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Knight-Swift Transportation Holdings Inc. Form 4 Filings

KNX NYSE

Every Form 4 that Knight-Swift Transportation Holdings Inc. (KNX) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A Form 4 covers the transactions officers, directors and large holders report, so if you follow KNX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KNX filings page.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. (KNX) reports that Vice Chairman and director Gary J. Knight made a bona fide gift of 111,740 shares of Class A Common Stock on September 2, 2026. The shares were transferred for no consideration to the Kimberley Knight Qualified Irrevocable Trust and are reported as indirect ownership. Following this gift, 2,602,998 shares are held indirectly in trust. No Rule 10b5-1 trading plan is reported for this transaction.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. director and officer Dove Reid reported two indirect sales of Class A Common Stock held “By Foundation.” On August 12, 2026, the associated foundation sold 42,290 shares at a weighted average price of $71.4898 per share in multiple transactions within a price range of $70.445 to $72.215. On August 13, 2026, it sold an additional 126,864 shares at a weighted average price of $73.1320 per share, with individual sale prices ranging from $72.99 to $73.455. In total, the filing reports indirect open-market or private sales of 169,154 shares; post-transaction holdings are not stated.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. director David Vander Ploeg reported a sale of 2,200 shares of Class A Common Stock on 2026-08-12. The shares were held as indirect ownership through a trust and were sold at $52.33 per share. Following this transaction, the trust-related holdings reported for him total 30,252 shares.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. executive Cary M. Flanagan, Exec VP and CAO, reported a sale of 3,600 shares of Class A Common Stock on 2026-07-31 at $70.82 per share in an open-market or private transaction. After this sale, Flanagan directly holds 5,405 shares of the company’s stock.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. director Dove Reid reported a sale of 50,000 shares of Class A Common Stock on July 31, 2026. The transaction was executed indirectly through a foundation at a weighted average price of $70.2458 per share, with individual trade prices ranging from $70.00 to $70.99. Following this sale, the foundation holds 169,154 shares of Knight-Swift Class A Common Stock. The sale was not marked as pursuant to a Rule 10b5-1 trading plan.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. Executive Vice President and Chief Accounting Officer Cary M. Flanagan reported routine equity compensation activity involving restricted stock units on May 31, 2026. He exercised derivative awards to acquire a total of 7,369 shares of Class A Common Stock as units vested and converted one-for-one into shares.

To cover tax obligations associated with these vestings, a total of 1,722 shares of Class A Common Stock were withheld at a price of $75.63 per share, reported as tax-withholding dispositions rather than open-market sales. Following these transactions, Flanagan directly holds 7,058 shares of Class A Common Stock. The filing also notes that each restricted stock unit grants a contingent right to receive one share of Knight-Swift Class A Common Stock, with multiple grants vesting in five equal annual installments beginning on various May 31 dates.

Rhea-AI 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.

Rhea-AI 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.

Rhea-AI Summary

Vitiritto Joseph A. reported acquisition or exercise transactions in this Form 4 filing.

Knight-Swift Transportation Holdings Inc. reported that President Joseph A. Vitiritto received a grant of 3,966 restricted stock units. Each unit represents a contingent right to receive one share of Class A common stock.

The grant vests in five equal annual installments beginning on May 31, 2027, with stock issued only when and as each portion vests. Following this grant, Vitiritto’s reported derivative holdings from this award total 3,966 units, reflecting routine equity-based compensation rather than an open-market transaction.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. executive Prickett Wilburn Douglas III, President and COO of AAA Transportation, reported routine equity compensation activity involving restricted stock units and Class A Common Stock. On May 31, 2026, he exercised derivative awards to acquire shares and had a portion withheld to cover tax obligations.

The transactions show 4,512 shares of Class A Common Stock acquired through derivative exercises and 745 shares disposed of as tax-withholding at $75.63 per share. Following these transactions, he directly holds 5,046 shares of Class A Common Stock, along with 685 restricted stock units that remain outstanding.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. reported that director Douglas L. Col acquired 2,337 shares of Class A Common Stock as a stock award. The shares were granted as part of his annual director compensation at a price of $59.90 per share, based on the closing market price on the grant date. Following this grant, Col directly holds a total of 9,635.9151 Knight-Swift shares.

