperto. Dopo questa operazione, Brooks possiede direttamente 25.963 azioni ordinarie di Classe A.

Non sono stati segnalati titoli derivati né dismissioni. Poiché il premio rappresenta un aumento modesto (+0,85%) delle partecipazioni già detenute dalla direttrice e non coinvolge un corrispettivo in denaro, la transazione è di routine e improbabile che influenzi la struttura del capitale, la liquidità o la valutazione di mercato della società.

Resumen de la presentación del Formulario 4: El 01/07/2025, la Directora Amy Brooks ܾó 220 unidades restringidas de acciones (RSUs) de Block, Inc. (símbolo: XYZ) bajo la Política de Compensación para Directores Externos de la empresa. Las RSUs se otorgaron de inmediato y tienen un precio de concesión de $0, reflejando un premio de compensación en lugar de una compra en el mercado abierto. Tras la transacción, Brooks ahora posee directamente 25,963 acciones comunes Clase A.

No se reportaron valores derivados ni disposiciones. Debido a que el premio representa un aumento modesto (+0,85%) en las participaciones existentes de la directora y no implica consideración en efectivo, la transacción es rutinaria y es poco probable que influya en la estructura de capital, liquidez o valoración de mercado de la empresa.

Form 4 제출 개요: 2025� 7� 1�, 이사 Amy Brooks� Block, Inc.(티커: XYZ)� 회사 외부 이사 보상 정책� 따라 220개의 제한 주식 단위(RSU)� 취득했습니다. RSU� 즉시 권리가 부여되었으�, 부� 가격은 0달러�, 이는 시장에서� 구매가 아닌 보상 상을 반영합니�. 거래 � Brooks� 직접 25,963주의 클래� A 보통�� 보유하게 되었습니�.

파생 증권은 보고되지 않았으며 처분� 없었습니�. � 상은 이사� 기존 보유 지분에 대� 소폭 증가(+0.85%)� 나타내며 현금 대가가 수반되지 않아, � 거래� 일상적인 것으� 회사� 자본 구조, 유동� 또는 시장 가치에 영향� 미칠 가능성은 낮습니다.

Vue d'ensemble du dépôt du formulaire 4 : Le 01/07/2025, la Directrice Amy Brooks a acquis 220 unités d’actions restreintes (RSU) de Block, Inc. (symbole : XYZ) dans le cadre de la politique de rémunération des administrateurs externes de la société. Les RSU ont été acquises immédiatement avec un prix d’attribution de 0 $, reflétant une attribution de rémunération plutôt qu’un achat sur le marché libre. Suite à cette transaction, Brooks détient désormais directement 25 963 actions ordinaires de classe A.

Aucun titre dérivé n’a été déclaré, et aucune cession n’a eu lieu. Étant donné que cette attribution représente une augmentation modeste (+0,85 %) des participations existantes de la directrice et n’implique aucune contrepartie en espèces, la transaction est de routine et est peu susceptible d’influencer la structure du capital, la liquidité ou la valorisation boursière de la société.

Übersicht der Form 4-Einreichung: Am 01.07.2025 erwarb Direktorin Amy Brooks 220 Restricted Stock Units (RSUs) von Block, Inc. (Ticker: XYZ) gemäß der Vergütungspolitik für externe Direktoren des Unternehmens. Die RSUs wurden sofort übertragen und haben einen Ausgabepreis von 0 $, was eine Vergütungszuwendung und keinen Kauf am freien Markt darstellt. Nach der Transaktion besitzt Brooks nun direkt 25.963 Stammaktien der Klasse A.

Es wurden keine Derivatwerte gemeldet, und es gab keine Veräußerungen. Da die Zuwendung eine geringe Steigerung (+0,85%) der bestehenden Beteiligungen der Direktorin darstellt und keine Barzahlung beinhaltet, ist die Transaktion routinemäßig und wird die Kapitalstruktur, Liquidität oder Marktbewertung des Unternehmens voraussichtlich nicht beeinflussen.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Small director RSU grant; routine, non-cash, neutral for investors.

The filing records a standard equity grant of 220 RSUs to Director Amy Brooks. Grants made under an outside-director plan are typically pre-scheduled and do not signal insider conviction about the share price. With post-grant ownership at 25,963 shares, the incremental value is negligible relative to Block’s public float. No sales occurred, so there is no negative supply pressure. Overall, the disclosure is neutral for valuation and liquidity.

TL;DR: Filing confirms compliance with director compensation plan; no governance red flags.

The RSU award aligns with Block’s published Outside Director Compensation Policy, indicating adherence to governance best practices. Immediate vesting is common for director grants and does not raise concern. The electronic signature by an attorney-in-fact is also routine. There are no amendments or corrections, implying accurate prior reporting.

Panoramica del deposito del Modulo 4: Il 01/07/2025, la Direttrice Amy Brooks ha acquisito 220 unità azionarie vincolate (RSU) di Block, Inc. (ticker: XYZ) secondo la Politica di Compenso per Direttori Esterni della società. Le RSU sono state assegnate immediatamente e hanno un prezzo di assegnazione pari a 0$, riflettendo un premio di compensazione e non un acquisto sul mercato aperto. Dopo questa operazione, Brooks possiede direttamente 25.963 azioni ordinarie di Classe A.

