Kirby Corp (KEX) president settles RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kirby Corp’s President and COO O’Neil Christian G. reported equity compensation activity on February 3, 2026. He acquired 10,188 shares of common stock at $0 per share through the vesting and settlement of restricted stock units.
To cover taxes, 4,011 shares were disposed of at $120.68 per share, leaving him with 22,574 shares of Kirby common stock held directly. The filing also details multiple restricted stock unit grants that vest in five equal annual installments beginning between February 3, 2023 and February 3, 2026, delivering either cash or shares at the issuer’s election.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,188 shares exercised/converted
Mixed
6 txns
Insider
O'Neil Christian G.
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,728 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,662 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,507 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,291 | $0.00 | -- |
| Exercise | Common Stock, par value $0.10 per share | 10,188 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.10 per share | 4,011 | $120.68 | $484K |
Holdings After Transaction:
Restricted Stock Units — 2,728 shares (Direct);
Common Stock, par value $0.10 per share — 26,585 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 Corp (KEX) report for O’Neil Christian G.?
Kirby Corp reported that President and COO O’Neil Christian G. acquired 10,188 common shares at $0 per share via restricted stock unit settlement, with 4,011 shares disposed at $120.68 to cover taxes, resulting in 22,574 directly owned shares after the transactions.
What do the restricted stock units in the Kirby Corp (KEX) Form 4 represent?
Each restricted stock unit represents a contingent right to receive either cash or one share of Kirby common stock. The issuer chooses whether to deliver cash or shares, which are provided to the reporting person on or as soon as practicable after each vesting date.
When do the Kirby Corp (KEX) restricted stock units reported in this filing vest?
The restricted stock units vest in five equal annual installments. Grants dated January 28, 2022; February 1, 2023; February 2, 2024; and January 31, 2025 begin vesting on February 3, 2023, 2024, 2025, and 2026 respectively, with delivery on or shortly after each vesting date.
How many restricted stock units remain for the Kirby Corp (KEX) executive after this filing?
Following the reported transactions, the executive beneficially owns 9,164 restricted stock units directly. These units relate to multiple award dates and will settle in either cash or Kirby common stock, at the issuer’s election, on or as soon as practicable after each scheduled vesting date.