Knight-Swift CEO exercises 17,758 performance RSUs
Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller reported a routine equity compensation event involving performance-based restricted stock units.
Rhea-AI Filing Summary
Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller reported a routine equity compensation event involving performance-based restricted stock units. On March 12, 2026, he exercised 17,758 Performance Restricted Stock Units, which converted into an equal number of shares of Class A Common Stock on a one-for-one basis.
The filing shows these shares were issued into a joint account with his spouse, and 7,699 of the resulting shares were disposed of to cover tax obligations at a price of $55.10 per share. After these tax-withholding transactions, the joint account held 189,881 shares of Class A Common Stock. The footnotes explain that the units vested on January 31, 2026, with performance target attainment determined and approved on March 12, 2026, when the shares were issued.
Positive
- None.
Negative
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Insider Trade Summary
| 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 |
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 JTWROS (joint with rights of survivorship).
FAQ
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What insider transaction did KNX CEO Adam W. Miller report on this Form 4/A?
How do the Knight-Swift (KNX) performance RSUs convert into common stock?
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