Non sono stati segnalati titoli derivati né dismissioni. Poiché il premio rappresenta un aumento modesto (+0,85%) delle partecipazioni già detenute dalla direttrice e non coinvolge un corrispettivo in denaro, la transazione è di routine e improbabile che influenzi la struttura del capitale, la liquidità o la valutazione di mercato della società.

Resumen de la presentación del Formulario 4: El 01/07/2025, la Directora Amy Brooks ܾó 220 unidades restringidas de acciones (RSUs) de Block, Inc. (símbolo: XYZ) bajo la Política de Compensación para Directores Externos de la empresa. Las RSUs se otorgaron de inmediato y tienen un precio de concesión de $0, reflejando un premio de compensación en lugar de una compra en el mercado abierto. Tras la transacción, Brooks ahora posee directamente 25,963 acciones comunes Clase A.

No se reportaron valores derivados ni disposiciones. Debido a que el premio representa un aumento modesto (+0,85%) en las participaciones existentes de la directora y no implica consideración en efectivo, la transacción es rutinaria y es poco probable que influya en la estructura de capital, liquidez o valoración de mercado de la empresa.

Form 4 제출 개요: 2025� 7� 1�, 이사 Amy Brooks� Block, Inc.(티커: XYZ)� 회사 외부 이사 보상 정책� 따라 220개의 제한 주식 단위(RSU)� 취득했습니다. RSU� 즉시 권리가 부여되었으�, 부� 가격은 0달러�, 이는 시장에서� 구매가 아닌 보상 상을 반영합니�. 거래 � Brooks� 직접 25,963주의 클래� A 보통�� 보유하게 되었습니�.

파생 증권은 보고되지 않았으며 처분� 없었습니�. � 상은 이사� 기존 보유 지분에 대� 소폭 증가(+0.85%)� 나타내며 현금 대가가 수반되지 않아, � 거래� 일상적인 것으� 회사� 자본 구조, 유동� 또는 시장 가치에 영향� 미칠 가능성은 낮습니다.

Vue d'ensemble du dépôt du formulaire 4 : Le 01/07/2025, la Directrice Amy Brooks a acquis 220 unités d’actions restreintes (RSU) de Block, Inc. (symbole : XYZ) dans le cadre de la politique de rémunération des administrateurs externes de la société. Les RSU ont été acquises immédiatement avec un prix d’attribution de 0 $, reflétant une attribution de rémunération plutôt qu’un achat sur le marché libre. Suite à cette transaction, Brooks détient désormais directement 25 963 actions ordinaires de classe A.

Aucun titre dérivé n’a été déclaré, et aucune cession n’a eu lieu. Étant donné que cette attribution représente une augmentation modeste (+0,85 %) des participations existantes de la directrice et n’implique aucune contrepartie en espèces, la transaction est de routine et est peu susceptible d’influencer la structure du capital, la liquidité ou la valorisation boursière de la société.

Übersicht der Form 4-Einreichung: Am 01.07.2025 erwarb Direktorin Amy Brooks 220 Restricted Stock Units (RSUs) von Block, Inc. (Ticker: XYZ) gemäß der Vergütungspolitik für externe Direktoren des Unternehmens. Die RSUs wurden sofort übertragen und haben einen Ausgabepreis von 0 $, was eine Vergütungszuwendung und keinen Kauf am freien Markt darstellt. Nach der Transaktion besitzt Brooks nun direkt 25.963 Stammaktien der Klasse A.

Es wurden keine Derivatwerte gemeldet, und es gab keine Veräußerungen. Da die Zuwendung eine geringe Steigerung (+0,85%) der bestehenden Beteiligungen der Direktorin darstellt und keine Barzahlung beinhaltet, ist die Transaktion routinemäßig und wird die Kapitalstruktur, Liquidität oder Marktbewertung des Unternehmens voraussichtlich nicht beeinflussen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Ballard Joey

(Last) (First) (Middle)
400 BIRMINGHAM HIGHWAY

(Street)
CHATTANOOGA TN 37419

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
COVENANT LOGISTICS GROUP, INC. [ CVLG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, Chief People & Safety Off
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 07/01/2025 M 2,114 A (1) 32,514 D
Class A Common Stock 07/01/2025 F(2) 832(2) D $25.23 31,682 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 07/01/2025 M 2,114(3) (4) (4) Class A Common Stock 2,114(3) $0 4,228(3) D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents the previously granted contingent right to receive one share of Class A common stock.
2. Represents the number of shares deemed withheld to satisfy tax withholding obligations upon vesting of RSUs previously granted to the Reporting Person.
3. On December 31, 2024, the Issuer executed a two-for-one stock split, effected in the form of a stock dividend on each share of the Issuer's Class A common stock and Class B common stock.
4. Represents RSUs previously granted under the Third Amended and Restated 2006 Omnibus Incentive Plan, as amended. The RSUs vest in three equal annual installments beginning July 1, 2025, subject to certain vesting, forfeiture, and termination provisions.
/s/ Joey Ballard, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 07/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
Covenant Logistics Group Inc

NYSE:CVLG

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632.30M
16.12M
26.07%
67.52%
0.39%
Trucking
Trucking (no Local)
United States
CHATTANOOGA