Kirby Corporation entered into a new amended and restated credit agreement that extends its main bank financing to March 26, 2031 and increases revolving credit commitments to $750 million. The prior term loan was removed, but Kirby can add new term loan and revolving commitments of up to an additional $500 million with lender consent. Borrowings bear interest at SOFR or a base rate plus margins that vary with Kirby’s credit rating, and unused commitments carry a tiered commitment fee. Key covenants include a minimum interest coverage ratio of 2.5x and a maximum debt-to-capitalization of 60%. Around $200 million was outstanding when the agreement took effect, used to refinance the prior facility, fund vessel equipment purchases, and support share repurchases; $20 million of that has already been repaid.
Kirby Corp Schedule 13G/A amendment: The Vanguard Group reports beneficial ownership of 0 shares (0%) of Kirby Corp common stock following an internal realignment. The filing notes subsidiaries and business divisions will report separately in reliance on SEC Release No. 34-39538.
The amendment is signed by Ashley Grim on 03/27/2026 and references an internal realignment dated 01/12/2026.
Kirby Corporation is asking stockholders to vote at its 2026 annual meeting on five items, including electing three Class I directors, ratifying KPMG as auditor, approving executive pay, and amending its employee and nonemployee director stock plans.
Management highlights 2025 as a record year, with revenues of about $3.4 billion, net earnings of $354.6 million, and diluted earnings per share of $6.33, up 16% from the prior record (excluding one-time items). Marine transportation delivered roughly 20% inland margins and double‑digit coastal margins, while the Distribution and Services segment posted high‑single‑digit margins.
Kirby generated $670 million in operating cash flow, spent $264 million on capital expenditures, $116 million on acquisitions, and repurchased 3.7 million shares for about $354 million. The proxy also details board composition and diversity, committee responsibilities, risk oversight, and a pay‑for‑performance executive compensation program that uses EBITDA, earnings per share, and return on total capital as key metrics.
Kirby Corp’s President and COO, Christian G. O’Neil, sold 11,287 shares of common stock in an open-market transaction. The sale occurred at a weighted average price of $132.34 per share, with individual sale prices ranging from $131.50 to $133.44 per share, according to the filing footnote.
Kirby Corp executive Raj Kumar, the Executive VP and CFO, sold 3,000 shares of common stock in an open-market transaction. The sale occurred on March 2, 2026 at a weighted average price of $132.70 per share. After this transaction, he directly holds 4,494 shares.
Kirby Corporation submitted a Form 144 reporting a proposed sale of 3,000 shares of its Common Stock through Merrill Lynch. The filing lists 53,646,000 shares outstanding as of 03/02/2026 and notes prior compensatory stock bonuses of 1,719 and 1,281 shares awarded on 02/03/2024 and 02/03/2025, respectively.
Kirby Corporation (Form 144): sale of common stock reported. The filing lists planned sales of Common Stock and discloses prior compensatory stock bonuses granted on multiple dates, including 3,268 shares on 02/03/2024 and 2,317 shares on 01/24/2022. The filing also reports 11,145 shares sold on 12/23/2025 for $1,244,389.36.
Kirby Corp CEO David W. Grzebinski exercised stock options and sold shares on the same day. He exercised 34,152 employee stock options, converting them into 34,152 shares of common stock at an exercise price of $73.29 per share. He then sold 34,152 common shares in open-market transactions at a weighted average price of $130.05 per share, with individual sale prices ranging from $130.00 to $130.36 per share. After these transactions, he directly owned 98,241 shares of Kirby common stock.