Kirby Corp (KEX) CFO Kumar Raj receives 5,525 restricted stock units

Rhea-AI Filing Summary

Kirby Corp granted its Executive Vice President and Chief Financial Officer, Kumar Raj, 5,525 restricted stock units (RSUs) on January 30, 2026. Each RSU represents a contingent right to receive cash or one share of Kirby common stock.

The RSUs vest in five equal annual installments beginning on February 3, 2027, with payment in cash or shares at Kirby’s election on or shortly after each vesting date. Following this grant, Raj beneficially owns 5,525 RSUs directly.

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

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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^*

Kumar Raj

(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)
	Exec VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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

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
Restricted Stock Units	(1)	01/30/2026		A		5,525		(2)	(2)	Common Stock	5,525	$0	5,525	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive cash or one share of common stock of the issuer.

2. These restricted stock units granted on January 30, 2026, vest in five equal annual installments beginning on February 3, 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.

	Ronald A. Dragg, Agent and Attorney-in-Fact	02/03/2026
	** 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 Kirby Corp (KEX) report for Kumar Raj?

Kirby Corp reported an RSU grant to Kumar Raj. On January 30, 2026, the Executive VP and CFO received 5,525 restricted stock units, each representing a right to cash or one share of Kirby common stock, subject to a multi‑year vesting schedule.

How many restricted stock units did Kumar Raj receive from Kirby Corp (KEX)?

Kumar Raj received 5,525 restricted stock units from Kirby. The Form 4 shows a single derivative transaction coded “A” for an award of 5,525 RSUs at a price of $0.00, all held directly by the executive officer after the transaction.

When do the newly granted Kirby Corp (KEX) RSUs to Kumar Raj vest?

The RSUs vest over five years starting in 2027. Kirby granted the units on January 30, 2026, and they vest in five equal annual installments beginning February 3, 2027, with additional installments on each anniversary date thereafter, subject to the grant terms.

What does each Kirby Corp (KEX) restricted stock unit represent for Kumar Raj?

Each RSU is a right to cash or one share. The filing states every restricted stock unit represents a contingent right to receive either cash or one share of Kirby common stock, with the choice between cash and shares made by the issuer at settlement.

How will Kumar Raj receive value from his Kirby Corp (KEX) RSUs?

Value will be delivered on each vesting date. On or as soon as practicable after each annual vesting date starting February 3, 2027, Kirby will deliver either cash or shares of common stock, at its election, to Kumar Raj for the vested restricted stock units.

What is Kumar Raj’s beneficial holding of Kirby Corp (KEX) RSUs after this grant?

He beneficially owns 5,525 RSUs directly. The Form 4 shows 5,525 derivative securities beneficially owned following the reported transaction, all classified as directly held restricted stock units, reflecting only this new award in the reported data.