Kirby Corp CFO converts RSUs, withholds shares for tax
KIRBY CORP Executive Vice President and CFO Raj Kumar reported the vesting and conversion of restricted stock units into 5,458 shares of common stock on February 3, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
KIRBY CORP Executive Vice President and CFO Raj Kumar reported the vesting and conversion of restricted stock units into 5,458 shares of common stock on February 3, 2026. The company withheld 2,208 shares at $120.68 per share to satisfy tax obligations. After these transactions, he directly holds 7,494 shares of common stock and 13,157 restricted stock units.
Insider Trade Summary
5,458 shares exercised/converted
Exercise
6 txns
Insider
Kumar Raj
Role
Exec VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,455 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,498 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,314 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,191 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.10 per share | 5,458 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, par value $0.10 per share | 2,208 | $120.68 | $266K |
Holdings After Transaction:
Restricted Stock Units — 13,157 contracts (Direct);
Common Stock, par value $0.10 per share — 7,494 shares (Direct)
Footnotes (5)
- F1. Each restricted stock unit represents a contingent right to receive cash or one share of common stock of the issuer.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
Key Figures
RSU-derived shares: 5,458 shares
Tax-withheld shares: 2,208 shares
Tax-withholding price: $120.68 per share
+2 more
5 metrics
RSU-derived shares
5,458 shares
Common stock received from restricted stock unit vesting on February 3, 2026
Tax-withheld shares
2,208 shares
Shares withheld to satisfy tax obligations on February 3, 2026
Tax-withholding price
$120.68 per share
Price used for the 2,208-share tax-withholding disposition
Post-transaction common stock
7,494 shares
Directly held KIRBY CORP common stock after the reported transactions
Post-transaction RSUs
13,157 units
Directly held restricted stock units after the vesting and tax-withholding events
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive cash or one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for 2,208 shares at $120.68 per share"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did KIRBY CORP (KEX) CFO Raj Kumar report in this Form 4?
Raj Kumar reported the vesting and conversion of restricted stock units into 5,458 KIRBY CORP common shares on February 3, 2026, with a portion of those shares withheld to cover tax obligations and the remainder increasing his directly held common stock position.
What are Raj Kumar’s post-transaction holdings in KIRBY CORP (KEX)?
Following the reported transactions, Raj Kumar directly holds 7,494 shares of KIRBY CORP common stock and 13,157 restricted stock units. These positions reflect his remaining equity stake after the vesting of restricted stock units and associated tax-withholding of some common shares.
What type of equity awards did Raj Kumar exercise at KIRBY CORP (KEX)?
Raj Kumar exercised multiple tranches of Restricted Stock Units, which each represent a contingent right to receive cash or one share of KIRBY CORP common stock. On February 3, 2026, those vested units converted into 5,458 common shares before tax-withholding.
Were Raj Kumar’s KIRBY CORP (KEX) transactions open market buys or sells?
The reported activity consists of restricted stock unit vesting and a tax-withholding disposition of 2,208 shares at $120.68 per share. The filing does not show open market purchases or sales; instead, it reflects equity compensation settlement and related tax withholding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates