Knight-Swift (KNX) General Counsel discloses initial restricted stock holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Knight-Swift Transportation Holdings Inc. General Counsel and Secretary Roy Soumit reported his initial beneficial ownership of equity-based awards. He holds 5,895 restricted stock units, each representing one share of Class A common stock, vesting 33% on January 31, 2027, 33% on January 31, 2028, and 34% on January 31, 2029. He also holds performance-based restricted stock units covering 2,947 shares and an additional 5,895 shares, with payouts contingent on performance targets over a period ending December 31, 2028; any shares earned vest on January 31, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Roy Soumit
Role
General Counsel and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,895 shares (Direct);
Performance Restricted Stock Units — 2,947 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of KNX Class A Common Stock. The restricted stock unit vests as follows: 33% on January 31, 2027; 33% on January 31, 2028; and 34% on January 31, 2029. Each performance based restricted stock unit represents a contingent right to receive one share of KNX Class A Common Stock, subject to adjustment, based on performance targets over a performance period ending December 31, 2028. The number of derivative securities is subject to adjustment based on achieving or failing to achieve performance targets measured over a performance period ending December 31, 2028. The shares earned under this award will vest on January 31, 2029. Each performance based restricted stock unit represents a contingent right to receive one share of KNX Class A Common Stock, subject to adjustment, based on certain relative performance targets over a performance period ending December 31, 2028.
FAQ
Who is the insider reporting holdings in Knight-Swift (KNX)?
The insider is Roy Soumit, who serves as General Counsel and Secretary of Knight-Swift Transportation Holdings Inc.
What type of securities does Roy Soumit hold in Knight-Swift (KNX)?
Roy Soumit holds restricted stock units and performance-based restricted stock units, each representing a contingent right to receive shares of KNX Class A common stock.
How many restricted stock units does Roy Soumit beneficially own in KNX?
He beneficially owns 5,895 restricted stock units, each tied to one share of Knight-Swift Class A common stock.
What is the vesting schedule for Roy Soumit’s restricted stock units at KNX?
The restricted stock units vest 33% on January 31, 2027, 33% on January 31, 2028, and 34% on January 31, 2029.
What performance conditions apply to Roy Soumit’s performance restricted stock units at KNX?
Each performance-based restricted stock unit represents a right to one KNX share, subject to adjustment, based on performance targets measured over a period ending December 31, 2028.
When do Roy Soumit’s performance-based restricted stock units at KNX vest if earned?
Shares earned under the performance-based awards will vest on January 31, 2029, following the performance period ending December 31, 2028.
Are Roy Soumit’s Knight-Swift (KNX) equity awards held directly or indirectly?
The filing indicates the derivative securities are held with direct (D) ownership by Roy Soumit.