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Kirby Corp CEO David W. Grzebinski reported an equity award of 20,185 restricted stock units granted on January 30, 2026. Each unit represents a contingent right to receive cash or one share of Kirby common stock. The award vests in five equal annual installments beginning February 3, 2027, with settlement in cash or shares at the company’s election on or soon after each vesting date.
Kirby Corporation reported a new equity award for insider Ronald A. Dragg, its Vice President and Controller. On January 30, 2026, he received 2,975 restricted stock units at a price of $0 per unit, all held as direct ownership.
Each unit represents a contingent right to receive either cash or one share of Kirby common stock. These units vest in five equal annual installments beginning on February 3, 2027, with cash or shares delivered to Dragg on or as soon as practicable after each vesting date.
Kirby Corporation reported its results for the fourth quarter ended December 31, 2025 in a press release dated January 29, 2026, furnished with this report as Exhibit 99.1.
The release highlights several non-GAAP measures, including Adjusted EBITDA, earnings and diluted EPS excluding certain one-time items, and free cash flow. Kirby defines Adjusted EBITDA as net earnings attributable to Kirby before interest expense, income taxes, depreciation, amortization, and impairment of assets. Free cash flow is defined as net cash provided by operating activities less capital expenditures.
Management explains that these non-GAAP metrics are widely used by rating agencies, analysts, investors, and in Kirby’s incentive bonus plan, and that reconciliations to the comparable GAAP measures for the 2025 and 2024 fourth quarters and full years are included in the press release.
Kirby Corporation executive William Matthew Woodruff, VP of Public and Government Affairs, reported routine equity compensation activity. On January 24, 2026, 394 restricted stock units vested and were converted into 394 shares of Kirby common stock at $0 per share, increasing his direct holdings.
On the same date, 167 shares of common stock were disposed of at $128.7 per share, and Woodruff’s directly held common stock position stood at 2,053 shares after these transactions. The footnotes explain that each restricted stock unit is a contingent right to receive cash or one share of common stock, and that the units reported here come from a grant made on January 29, 2021 which vests in five equal annual installments beginning January 24, 2022.
Kirby Corporation’s President and COO, Christian G. O’Neil, reported routine equity award activity. On January 24, 2026, 2,660 restricted stock units converted into an equal number of shares of common stock at a price of $0 per share as part of their vesting schedule. On the same date, 1,098 shares of common stock were withheld at $128.70 per share, consistent with a Form F code transaction typically used to cover tax obligations.
After these transactions, O’Neil directly beneficially owned 16,397 shares of Kirby common stock and indirectly held 5,670 shares through a 401(k) plan. The restricted stock units were originally granted on January 29, 2021, and vest in five equal annual installments beginning January 24, 2022, with the company able to settle each vesting in cash or shares.
Kirby Corporation VP IR & Treasurer Kurt A. Niemietz reported routine equity compensation activity. On January 24, 2026, 493 restricted stock units were converted into the same number of shares of Kirby common stock at $0 per share, reflecting the vesting of a prior equity grant. Immediately afterward, 220 shares of common stock were withheld at $128.70 per share to cover tax obligations associated with the vesting. Following these transactions, Niemietz directly owned 1,231 shares of Kirby common stock.
Kirby Corp VP and CIO Scott P. Miller reported routine equity compensation activity involving company common stock. On January 24, 2026, 2,010 restricted stock units were converted into an equal number of Kirby common shares at a stated price of $0 per unit, reflecting that these were previously granted awards rather than a market purchase. Following this, Miller directly held 4,010 shares of common stock.
On the same date, a separate transaction coded "F" shows 549 common shares disposed of at $128.7 per share. After this disposition, Miller directly owned 3,461 Kirby common shares. The footnotes clarify that each restricted stock unit represents a contingent right to receive cash or one share of Kirby common stock and that these units were part of a grant made on January 29, 2021 that vests in five equal annual installments beginning January 24, 2022.
Kirby Corp executive Amy D. Husted, Executive Vice President, General Counsel and Secretary, reported equity activity involving company stock. On January 24, 2026, she exercised 2,758 restricted stock units into an equal number of shares of Kirby common stock at a stated price of $0 per share, reflecting the vesting of a portion of a prior equity award.
On the same date, 1,141 shares of common stock were withheld at $128.7 per share in a transaction coded "F," typically used for tax withholding, leaving her with 13,377 shares held directly. She also reports indirect ownership of 3,533 shares through a 401(k) plan and 200 shares held indirectly through her husband. The restricted stock units were originally granted on January 29, 2021 and vest in five equal annual installments beginning January 24, 2022.
Kirby Corporation CEO and director David W. Grzebinski reported equity award activity in Kirby Corp (KEX). On January 24, 2026, 8,150 restricted stock units were converted (transaction code M) into 8,150 shares of common stock at a stated price of $0 per share. On the same date, 3,244 shares of common stock were disposed of in a separate transaction coded F at $128.7 per share. After these transactions, Grzebinski directly held 84,615 shares of Kirby common stock. The restricted stock units were originally granted on January 29, 2021 and vest in five equal annual installments beginning January 24, 2022, with the issuer able to deliver either cash or common shares on each vesting date.
Kirby Corp vice president and controller Ronald A. Dragg reported the vesting of 887 restricted stock units into common stock on January 24, 2026, at an exercise price of $0 per share. To cover tax obligations, 263 common shares were withheld at a price of $128.70 per share, leaving him with 10,949 shares of Kirby common stock held directly and 1,521 shares held indirectly through a 401(k) plan.
The restricted stock units were originally granted on January 29, 2021 and vest in five equal annual installments beginning on January 24, 2022. Each unit represents a contingent right to receive either cash or one share of Kirby common stock, at the company’s election, delivered on or as soon as practicable after each vesting date.