0001008886-24-000063.txt : 20240229 0001008886-24-000063.hdr.sgml : 20240229 20240229173941 ACCESSION NUMBER: 0001008886-24-000063 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240227 FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PARKER DAVID RAY CENTRAL INDEX KEY: 0001220829 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24960 FILM NUMBER: 24705456 MAIL ADDRESS: STREET 1: 400 BIRMINGHAM HIGHWAY CITY: CHATTANOOGA STATE: TN ZIP: 37419 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PARKER JACQUELINE F CENTRAL INDEX KEY: 0001271324 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-24960 FILM NUMBER: 24705455 MAIL ADDRESS: STREET 1: 400 BIRMINGHAM HGWY CITY: CHATTANOOGA STATE: TN ZIP: 37419 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: COVENANT LOGISTICS GROUP, INC. CENTRAL INDEX KEY: 0000928658 STANDARD INDUSTRIAL CLASSIFICATION: TRUCKING (NO LOCAL) [4213] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 880320154 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 400 BIRMINGHAM HIGHWAY CITY: CHATTANOOGA STATE: TN ZIP: 37419 BUSINESS PHONE: 4238211212 MAIL ADDRESS: STREET 1: 400 BIRMINGHAM HIGHWAY CITY: CHATTANOOGA STATE: TN ZIP: 37419 FORMER COMPANY: FORMER CONFORMED NAME: COVENANT TRANSPORTATION GROUP INC DATE OF NAME CHANGE: 20070522 FORMER COMPANY: FORMER CONFORMED NAME: COVENANT TRANSPORT INC DATE OF NAME CHANGE: 19940818 4 1 form4.xml X0508 4 2024-02-27 0000928658 COVENANT LOGISTICS GROUP, INC. CVLG 0001220829 PARKER DAVID RAY 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 true true true Chairman and CEO 0001271324 PARKER JACQUELINE F 400 BIRMINGHAM HIGHWAY CHATTANOOGA TN 37419 true false Class A Common Stock 2024-02-27 4 S 0 20188 51.0085 D 176349 D Class A Common Stock 2024-02-27 4 S 0 1812 51.8465 D 174537 D Class A Common Stock 1192071 D Class A Common Stock 37855 I 401(k) Class B Common Stock 2350000 D Employee Stock Option (Right to Buy) 21.24 2024-02-28 4 A 0 300000 0 A 2024-02-28 2031-04-06 Class A Common Stock 300000 300000 D The price reflects a weighted average sale price for multiple transactions ranging from $50.74 to $51.60, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price. The price reflects a weighted average sale price for multiple transactions ranging from $51.80 to $52.005, inclusive. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares sold at each price. Shares owned jointly by Mr. and Mrs. Parker, as joint tenants with rights of survivorship. The number of shares beneficially owned following the reported transaction is equal to Mr. Parker's February 27, 2024 account balance in the employer stock fund under the issuer's 401(k) plan, divided by the closing price on February 27, 2024. The plan is unitized and as such does not itself allocate a specific number of shares to each participant. On April 6, 2021, Mr. Parker was granted an option to purchase 300,000 shares of Class A common stock, subject to vesting based on the issuer's satisfaction of certain performance criteria for the year ended and the three-year period ended December 31, 2023. On February 28, 2024, the Compensation Committee of the issuer certified that the performance criteria were met. /s/ David R. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2024-02-29 /s/ Jacqueline F. Parker, by Heidi Hornung-Scherr, attorney-in-fact, pursuant to a POA previously filed with the SEC 2024-02-29