Kirby EVP Reports RSU Vesting, Minor Tax Sale in Form 4 Filing
Rhea-AI Filing Summary
Kirby Corp. (KEX) Executive VP, General Counsel & Secretary Amy D. Husted filed a Form 4 covering transactions on 5-Aug-2025.
- RSU vesting (Code M): 186 common shares were acquired at a stated price of $0 as restricted stock units vested.
- Tax withholding sale (Code F): 74 shares were automatically sold at $102.16 to cover associated liabilities.
- Post-transaction holdings: 11,760 common shares held directly; 744 RSUs remain outstanding.
The filing reflects a net increase of 112 shares to the insider’s direct ownership, signalling continued equity exposure by a senior officer. The dollar value of shares sold for taxes (~$7.6 k) is immaterial relative to Kirby’s market capitalization, so market impact should be limited.
Positive
- None.
Negative
- None.
Insights
TL;DR Small RSU vest; limited tax sale—neutral signal, immaterial to KEX valuation.
The transaction is routine: RSUs granted 5-Aug-2024 begin their five-year vesting schedule. Husted converted 186 units and retained the majority (112 shares after withholding) at no cost, modestly increasing her aligned stake. The automatic sale of 74 shares at $102.16 was purely for tax coverage and doesn’t indicate discretionary selling. With only 11.8 k shares now owned versus Kirby’s ~60 m share count, the change is <0.01% of outstanding and therefore non-impactful for fundamental or governance assessments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 186 | $0.00 | -- |
| Exercise | Common Stock, par value $0.10 per share | 186 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.10 per share | 74 | $102.16 | $8K |
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 August 5, 2024, vest in five equal annual installments beginning on August 5, 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.