Knight-Swift CFO exercises RSUs, covers taxes in stock
Knight-Swift Transportation Holdings Inc. CFO Andrew Hess reported routine equity compensation activity involving restricted stock units and related tax withholding.
Rhea-AI Filing Summary
Knight-Swift Transportation Holdings Inc. CFO Andrew Hess reported routine equity compensation activity involving restricted stock units and related tax withholding. On May 31, 2026, a total of 1,209 restricted stock units converted into Class A Common Stock.
To satisfy tax obligations, 321 shares of Class A Common Stock were withheld at a reference price of $75.63 per share, leaving Hess with a net increase in holdings. After these transactions, he directly holds 13,069 shares of Class A Common Stock, with no additional derivative positions listed in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,209 shares exercised/converted
Exercise
9 txns
Insider
Hess Andrew
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 315 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 457 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 437 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 315 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 84 | $75.63 | $6K |
| Exercise | Class A Common Stock | 457 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 121 | $75.63 | $9K |
| Exercise | Class A Common Stock | 437 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 116 | $75.63 | $9K |
Holdings After Transaction:
Restricted Stock Units — 1,330 contracts (Direct);
Class A Common Stock — 13,069 shares (Direct)
Footnotes (4)
- F1. Restricted stock units convert to Class A Common Stock on a one-for-one basis.
- F2. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2022. Stock is issued when and as vested.
- F3. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2023. Stock is issued when and as vested.
- F4. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2024. Stock is issued when and as vested.
Key Figures
RSUs converted: 1,209 restricted stock units
Shares withheld for taxes: 321 shares
Reference price: $75.63 per share
+3 more
6 metrics
RSUs converted
1,209 restricted stock units
Converted to Class A Common Stock on May 31, 2026
Shares withheld for taxes
321 shares
Tax-withholding dispositions at $75.63 per share
Reference price
$75.63 per share
Used for tax-withholding share dispositions
Shares held after transactions
13,069 shares
Direct Class A Common Stock holdings after May 31, 2026
Exercise transactions
3 exercises, 1,209 shares
Derivative exercises/conversions reported in transaction summary
Tax-withholding transactions
3 dispositions, 321 shares
F-code transactions for tax liabilities
Key Terms
Restricted stock units, Class A Common Stock, tax-withholding disposition, derivative exercise/conversion, +1 more
5 terms
Restricted stock units financial
"The restricted stock unit grant vests in five equal annual installments beginning May 31, 2022."
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.
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.
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 exercise/conversion financial
"Exercise or conversion of derivative security"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Knight-Swift (KNX) CFO Andrew Hess report?
Knight-Swift CFO Andrew Hess reported routine equity compensation activity. On May 31, 2026, 1,209 restricted stock units converted into Class A Common Stock, and 321 shares were withheld to cover taxes, resulting in a net increase in his direct share holdings.
What do the Knight-Swift (KNX) restricted stock unit footnotes explain?
The footnotes state that each restricted stock unit converts into one share of Class A Common Stock and that the grants vest in five equal annual installments beginning May 31 of 2022, 2023, and 2024, with stock issued when and as the units vest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
