Knight-Swift (KNX) Form 4: Director adds 32.9151 shares via DRIP
Rhea-AI Filing Summary
Col. Douglas L., a director of Knight-Swift Transportation Holdings Inc. (KNX), reported a non-derivative acquisition on 09/22/2025 under a dividend reinvestment plan. The filing shows 32.9151 shares were acquired at a price of $39.74 per share (exempt under Rule 16(a)(11)), increasing his total beneficial ownership to 7,298.9151 shares. The transaction was reported on a Form 4 and executed by an attorney-in-fact, James Brophy. The filing is a routine insider reinvestment of dividends and does not disclose any exercise of options, sales, or other derivative transactions.
Positive
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Insights
TL;DR: Routine dividend reinvestment by a director; small incremental increase in insider shareholding, no sale or material change.
The Form 4 documents a dividend reinvestment purchase of 32.9151 Class A shares at $39.74, bringing the director's total to 7,298.9151 shares. Because the purchase is exempt under Rule 16(a)(11) and represents reinvested dividends rather than a cash buy or sale, this is a non-material, routine ownership change from an economic standpoint. There are no derivative transactions or disposals reported that would signal a change in compensation or liquidity strategy.
TL;DR: Compliance filing shows standard DRIP activity by a director; procedural and disclosure controls appear followed.
The disclosure identifies the reporting person as a director and indicates a Form 4 filed for a dividend reinvestment plan acquisition, executed by an attorney-in-fact. The filing references the Rule 16(a)(11) exemption and provides the post-transaction beneficial ownership. From a governance perspective, this meets routine Section 16 reporting expectations and contains the required details for shareholder transparency. No governance red flags or compensatory arrangements are revealed.