Rhea-AI Summary

Boerger Amy reported acquisition or exercise transactions in this Form 4 filing.

Knight-Swift Transportation Holdings Inc. director Amy Boerger received an annual grant of 966 shares of Class A Common Stock as part of her director compensation. The grant was priced at $59.90 per share, based on the closing market price on the annual meeting date. Following this award, she directly holds 6,633 shares of Knight-Swift Class A Common Stock. The grant was made under a shareholder-approved plan that provides annual stock awards to non-employee directors at or near the annual shareholders meeting.

Rhea-AI Summary

Powell Jessica reported acquisition or exercise transactions in this Form 4 filing.

Knight-Swift Transportation Holdings Inc. reported that director Jessica Powell received an award of Class A Common Stock as part of her annual director compensation. She was granted 2,337 shares at $59.90 per share. Following this equity grant, she directly holds 10,009 shares of Knight-Swift stock. The shares are issued once a year at or near the annual meeting of shareholders, with the price based on the closing market price on the meeting date under a shareholder-approved compensation plan.

Rhea-AI 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.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. director David Vander Ploeg reported an acquisition of 2,504 shares of Class A Common Stock on May 12, 2026. The shares were granted as part of annual director compensation to a trust and priced at $59.90 per share, bringing his indirect holdings to 32,452 shares.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. director Roberta Roberts Shank reported an equity compensation grant and updated holdings. She received 4,006 shares of Class A Common Stock as a grant, award, or other acquisition at $59.90 per share as part of her annual non-employee director compensation plan, which bases the grant price on the closing market price at the annual shareholder meeting. Following this grant, she directly holds 36,105 shares of Class A Common Stock. A separate indirect holding entry reflects 3,661 shares held through a trust, representing an additional ownership position reported on an indirect basis.

Rhea-AI Summary

GARNREITER MICHAEL reported acquisition or exercise transactions in this Form 4 filing.

Knight-Swift Transportation Holdings Inc. director Michael Garnreiter received a grant of 2,838 shares of Class A Common Stock as part of his director compensation. The shares were valued at $59.90 per share, based on the closing market price on the annual meeting date under a shareholder-approved plan.

Following this grant, Garnreiter directly holds 12,318 shares of Class A Common Stock and also has an indirect interest in 9,485 shares held through a trust.

Rhea-AI 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.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller exercised restricted stock units that converted into 18,513 shares of Class A Common Stock on a one-for-one basis. As part of this vesting, 8,131 shares were withheld at $55.10 per share to cover tax obligations, rather than sold in the open market.

After these compensation-related transactions, he directly holds 179,822 shares of Knight-Swift Class A Common Stock. The activity reflects routine RSU vesting and associated tax withholding rather than discretionary buying or selling of shares.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller exercised 17,758 Performance Restricted Stock Units, converting them into the same number of shares of Class A Common Stock on a one-for-one basis. As part of this vesting event, 7,699 shares were delivered at $55.10 per share to cover tax obligations, a non-market “F” code tax-withholding disposition. Following these transactions, Miller directly holds 189,881 shares of Class A Common Stock, with no remaining units from this particular performance award.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller reported a routine equity compensation event involving performance-based restricted stock units. On March 12, 2026, he exercised 17,758 Performance Restricted Stock Units, which converted into an equal number of shares of Class A Common Stock on a one-for-one basis.

The filing shows these shares were issued into a joint account with his spouse, and 7,699 of the resulting shares were disposed of to cover tax obligations at a price of $55.10 per share. After these tax-withholding transactions, the joint account held 189,881 shares of Class A Common Stock. The footnotes explain that the units vested on January 31, 2026, with performance target attainment determined and approved on March 12, 2026, when the shares were issued.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller reported the vesting and conversion of restricted stock units into Class A common stock, together with related tax withholding in shares. On January 31, 2026, he exercised RSUs that convert to common stock on a one-for-one basis, increasing indirect holdings in a joint account with his spouse. A total of 8,131 shares of Class A common stock were delivered to cover tax liabilities at a price of $55.10 per share, leaving 179,822 shares held indirectly in the joint account following the transactions.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. Executive Chairman Kevin P. Knight exercised 19,180 Performance Restricted Stock Units, converting them into the same number of Class A Common shares at an exercise price of $0.00. On the same date, 4,670 shares were automatically disposed of at $55.10 per share to satisfy tax obligations, leaving Knight with 28,519 shares held directly. A further 1,305,347 shares are reported as held indirectly through a trust. Footnotes explain that the restricted stock units converted into common stock on a one-for-one basis, with vesting on January 31, 2026 and performance attainment approved on March 12, 2026.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. Vice Chairman Gary J. Knight exercised performance-based restricted stock units into 5,682 shares of Class A Common Stock on March 12, 2026, following approval of performance target attainment. These units convert to common stock on a one-for-one basis.

