Knight-Swift CEO exercises 17,758 RSUs
Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller exercised 17,758 Performance Restricted Stock Units, converting them into the same number of shares of Class A Common Stock on a one-for-one basis.
Rhea-AI Filing Summary
Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller exercised 17,758 Performance Restricted Stock Units, converting them into the same number of shares of Class A Common Stock on a one-for-one basis. As part of this vesting event, 7,699 shares were delivered at $55.10 per share to cover tax obligations, a non-market “F” code tax-withholding disposition. Following these transactions, Miller directly holds 189,881 shares of Class A Common Stock, with no remaining units from this particular performance award.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,758 shares exercised/converted
Exercise
3 txns
Insider
Miller Adam W
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units | 17,758 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 17,758 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 7,699 | $55.10 | $424K |
Holdings After Transaction:
Performance Restricted Stock Units — 0 contracts (Direct);
Class A Common Stock — 189,881 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into Class A Common Stock on a one-for-one basis.
- F2. The shares vested on January 31, 2026, but the performance target attainment was not determined and approved until March 12, 2026, when the shares were issued.
- F3. Amended to reflect joint account held by Adam Wayne Miller and Nichole A Miller.
Key Figures
RSUs exercised: 17,758 units
Shares received on exercise: 17,758 shares
Tax-withholding shares: 7,699 shares
+5 more
8 metrics
RSUs exercised
17,758 units
Performance Restricted Stock Units converted into Class A Common Stock
Shares received on exercise
17,758 shares
Class A Common Stock underlying the exercised performance units
Tax-withholding shares
7,699 shares
Class A Common Stock delivered to satisfy tax obligations
Tax-withholding price
$55.10 per share
Value used for the F-code tax-withholding disposition
Shares after exercise
197,580 shares
Direct Class A Common Stock holdings before tax withholding
Final direct holdings
189,881 shares
Direct Class A Common Stock held after tax-withholding disposition
Exercised derivatives
17,758 units
ExerciseShares in transactionSummary for derivative exercise
Tax-withholding total shares
7,699 shares
TaxWithholdingShares in transactionSummary
Key Terms
Performance Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, Restricted stock units convert into Class A Common Stock on a one-for-one basis, +1 more
5 terms
Performance Restricted Stock Units financial
"security_title: "Performance Restricted Stock Units" with 17,758.0000 units exercised"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for 7,699.0000 shares at $55.10"
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 exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for RSUs into Class A Common Stock"
Restricted stock units convert into Class A Common Stock on a one-for-one basis financial
"footnote: "Restricted stock units convert into Class A Common Stock on a one-for-one basis.""
Form 4/A regulatory
"Amended insider report referenced as Form 4/A for Adam W. Miller"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did KNX CEO Adam W. Miller report on this Form 4/A?
Adam W. Miller reported exercising 17,758 Performance Restricted Stock Units, which converted into the same number of Class A Common Stock shares. This reflects a derivative exercise, not an open-market stock purchase, tied to previously granted equity compensation.
What are Performance Restricted Stock Units in the KNX CEO’s Form 4/A?
The filing describes Performance Restricted Stock Units that convert into Knight-Swift Class A Common Stock on a one-for-one basis. These units vested earlier, and shares were issued once performance target attainment was determined and approved by the company.
Does this KNX Form 4/A reflect remaining derivative awards for the CEO?
The derivativeSummary section in the data is empty, indicating no remaining derivative positions from this particular award in the filing. The exercised Performance Restricted Stock Units are fully converted, with the resulting common shares now part of direct holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
