# EDGAR Filing Document

**Accession Number:** 0000912728
**File Stem:** 0001628280-23-003067
**Filing Date:** 2023-2
**Character Count:** 8647
**Document Hash:** 4d8a01826970d9ce5f5bfd0802f6c6cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-23-003067.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001628280-23-003067

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230207

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Ronning Nancee L
- **CENTRAL INDEX KEY:** 0001953554

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-22490
- **FILM NUMBER:** 23608324

**MAIL ADDRESS:**
- **STREET 1:** 1915 SNAPPS FERRY ROAD
- **STREET 2:** BUILDING N
- **CITY:** GREENEVILLE
- **STATE:** TN
- **ZIP:** 37745
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORWARD AIR CORP
- **CENTRAL INDEX KEY:** 0000912728
- **STANDARD INDUSTRIAL CLASSIFICATION:** ARRANGEMENT OF TRANSPORTATION OF FREIGHT & CARGO [4731]
- **IRS NUMBER:** 621120025
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1915 SNAPPS FERRY ROAD
- **STREET 2:** BUILDING N
- **CITY:** GREENEVILLE
- **STATE:** TN
- **ZIP:** 37745
- **BUSINESS PHONE:** 4236367000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 1058
- **CITY:** GREENEVILLE
- **STATE:** TN
- **ZIP:** 37744

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LANDAIR SERVICES INC
- **DATE OF NAME CHANGE:** 19930928

## Ex-24

```

Power of Attorney

      Know all by these presents, that the undersigned (the
Reporting Person) hereby constitutes and appoints Thomas
Schmitt, Michael L. Hance, and Rebecca J. Garbrick, and each of
them, as the Reporting Persons true and lawful Attorneys-in-Fact
to:

      (1)     execute for and on behalf of the Reporting
Person, in the Reporting Persons capacity as an
officer or director of Forward Air Corporation (the
Company), Forms 3, 4 and 5 in accordance with Section
16(a) of the Securities Exchange Act of 1934, as
amended, and the rules thereunder;

      (2)     do and perform and all acts for and on behalf of
the Reporting Person which may be necessary or
desirable to complete and execute any such Form 3, 4
or 5 and timely file such form with the United States
Securities and Exchange Commission and any stock
exchange or similar authority; and

      (3)     take any other action of any type whatsoever in
connection with the foregoing which, in the opinion of
such Attorney-in-Fact, may be of benefit to, and in
the best interest of, or legally required by, the
Reporting Person.

      The Reporting Person hereby grants to each such Attorney-
in-Fact full power and authority to do and perform any and every
act and thing whatsoever requisite, necessary, or proper to be
done in the exercise of any of the rights and powers herein
granted, as fully to all intents and purposes as the Reporting
Person might or could do if personally present, with full power
of substitution or revocation, hereby ratifying and confirming
all that such Attorney-in-Fact, or such Attorney-in-Fact's
substitute or substitutes, shall lawfully do or cause to be done
by the virtue of this Power of Attorney and the rights and
powers herein granted.  The Reporting Person acknowledges that
the foregoing Attorneys-in-Fact, in serving in such capacity at
the request of the Reporting Person, are not assuming, nor is
the Company assuming, any of the Reporting Persons
responsibilities to comply with Section 16 of the Securities
Exchange Act of 1934, as amended.

      This Power of Attorney shall remain in full force and
effect until the Reporting Person is no longer required to file
Forms 3, 4 and 5 with respect to the Reporting Persons holdings
of and transactions in securities issued by the Company, unless
earlier revoked by the Reporting Person in a signed writing
delivered to the foregoing Attorneys-in-Fact.

      IN WITNESS WHEREOF, the Reporting Person has caused this
Power of Attorney to be executed as of this first day of
November, 2022.

                            /s/ Nancee L. Ronning
          NANCEE L. RONNING

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Ronning Nancee L<br><sub>(Last) (First) (Middle)</sub><br>1915 SNAPPS FERRY ROAD<br>BUILDING N<br><sub>(Street)</sub><br>GREENEVILLE, TN 37745<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-07 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Commercial Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>FORWARD AIR CORP [ FWRD ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-07 |  | A |  | 1191<sup>(1)</sup> | A | $0 | 2730 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option (Right to Buy) | $115.42 | 2023-02-07 |  | A |  | 1847 |  | <sup>(2)</sup> | 2030-02-07 | Common Stock | 1847.0 | $0 | 1847 | D |  |

---

### Footnotes:

(1) Represents an award of restricted stock. The restricted stock vests in equal installments on February 7, 2024, February 7, 2025, and February 7, 2026.

(2) These options vest in equal installments on February 7, 2024, February 7, 2025 and February 7, 2026.

**Signature:** /s/ Michael L. Hance, Attorney-in-Fact  
**Date:** 2023-02-09

### Remarks:

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.**