To cover tax obligations, 2,805 shares of Class A Common Stock were disposed of at $55.10 per share through tax withholding, leaving 2,877 shares from this vesting in his direct holdings. In addition to these direct shares, he also has 2,711,861 shares held indirectly through a trust.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller reported compensation-related equity activity involving performance restricted stock units. On March 12, 2026, 17,758 performance RSUs were exercised and converted into the same number of shares of Class A Common Stock at a stated price of $0.00 per share, following vesting on January 31, 2026 and performance approval on March 12, 2026.

Of these shares, 7,699 shares of Class A Common Stock were disposed of at $55.10 per share to satisfy exercise price or tax liabilities, leaving 20,441 shares of Class A Common Stock held directly after the transactions. In addition, a separate holding entry shows 169,440 shares of Class A Common Stock held indirectly through a trust.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. officer Joshua Smith, CFO of US Xpress, reported a bona fide gift of 1,550 shares of Class A common stock on February 26, 2026. After this gift transfer, Smith’s directly held ownership stands at 7,664 shares of Knight-Swift stock.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. executive Joshua Smith, CFO - US Xpress, sold 5,770 shares of Class A Common Stock in an open-market transaction at a weighted average price of $60.914 per share. After this sale on February 26, 2026, he directly owned 9,214 shares.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. Executive Chairman Kevin P. Knight reported an indirect sale of Class A common stock. On February 20, 2026, a trust associated with him sold 30,000 shares in open-market transactions at a weighted average price of $61.0029 per share. After these sales, the trust held 1,305,347 shares, and Knight also reported 14,009 shares held directly.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. Executive Chairman Kevin P. Knight reported indirect open-market sales of a total of 70,000 shares of Class A common stock through a trust on February 17–18, 2026. Reported weighted-average sale prices ranged around the low $60 area per share, with individual trades executed within disclosed price ranges. Following these trust sales, Knight reported continued indirect ownership of more than 1.33 million shares, plus a separate direct holding of 14,009 shares.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. officer Timothy Sean Harrington, President of US Xpress, sold 8,500 shares of Class A common stock on February 10, 2026 in an open market transaction. The weighted average sale price was $59.8069 per share, with individual prices ranging from $59.6005 to $60.0489. After this sale, Harrington directly owns 5,812 Knight-Swift shares.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. reported an insider transaction by Michael K. Liu, its EVP - Operations.

On February 4, 2026, Liu sold 1,243 shares of Class A common stock at a price of $60.87 per share, leaving him with 0 shares of this stock held directly after the transaction.

Rhea-AI Summary

Knight-Swift Transportation Holdings Chief Operating Officer of Swift Transportation, James L. Fitzsimmons, reported a sale of Class A common stock. On February 4, 2026, he sold 5,917 shares at a weighted average price of $54.77 per share, in multiple trades priced between $48.64 and $59.10. After this transaction, he directly beneficially owns 8,716 shares of Knight-Swift common stock.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. reported an insider equity transaction by SR VP - Logistics Reed StultzJanuary 31, 2026, 524 restricted stock units converted into Class A common stock at $0 exercise price. To cover taxes, 166 shares of Class A common stock were withheld at $55.10 per share.

Following these transactions, Stultz directly owned 823 shares of Class A common stock and indirectly held 2,246 shares through a 401(k) plan. Footnotes state these totals include shares owned by Megan Stultz.

Rhea-AI Summary

Knight-Swift Transportation Holdings reported an insider equity transaction by Joshua Smith, CFO - US Xpress. On January 31, 2026, 1,695 restricted stock units converted into the same number of Class A common shares at $0 exercise price, reflecting normal vesting of prior equity awards.

