Form 4: Kirby Corp Director Richard Ross Stewart Reports Stock Option Exercise and Share Disposals

Director Richard Ross Stewart exercised stock options and disposed of shares of Kirby Corp on April 25, 2024.

Summary

• On April 25, 2024, Richard Ross Stewart, a director of Kirby Corp, exercised stock options to acquire 6,000 shares of common stock at a price of $99.52 per share.
• On the same day, Stewart disposed of 5,324 shares to cover tax obligations at a price of $112.16.
• Following these transactions, Stewart directly owns 22,336 shares of Kirby Corp common stock.
• The exercised stock options were originally granted on October 29, 2014, and became exercisable on April 29, 2024.
• Ronald A. Dragg, acting as Agent and Attorney-in-Fact, signed the report on April 29, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment. It reflects routine financial activity.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the director's holdings, but the overall impact is likely minimal.

Key Dates