Kirby KEX: 2,715 options exercised at $73.93; shares sold

Rhea-AI Filing Summary

Kirby Corp (KEX): Officer Ronald A. Dragg exercised employee stock options for 2,715 shares at $73.93 on 11/12/2025, then sold 2,715 common shares at a weighted average price of $110.29 (range $110.10–$110.76). Following these transactions, he directly owns 10,325 shares.

Insider Trade Summary

Net Seller: 2,715 shares ($299,437)

Net Sell 3 txns

Insider DRAGG RONALD A

Role Vice President and Controller

Sold 2,715 shs ($299K)

Type	Security	Shares	Price	Value
Exercise	Employee Stock Options (Right to Buy)	2,715	$0.00	--
Exercise	Common Stock, par value $0.10 per share	2,715	$73.93	$201K
Sale	Common Stock, par value $0.10 per share	2,715	$110.29	$299K

Holdings After Transaction: Employee Stock Options (Right to Buy) — 0 shares (Direct); Common Stock, par value $0.10 per share — 13,040 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

DRAGG RONALD A

(Last) (First) (Middle)

55 WAUGH DRIVE

SUITE 1000

(Street)

HOUSTON TX 77007

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KIRBY CORP [ KEX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President and Controller

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.10 per share	11/12/2025		M		2,715	A	$73.93	13,040	D
Common Stock, par value $0.10 per share	11/12/2025		S		2,715	D	$110.29(1)	10,325	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Options (Right to Buy)	$73.93	11/12/2025		M			2,715	02/01/2022	02/01/2026	Common Stock	2,715	$0	0	D

Explanation of Responses:

1. The reported price is the weighted average sales price. The sales were at prices ranging from $110.10 to $110.76 per share. The reporting person will provide, upon request by the commission staff, full information regarding the number of shares sold at each separate price.

	Ronald A. Dragg	11/13/2025
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did KEX report on Form 4?

An officer exercised 2,715 employee stock options at $73.93 and sold 2,715 common shares at a weighted average of $110.29 on 11/12/2025.

Who was the reporting person in Kirby (KEX)'s Form 4?

Ronald A. Dragg, Vice President and Controller.

How many KEX shares does the insider own after the transactions?

He directly owns 10,325 shares after the reported transactions.

What prices were the KEX shares sold at?

Weighted average sale price was $110.29, with individual sales ranging from $110.10 to $110.76 per share.

What was the exercise price and instrument for KEX?

Employee stock options with an exercise price of $73.93 for 2,715 underlying shares.

What were the transaction codes on the Form 4 for KEX?

Code M for the option exercise and Code S for the sale of common stock.