To cover associated obligations, 431 Class A shares were withheld at $55.10 per share, leaving Smith with 14,984 Class A shares directly owned and 3,633 restricted stock units remaining. The grant vests in seven annual installments from January 31, 2022 through January 31, 2028.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. CEO Adam W. Miller, who is also a director, reported multiple equity compensation transactions dated January 31, 2026. Several blocks of restricted stock units (RSUs) vested and were converted one-for-one into Class A common stock, including 6,134, 5,709, and 6,670 RSUs.

To cover tax withholding on these vestings, Miller had shares of Class A common stock withheld or disposed of at $55.10 per share, in amounts such as 2,764, 2,475, and 2,892 shares, leaving updated direct holdings after each transaction line. The filing also reports 169,440 Class A shares held indirectly through a trust.

Rhea-AI Summary

Knight-Swift Transportation executive Michael K. Liu, EVP – Operations, reported routine equity compensation activity. On January 31, 2026, 2,422 restricted stock units converted into the company’s Class A common stock on a one-for-one basis.

To cover tax obligations related to this vesting, 1,179 shares of Class A common stock were withheld at a price of $55.10 per share. After these transactions, Liu directly held 1,243 shares of Knight-Swift Class A common stock.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. Executive Chairman Kevin P. Knight reported multiple equity award transactions dated January 31, 2026. Several blocks of restricted stock units were converted into Class A common stock, including 6,625 shares, 6,166 shares, and 6,004 shares, each at an exercise price of $0 per share, reflecting vesting of previously granted awards.

On the same date, Knight reported dispositions coded "F" of 1,725 shares and 1,502 shares of Class A common stock at $55.10 per share, and 1,559 shares at $0 per share. Following these transactions, he directly held 14,009 Class A shares and indirectly held 1,405,347 Class A shares through a trust. The footnotes state that restricted stock units convert into Class A common stock on a one-for-one basis and describe vesting schedules through January 31, 2028.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. director and vice chairman Gary J. Knight reported multiple equity transactions on January 31, 2026 tied to restricted stock unit (RSU) vesting. RSUs converting to Class A common stock on a one-for-one basis generated share issuances of 1,963, 1,827, and 1,778 shares.

To cover tax withholding on these vestings, the company withheld 1,073, 939, and 878 shares at a price of $55.10 per share. Following these transactions, Knight held 2,678 Class A common shares directly and 2,709,183 shares indirectly through a trust. Footnotes show additional RSU awards vesting in stages through 2028, with stock issued when and as vested.

Rhea-AI Summary

Knight-Swift Transportation Holdings’ CFO Andrew Hess reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On January 31, 2026, RSUs converted into Class A Common Stock on a one-for-one basis in three transactions of 1,621, 1,693, and 1,889 shares.

To cover taxes, shares were withheld in three separate transactions of 514, 496, and 498 shares at a price of $55.10 per share. After these transactions, Hess directly held 12,181 shares of Class A Common Stock. Footnotes show that certain RSU awards vest in scheduled annual installments through January 31, 2028, with stock issued when and as vested.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. executive Timothy Sean Harrington, President of US Xpress, reported equity compensation activity involving company stock. On January 31, 2026, 2,422 restricted stock units converted into the same number of Class A common shares at an exercise price of $0.

On the same date, 954 Class A shares were withheld at $55.10 per share in a transaction coded "F," typically used for tax withholding on vested awards. After these transactions, Harrington directly owned 14,312 Class A common shares of Knight-Swift.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. executive Cary M. Flanagan, Exec VP and CAO, reported routine equity compensation activity. On January 31, 2026, 2,422 restricted stock units converted into the same number of Class A Common shares. These units convert to stock on a one-for-one basis as they vest.

On the same date, 1,205 Class A Common shares were disposed of at $55.1 per share in a transaction coded “F,” indicating shares withheld to cover taxes. After these transactions, Flanagan directly owned 6,861 Class A Common shares.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. executive James L. Fitzsimmons, COO of Swift Transportation, reported routine equity compensation activity. On January 31, 2026, 2,422 restricted stock units converted into Class A Common Stock on a one-for-one basis at an exercise price of $0.

