Forward Air Corporation (FWRD) has 20 known insider and institutional holders on record. The largest holder is Cetus Capital VI, L.P. with 3,093,709 shares. Other notable holders include CLEARLAKE CAPITAL GROUP, L.P. and Stewart Shawn.
Over the last 12 months, insiders have made 37 transactions in FWRD stock — 12 buys (valued at $3.85M) and 5 sells (valued at $3.01M). Insider buying has outpaced selling during this period, which may signal confidence in the company's prospects.
FWRD Insider Ownership
Top Holder
Cetus Capital VI, L.P.
3,093,709 shares
Buys (12 mo)
12
$3.85M value
Sells (12 mo)
5
$3.01M value
12-Month Transaction Activity
Top Insider Holders
| # |
Name |
Role |
Shares Owned |
Last Filed |
Relative Size |
| 1 |
Cetus Capital Vi, L.p. |
10 Percent Owner |
3,093,709 |
2026-02-17 |
|
| 2 |
Clearlake Capital Group, L.p. |
10 Percent Owner |
1,133,323 |
2024-08-14 |
|
| 3 |
Stewart Shawn |
Chief Executive Officer |
148,166 |
2026-03-17 |
|
| 4 |
Pierson Jamie G. |
CFO |
91,884 |
2026-03-17 |
|
| 5 |
Hance Michael L |
CLO and Secretary |
90,486 |
2026-03-17 |
|
| 6 |
Hodge Michael B |
Director |
86,883 |
2025-06-17 |
|
| 7 |
Campbell Bruce A |
Chairman |
83,212 |
2019-03-19 |
|
| 8 |
Schmitt Thomas |
President & CEO |
72,927 |
2024-04-01 |
|
| 9 |
Ruble Chris C |
Chief Operating Officer |
59,159 |
2024-04-01 |
|
| 10 |
Bell Rodney L |
Officer |
52,885 |
2016-12-09 |
|
| 11 |
Ridgemont Equity Management Iii, Llc |
10 Percent Owner |
39,330 |
2024-08-12 |
|
| 12 |
Adelaar Glenn A |
Officer |
39,093 |
2019-07-03 |
|
| 13 |
Mitchin Kyle R |
Chief People Officer |
36,699 |
2024-04-01 |
|
| 14 |
Langley C John Jr |
Director |
31,078 |
2020-05-14 |
|
| 15 |
Tomasello Joseph Michael |
Chief Information Officer |
30,131 |
2025-03-18 |
|
| 16 |
Morris Michael Joseph |
CFO and Treasurer |
27,245 |
2021-03-17 |
|
| 17 |
Niswonger Scott M |
Director |
24,256 |
2023-05-11 |
|
| 18 |
Osborne Timothy R |
Executive VP of Operations |
23,831 |
2026-03-17 |
|
| 19 |
Carlock Craig |
Director |
23,513 |
2024-10-17 |
|
| 20 |
Lorrain Jerome Jean-pierre |
Executive Chairman |
22,167 |
2026-02-23 |
|
Recent Transactions (last 12 months)
| Date |
Name |
Role |
Type |
Shares |
Price |
Value |
| 2026-03-15 |
Osborne Timothy R |
Executive VP of Operations |
Tax Withholding of RSU |
483 |
$16.05 |
$7.75K |
| 2026-03-16 |
Stewart Shawn |
Chief Executive Officer |
RSU Award |
18,692 |
- |
- |
| 2026-03-15 |
Hance Michael L |
CLO and Secretary |
Tax Withholding of RSU |
869 |
$16.05 |
$13.95K |
| 2026-03-16 |
Pierson Jamie G. |
CFO |
RSU Award |
5,732 |
- |
- |
| 2026-02-19 |
Osborne Timothy R |
Executive VP of Operations |
Tax Withholding of RSU |
513 |
$27.78 |
$14.25K |
| 2026-02-19 |
Herren Jessica L |
Chief Supply Chain Officer |
Tax Withholding of RSU |
436 |
$27.78 |
$12.11K |
| 2026-02-19 |
Brandt Eric Frederick |
Chief Commercial Officer |
Tax Withholding of RSU |
1,057 |
$27.78 |
$29.36K |
| 2026-02-19 |
Lorrain Jerome Jean-pierre |
Executive Chairman |
RSU Award |
10,799 |
- |
- |
| 2026-02-19 |
Stewart Shawn |
Chief Executive Officer |
Tax Withholding of RSU |
3,214 |
$27.78 |
$89.28K |
| 2026-02-19 |
Faught James R. |
Chief Accounting Officer |
Tax Withholding of RSU |
362 |
$27.78 |
$10.06K |
| 2026-02-19 |
Smith Douglas James |
Chief People Officer |
Tax Withholding of RSU |
516 |
$27.78 |
$14.33K |
| 2026-02-19 |
Hance Michael L |
CLO and Secretary |
Tax Withholding of RSU |
946 |
$27.78 |
$26.28K |
| 2026-02-19 |
Pierson Jamie G. |
CFO |
Tax Withholding of RSU |
1,662 |
$27.78 |
$46.17K |
| 2025-11-12 |
Cetus Capital Vi, L.p. |
10 Percent Owner |
Informative Sell |
10,000 |
$22.38 |
$223.8K |
| 2025-11-11 |
Cetus Capital Vi, L.p. |
10 Percent Owner |
Informative Sell |
67,163 |
$21.71 |
$1.46M |
| 2025-11-10 |
Cetus Capital Vi, L.p. |
10 Percent Owner |
Informative Sell |
30,000 |
$22.66 |
$679.8K |
| 2025-11-06 |
Cetus Capital Vi, L.p. |
10 Percent Owner |
Informative Sell |
284 |
$22.39 |
$6.36K |
| 2025-10-20 |
Cetus Capital Vi, L.p. |
10 Percent Owner |
Informative Buy |
215,000 |
$17.89 |
$3.85M |
| 2025-10-20 |
Cetus Capital Vi, L.p. |
10 Percent Owner |
Unknown |
- |
- |
- |
| 2025-10-14 |
Cetus Capital Vi, L.p. |
10 Percent Owner |
Informative Sell |
30,000 |
$21.42 |
$642.6K |
| 2025-10-13 |
Cetus Capital Vi, L.p. |
10 Percent Owner |
Unknown |
- |
- |
- |
| 2026-02-09 |
Osborne Timothy R |
Executive VP of Operations |
Tax Withholding of RSU |
111 |
$30.23 |
$3.36K |
| 2026-02-09 |
Hance Michael L |
CLO and Secretary |
Tax Withholding of RSU |
225 |
$30.23 |
$6.8K |
| 2025-12-12 |
Smith Douglas James |
Chief People Officer |
Tax Withholding of RSU |
243 |
$25.47 |
$6.19K |
| 2025-11-18 |
Herren Jessica L |
Chief Supply Chain Officer |
Tax Withholding of RSU |
148 |
$21.05 |
$3.12K |
