Kirby (NYSE: KEX) VP–CIO Miller settles RSUs and disposes 1,311 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kirby Corporation VP–CIO Scott P. Miller reported equity compensation activity involving restricted stock units and common shares. On February 3, 2026, Miller acquired 5,375 shares of Kirby common stock at $0 per share through transactions coded M, increasing his directly held common stock to 8,836 shares.
That same day, a separate transaction coded F shows a disposition of 1,311 common shares at $120.68 per share, leaving Miller with 7,525 directly owned common shares. Multiple restricted stock unit grants vested, with portions converting into common stock while remaining RSUs continue to vest in annual installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,375 shares exercised/converted
Mixed
6 txns
Insider
MILLER SCOTT P
Role
VP - CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,591 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,664 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,433 | $0.00 | -- |
| Exercise | Restricted Stock Units | 687 | $0.00 | -- |
| Exercise | Common Stock, par value $0.10 per share | 5,375 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.10 per share | 1,311 | $120.68 | $158K |
Holdings After Transaction:
Restricted Stock Units — 1,591 shares (Direct);
Common Stock, par value $0.10 per share — 8,836 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive cash or one share of common stock of the issuer. These restricted stock units granted on January 28, 2022, vest in five equal annual installments beginning on February 3, 2023. 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. These restricted stock units granted on February 1, 2023, vest in five equal annual installments beginning on February 3, 2024. 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. These restricted stock units granted on February 2, 2024, vest in five equal annual installments beginning on February 3, 2025. 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. These restricted stock units granted on January 31, 2025, vest in five equal annual installments beginning on February 3, 2026. 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.
FAQ
What insider transaction did Kirby (KEX) VP–CIO Scott P. Miller report?
Scott P. Miller reported equity compensation activity on February 3, 2026. He acquired 5,375 Kirby common shares via restricted stock unit settlements and disposed of 1,311 shares in a separate transaction coded F, ending with 7,525 directly owned common shares.
What does the transaction code M indicate in Scott P. Miller’s Kirby (KEX) Form 4?
Transaction code M on the Form 4 indicates exercises or settlements of derivative securities into common stock. Miller’s code M entries show restricted stock units converting into Kirby common shares at a price of $0 per share on February 3, 2026.
What does the transaction code F represent in this Kirby (KEX) insider filing?
The Form 4 shows a transaction coded F for 1,311 Kirby common shares at $120.68 per share. Code F designates a disposition of shares, recorded here alongside the same-day equity award settlements reported by Scott P. Miller.
How are Kirby (KEX) restricted stock units structured for Scott P. Miller?
Each restricted stock unit represents a contingent right to receive cash or one Kirby common share. The grants vest in five equal annual installments, with cash or shares delivered on or as soon as practicable after each vesting date, at the issuer’s election.
What vesting schedule applies to Scott P. Miller’s Kirby (KEX) RSU grants?
Miller’s RSUs granted in 2022, 2023, 2024, and 2025 each vest in five equal annual installments. Vesting begins one year after the specified grant-related February 3 date, with cash or shares delivered on or as soon as practicable after each vesting date.