On the same date, 1,130 shares of Class A Common Stock were disposed of at $55.10 per share in a transaction coded "F". After these transactions, Fitzsimmons directly held 14,633 shares of Knight-Swift Class A Common Stock.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. reported that its Executive Chairman, who also serves as a director, sold Class A common stock held indirectly through a trust. On 12/09/2025, the trust sold 35,000 shares in an open-market transaction at a weighted average price of $51.012 per share. After this sale, the trust still holds 1,405,347 Knight-Swift shares.

The shares were sold in multiple trades within a price range of $50.84 to $51.29 per share, with the weighted average reported. The reporting person has indicated a willingness to provide details on the number of shares sold at each individual price within this range upon request.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. reported an insider transaction by its Senior Vice President of Logistics. On 12/04/2025, the officer sold 4,692 shares of Class A common stock, reported with transaction code "S" for a sale. The weighted average sale price was $51.505 per share, with individual trades ranging from $51.505 to $51.5075.

After this transaction, the reporting person beneficially owned 465 Class A shares directly and 2,246 shares indirectly through a 401(k) plan. The indirect totals include shares owned by Megan Stultz, as noted in the footnotes.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. CFO files insider transaction report

The Chief Financial Officer of Knight-Swift Transportation Holdings Inc. reported one transaction involving the company’s Class A common stock. On 12/02/2025, the officer disposed of 500 shares coded as transaction type “G,” which typically denotes a gift, at a reported price of $0 per share. After this transaction, the officer beneficially owns 8,486 shares of Knight-Swift Class A common stock in direct form.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. director reported a change in ownership of company stock. On 12/03/2025, the reporting person disposed of 2,800 shares of Class A common stock in a transaction coded "G," which indicates a bona fide gift, at a stated price of $0 per share. After this gift, the director beneficially owns 6,010 shares of Knight-Swift Class A common stock in direct form.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. reported an insider transaction on a Form 4 filing involving one of its directors. On 12/01/2025, the director reported a transaction in Class A common stock coded “G,” which indicates a gift. The filing shows 3,604 shares of Class A common stock were disposed of as a gift at a reported price of $0 per share.

After this transaction, the director’s indirect beneficial ownership stands at 29,948 shares, held through a trust. The form indicates it was filed by one reporting person, in their capacity as a director of Knight-Swift.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. reported an insider equity award transaction for a director and officer (Vice Chairman) on 11/28/2025 via a Form 4 filing. The reporting person received 6,986 restricted stock units, each representing a contingent right to one share of KNX Class A common stock, vesting 33% on January 31, 2027, 33% on January 31, 2028, and 34% on January 31, 2029.

The filing also shows grants of performance-based restricted stock units: 3,493 units and 6,986 units, each tied to performance targets over a period ending December 31, 2028. The number of shares ultimately earned under these performance awards may be adjusted based on results, and any shares earned will vest on January 31, 2029.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. (KNX) reported an equity award to its Chief Financial Officer, who also serves as a director, effective November 28, 2025. The filing shows grants of 8,733 restricted stock units, each representing a contingent right to receive one share of KNX Class A common stock, vesting 33% on January 31, 2027, 33% on January 31, 2028, and 34% on January 31, 2029. In addition, the officer received 4,366 performance-based restricted stock units and a further 8,733 performance-based restricted stock units, each tied to performance targets over a period ending December 31, 2028, with shares earned vesting on January 31, 2029. All awards were reported at an exercise price of $0, reflecting their nature as equity compensation rather than market purchases.

Rhea-AI Summary

Knight-Swift Transportation Holdings Inc. reported new equity awards to an individual who serves as both a director and CEO. On November 28, 2025, the insider received 27,947 restricted stock units, each representing a contingent right to one share of Class A common stock, vesting 33% on January 31, 2027, 33% on January 31, 2028, and 34% on January 31, 2029.

The filing also discloses performance-based awards. The insider received 13,973 performance restricted stock units and an additional 27,947 performance restricted stock units, each tied to performance targets over a period ending December 31, 2028. The number of shares ultimately earned from these performance units will adjust based on achieving the specified targets, with earned shares vesting on January 31, 2029.