Knight-Swift (NYSE: KNX) COO exercises RSUs, uses shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Knight-Swift Transportation Holdings COO James L. Fitzsimmons reported routine equity compensation activity in Class A Common Stock. He exercised restricted stock units covering 11,264 shares that convert to common stock on a one-for-one basis, with 1,511 shares withheld at $75.63 per share to cover tax obligations. Following these transactions, he holds 9,157 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,264 shares exercised/converted
Mixed
16 txns
Insider
Fitzsimmons James L
Role
COO Swift Transportation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 608 | $0.00 | -- |
| Exercise | Restricted Stock Units | 753 | $0.00 | -- |
| Exercise | Restricted Stock Units | 637 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,683 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,832 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,751 | $0.00 | -- |
| Exercise | Class A Common Stock | 608 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 167 | $75.63 | $13K |
| Exercise | Class A Common Stock | 753 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 206 | $75.63 | $16K |
| Exercise | Class A Common Stock | 637 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 175 | $75.63 | $13K |
| Exercise | Class A Common Stock | 1,683 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 461 | $75.63 | $35K |
| Exercise | Class A Common Stock | 1,832 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 502 | $75.63 | $38K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 9,324 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert to Class A Common Stock on a one-for-one basis. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2022. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2023. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2024. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2025. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2026. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2027. Stock is issued when and as vested Each restricted stock unit represents a contingent right to receive one share of KNX Class A Common Stock.
Key Figures
RSU exercises: 11,264 shares
Tax-withholding shares: 1,511 shares
Tax-withholding price: $75.63 per share
+2 more
5 metrics
RSU exercises
11,264 shares
Restricted stock units converted to Class A Common Stock
Tax-withholding shares
1,511 shares
Shares delivered to cover tax liabilities
Tax-withholding price
$75.63 per share
Value used on F-code dispositions
Direct holdings after transactions
9,157 shares
Class A Common Stock held directly post-transaction
Exercise transactions
6 exercises
Derivative exercise transactions (code M) in summary
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Class A Common Stock
4 terms
Restricted Stock Units financial
"Restricted Stock Units convert to Class A Common Stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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 security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"Restricted stock units convert to Class A Common Stock on a one-for-one basis."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transactions did Knight-Swift (KNX) COO James Fitzsimmons report?
James L. Fitzsimmons reported exercising restricted stock units into Class A Common Stock and related tax-withholding dispositions. These transactions reflect routine equity compensation activity rather than open-market buying or selling of Knight-Swift shares.
Are the Knight-Swift (KNX) insider transactions open-market trades?
No, the Form 4 shows derivative exercises of restricted stock units and tax-withholding dispositions. The codes "M" and "F" indicate option/RSU exercises and shares delivered for tax liabilities, not open-market purchases or sales.
How do Knight-Swift (KNX) restricted stock units held by the COO vest?
Footnotes explain multiple restricted stock unit grants vest in five equal annual installments starting on May 31 of grant-related years. Stock is issued when and as the units vest into Knight-Swift Class A Common Stock.