Knight-Swift (NYSE: KNX) director gets annual trust-held stock award
Rhea-AI Filing Summary
MUNRO KATHRYN L reported acquisition or exercise transactions in this Form 4 filing.
Knight-Swift Transportation Holdings Inc. director Kathryn L. Munro received an equity grant of 3,171 shares of Class A Common Stock as part of her annual director compensation. The shares were valued at $59.90 per share, based on the closing market price on the annual shareholder meeting date.
These shares are held indirectly in a trust, bringing her reported indirect holdings to 38,757 shares. The filing describes this as a routine yearly stock grant made under a shareholder-approved plan for non-employee directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,171 shares
Net Buy
1 txn
Insider
MUNRO KATHRYN L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 3,171 | $59.90 | $190K |
Holdings After Transaction:
Class A Common Stock — 38,757 shares (Indirect, Trust)
Footnotes (1)
- F1. Each director of Knight-Swift Transportation Holdings Inc. ("Knight-Swift") who is not employed by Knight-Swift receives an annual grant of shares of Knight-Swift Class A Common Stock as a portion of his/her director compensation. The Knight-Swift stock is granted once a year at or near the annual meeting of shareholders. The price per share is based upon the closing market price for shares as of the date of the annual meeting. The plan, pursuant to which the grants are made, was approved by the shareholders.
Key Figures
Director stock grant: 3,171 shares
Grant valuation price: $59.90 per share
Post-grant indirect holdings: 38,757 shares
3 metrics
Director stock grant
3,171 shares
Class A Common Stock awarded as director compensation
Grant valuation price
$59.90 per share
Based on closing market price on annual meeting date
Post-grant indirect holdings
38,757 shares
Total Knight-Swift Class A Common Stock held in trust after grant
Key Terms
Class A Common Stock, director compensation, annual meeting of shareholders, closing market price, +1 more
5 terms
Class A Common Stock financial
"receives an annual grant of shares of Knight-Swift Class A Common Stock as a portion"
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.
director compensation financial
"receives an annual grant of shares ... as a portion of his/her director compensation"
closing market price financial
"The price per share is based upon the closing market price for shares as of the date"
Trust financial
"direct_or_indirect: "I", nature_of_ownership: "Trust""
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Knight-Swift (KNX) director Kathryn L. Munro report in this Form 4?
Kathryn L. Munro reported receiving 3,171 shares of Knight-Swift Class A Common Stock as a director compensation grant. The shares were awarded under a shareholder-approved plan and are held indirectly through a trust associated with her.
Is this Knight-Swift (KNX) Form 4 a market purchase or part of director compensation?
The Form 4 reports a grant classified as a director compensation award, not an open-market purchase. Non-employee Knight-Swift directors receive annual stock grants once a year around the shareholder meeting under a shareholder-approved compensation plan.
How often do Knight-Swift (KNX) non-employee directors receive stock grants?
Non-employee directors of Knight-Swift receive an annual grant of Class A Common Stock as part of their compensation. The stock is granted once a year at or near the annual meeting of shareholders, according to the disclosed compensation plan.