Form 4: Kirby Corp Director William M. Waterman Exercises Stock Options and Disposes of Shares
SEC Form 4
Director William M. Waterman exercised stock options and disposed of shares of Kirby Corp on April 24, 2024.
Summary
- On April 24, 2024, William M. Waterman, a director of Kirby Corp, exercised stock options to acquire 6,000 shares of common stock at a price of $99.52 per share.
- Simultaneously, Waterman disposed of 5,910 shares to cover tax obligations at a price of $101.05.
- Following these transactions, Waterman directly owns 85,488 shares of Kirby Corp common stock.
- The exercised stock options were originally granted on October 29, 2014, and became exercisable on April 29, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing reflects routine transactions by a company insider and is typical for executive compensation and stock option plans.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the exercise of stock options and subsequent sale of shares by a director.
Key Dates
| Date | Description |
|---|---|
| 10/29/2014 | Original grant date of the stock options |
| 04/24/2024 | Date of transaction: exercise of stock options and disposal of shares |
| 04/29/2024 | Date the stock options became exercisable |
| 04/26/2024 | Date of signature for the Form 4 filing |
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