Kirby Corp (NYSE: KEX) VP Niemietz reports RSU vesting and stock disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kirby Corp VP of Investor Relations and Treasurer Kurt A. Niemietz reported equity compensation activity involving company stock. On February 3, 2026, several tranches of restricted stock units were converted into common shares at a stated price of $0 per unit.
These vested units, originally granted between 2022 and 2025, give the right to receive either cash or Kirby common stock, at the company’s election, on each vesting date. Following the conversions, 1,656 shares of common stock were acquired, and 693 shares were disposed of at $120.68 per share, typically reflecting shares withheld to cover taxes. After these transactions, Niemietz directly owned 2,194 shares of Kirby common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,656 shares exercised/converted
Mixed
6 txns
Insider
Niemietz Kurt A.
Role
VP IR & Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 455 | $0.00 | -- |
| Exercise | Restricted Stock Units | 416 | $0.00 | -- |
| Exercise | Restricted Stock Units | 418 | $0.00 | -- |
| Exercise | Restricted Stock Units | 367 | $0.00 | -- |
| Exercise | Common Stock, par value $0.10 per share | 1,656 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.10 per share | 693 | $120.68 | $84K |
Holdings After Transaction:
Restricted Stock Units — 455 shares (Direct);
Common Stock, par value $0.10 per share — 2,887 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) disclose for Kurt A. Niemietz?
Kirby Corp reported that VP IR & Treasurer Kurt A. Niemietz had restricted stock units vest and convert into common shares. On February 3, 2026, 1,656 shares were acquired through RSU conversion, with some shares later disposed of, leaving him with 2,194 directly owned shares.
What types of securities were involved in Kurt A. Niemietz’s Kirby Corp (KEX) Form 4?
The filing involves both restricted stock units and common stock of Kirby Corp. Multiple RSU grants vested and converted into common shares at a stated price of $0, and a portion of the resulting common shares was then disposed of at $120.68 per share.
When did the reported Kirby Corp (KEX) insider transactions occur?
All reported transactions occurred on February 3, 2026. On that date, several tranches of restricted stock units vested and converted into common stock, and a portion of the newly acquired shares was disposed of, as reflected in Table I and Table II of the Form 4.
What do the restricted stock units in the Kirby Corp (KEX) Form 4 represent?
Each restricted stock unit represents a contingent right to receive cash or one Kirby common share. According to the footnotes, the company elects whether to settle in cash or shares on each vesting date, with grants vesting in five equal annual installments.
Over what period do Kurt A. Niemietz’s Kirby Corp (KEX) RSU grants vest?
The RSU grants vest in five equal annual installments from their respective start dates. Grants made in 2022, 2023, 2024, and 2025 begin vesting on February 3 of 2023, 2024, 2025, and 2026, respectively, with settlement in cash or shares at Kirby’s election.