Kirby (NYSE: KEX) outlines multi-year RSU awards for finance VP
Rhea-AI Filing Summary
KIRBY CORP (KEX) reported the initial equity holdings of officer Donny Chia, Vice President Finance and Investor Relations, on a Form 3. The filing lists two grants of restricted stock units (RSUs) that each represent a contingent right to receive cash or one share of Kirby common stock per unit.
One RSU award covers 2,530 underlying shares of common stock, granted on February 5, 2026, and vesting in five equal annual installments beginning February 21, 2027. A second RSU award covers 425 underlying shares, granted March 6, 2026, vesting in five equal annual installments beginning March 6, 2027. For each vesting date, Kirby may settle the RSUs in cash or shares at its election.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chia Donny
Role
VP Finance and IR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F2, F1 | -- | -- | -- |
| holding | Restricted Stock Units F2, F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,955 shares (Direct)
Footnotes (3)
- F1. These restricted stock units granted on February 5, 2026, vest in five equal annual installments beginning on February 21, 2027. Cash or shares of common stock of the issuer, at the election of the issuer, will be delivered to the reporting person on or as soon as practicable on each vesting date.
- F2. Each restricted stock unit represents a contingent right to receive cash or one share of common stock of the issuer.
- F3. These restricted stock units granted on March 6, 2026, vest in five equal annual installments beginning on March 6, 2027. Cash or shares of common stock of the issuer, at the election of the issuer, will be delivered to the reporting person on or as soon as practicable on each vesting date.
Key Figures
Underlying shares RSU grant 1: 2,530 shares
Underlying shares RSU grant 2: 425 shares
Vesting schedule grant 1: 5 annual installments
+2 more
5 metrics
Underlying shares RSU grant 1
2,530 shares
Restricted stock units granted February 5, 2026, representing underlying common stock
Underlying shares RSU grant 2
425 shares
Restricted stock units granted March 6, 2026, representing underlying common stock
Vesting schedule grant 1
5 annual installments
RSUs granted February 5, 2026 vest in five equal annual installments beginning February 21, 2027
Vesting schedule grant 2
5 annual installments
RSUs granted March 6, 2026 vest in five equal annual installments beginning March 6, 2027
Settlement per RSU
Cash or 1 share
Each restricted stock unit provides a contingent right to cash or one share of common stock
Key Terms
Restricted Stock Units, contingent right, vest in five equal annual installments
3 terms
Restricted Stock Units financial
"These restricted stock units granted on February 5, 2026, vest in five equal annual installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive cash or one share"
vest in five equal annual installments financial
"vest in five equal annual installments beginning on February 21, 2027"
FAQ
Who is the reporting insider in KIRBY CORP (KEX)'s latest Form 3?
The reporting insider is Donny Chia, who serves as Vice President Finance and Investor Relations at KIRBY CORP. The Form 3 discloses his initial holdings of restricted stock units tied to Kirby common stock.
What restricted stock unit holdings does Donny Chia report for KEX?
Donny Chia reports two RSU awards representing 2,530 and 425 underlying shares of KIRBY CORP common stock. Each RSU gives a contingent right to receive either cash or one share of common stock, at the company’s election upon vesting.
How can Donny Chia’s RSUs in KEX be settled at vesting?
Each restricted stock unit represents a contingent right to receive cash or one share of KIRBY CORP common stock. On or as soon as practicable after each vesting date, Kirby may choose to settle the RSUs in either form for the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.