Knight-Swift (KNX) director Louis Hobson gets annual 2,337-share stock grant
Rhea-AI Filing Summary
Hobson Louis reported acquisition or exercise transactions in this Form 4 filing.
Knight-Swift Transportation Holdings Inc. director Louis Hobson received an equity grant of 2,337 shares of Class A Common Stock at $59.90 per share as part of his director compensation. This annual stock grant to non-employee directors is made under a shareholder-approved plan at or near the annual meeting. Following this award, Hobson directly holds 8,347 shares.
Positive
- None.
Negative
- None.
Insights
Routine, shareholder-approved director stock grant with modest size.
The filing shows non-employee director Louis Hobson received 2,337 shares of Knight-Swift Class A Common Stock at $59.90 per share as a compensation grant. The footnote explains this is part of the regular annual equity program for outside directors.
These shares are granted once a year at or near the annual meeting, with the price based on the closing market price on that date and the plan approved by shareholders. After the grant, Hobson holds 8,347 shares directly, indicating a relatively small, ongoing ownership stake rather than a large market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 2,337 | $59.90 | $140K |
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
Key Terms
Class A Common Stock financial
Grant, award, or other acquisition financial
director compensation financial
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