Form 4: Kirby Corp COO Exercises RSUs, Sells Shares for Tax
Insider Transaction Report
Kirby Corp's President and COO, Christian G. O'Neil, exercised 2,660 restricted stock units and sold 1,098 shares to cover tax obligations.
Summary
- Christian G. O'Neil, President and COO of Kirby Corp (KEX), engaged in a transaction involving the company's common stock on January 24, 2026.
- O'Neil acquired 2,660 shares of common stock through the exercise of restricted stock units (RSUs) at a price of $0 per share.
- Concurrently, O'Neil disposed of 1,098 shares of common stock at a price of $128.7 per share to satisfy tax withholding obligations related to the RSU vesting.
- Following these transactions, O'Neil directly beneficially owns 16,397 shares of common stock.
- Additionally, O'Neil indirectly beneficially owns 5,670 shares of common stock through a 401(k) plan.
- The restricted stock units were granted on January 29, 2021, and vest in five equal annual installments, with the first vesting occurring on January 24, 2022.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction involving the exercise of restricted stock units and subsequent sale of shares for tax purposes. This is a neutral event, reflecting standard executive compensation and tax management, with no significant positive or negative implications for the company's operational or financial performance.
Positives
- The exercise of restricted stock units indicates a routine compensation event, aligning management's interests with shareholders through equity ownership.
Negatives
- A portion of the acquired shares (1,098 shares) was sold to cover tax liabilities, resulting in a reduction of direct beneficial ownership from the gross amount received.
Stakeholder Impact
- Shareholders: The transaction is a routine insider compensation event and tax-related sale, which typically has minimal direct impact on the broader shareholder base or stock price.
Key Dates
| Date | Description |
|---|---|
| 01/29/2021 | Date Restricted Stock Units (RSUs) were granted. |
| 01/24/2022 | Date of the first annual vesting installment for the granted RSUs. |
| 01/24/2026 | Date of the reported transactions (RSU exercise and share disposition). |
| 01/27/2026 | Date the Form 4 filing was signed by the reporting person's agent. |
Keywords
Kirby Corp, KEX, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Sale, Officer Compensation, Christian G. O'Neil
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