Form 4: Kirby Corp CEO David W. Grzebinski Executes Stock Option and Sells Shares
SEC Form 4 Filing
CEO David W. Grzebinski exercised stock options and sold shares of Kirby Corp on September 16, 2024.
Summary
- On September 16, 2024, David W. Grzebinski, CEO of Kirby Corp, exercised employee stock options to acquire 26,358 shares of common stock at a price of $75.50 per share.
- Simultaneously, Grzebinski sold 26,358 shares of Kirby Corp common stock at a weighted average price of $120.46, with prices ranging from $120.22 to $120.86.
- Following these transactions, Grzebinski directly owns 63,399 shares of Kirby Corp common stock.
- He also continues to hold options for an additional 26,358 shares.
Sentiment
Score: 5
Explanation: The document is a factual report of stock transactions, with no inherent positive or negative sentiment. It reflects standard executive compensation practices.
Industry Context
This filing reflects routine transactions by a company insider and is typical for executive compensation and portfolio management. It provides insight into executive sentiment and alignment with shareholder interests.
Comparison to Industry Standards
- Executive stock option exercises and sales are common across publicly traded companies.
- The specific details, such as the number of shares and prices, are company-specific and depend on individual compensation packages and market conditions.
- Comparable companies in the marine transportation industry, such as Tidewater Inc. and SEACOR Marine Holdings Inc., also see similar filings from their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date employee stock options were exercisable |
| 02/22/2025 | Expiration date of employee stock options |
| 09/16/2024 | Date of stock option exercise and share sale |
| 09/17/2024 | Date of Form 4 filing |
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