Kirby Corp (KEX) VP IR and Treasurer granted 2,530 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kerin Matthew P reported acquisition or exercise transactions in this Form 4 filing.
Kirby Corp executive Matthew P. Kerin received a grant of 2,530 restricted stock units. The award was granted on February 20, 2026, at a stated price of $0.00 per unit as part of his compensation.
The units vest in five equal annual installments beginning on February 21, 2027. On each vesting date, Kirby may choose to settle the vested units in cash or in one share of common stock per unit and will deliver the value to Kerin as soon as practicable.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kerin Matthew P
Role
VP IR and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,530 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,530 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 February 20, 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.
FAQ
What insider transaction did Kirby Corp (KEX) report for Matthew P. Kerin?
Kirby Corp reported that executive Matthew P. Kerin received 2,530 restricted stock units on February 20, 2026. These units are a form of equity-linked compensation that may be settled in cash or common stock at the company’s election upon vesting.
How many restricted stock units were granted to the Kirby Corp (KEX) executive?
Matthew P. Kerin was granted 2,530 restricted stock units. This entire amount was acquired in a single grant, and his total holdings of these units following the transaction are also reported as 2,530, reflecting a new award rather than open-market activity.
When do the newly granted Kirby Corp (KEX) restricted stock units vest?
The restricted stock units granted on February 20, 2026, vest in five equal annual installments. Vesting begins on February 21, 2027, with additional installments each year, aligning the executive’s compensation with longer-term service and performance at Kirby Corp.
How will the Kirby Corp (KEX) restricted stock units be settled for Matthew P. Kerin?
Each restricted stock unit represents a right to receive either cash or one share of Kirby common stock. On each vesting date, the company may elect the form of settlement and will deliver the cash or shares to Matthew P. Kerin as soon as practicable.
Did the Kirby Corp (KEX) insider pay for the restricted stock units granted?
The Form 4 shows a transaction price of $0.00 per restricted stock unit. This indicates the units were granted as part of compensation, rather than purchased in the open market, and represent a contingent future right tied to vesting conditions.
What role does Matthew P. Kerin hold at Kirby Corp (KEX) in this Form 4?
Matthew P. Kerin is identified as an officer of Kirby Corp with the title "VP IR and Treasurer." The reported transaction reflects an equity-based award associated with this executive role, aligning part of his compensation with the company’s future performance.