Form 4: Kirby Corp Executive Amy D. Husted Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Amy D. Husted, VP, General Counsel & Secretary of Kirby Corp, exercised stock options and sold shares under a pre-arranged 10b5-1 trading plan.
Summary
- On May 28, 2024, Amy D. Husted, VP, General Counsel & Secretary of Kirby Corp, executed a transaction involving the company's common stock.
- Husted exercised employee stock options to acquire 2,853 shares at an exercise price of $75.50.
- Simultaneously, Husted sold 7,853 shares of common stock at a price of $122.50 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 26, 2024.
- Following these transactions, Husted directly owns 5,280 shares of Kirby Corp common stock and 2,853 derivative securities (Employee Stock Options).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction under a pre-existing plan.
Industry Context
This filing is a routine disclosure of insider transactions. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading. The exercise of options and subsequent sale is a typical wealth management strategy.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date Employee Stock Options Exercisable |
| 02/26/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 02/22/2025 | Date Employee Stock Options Expiration |
| 05/28/2024 | Date of transaction (exercise of options and sale of shares) |
| 05/29/2024 | Date of signature on the Form 4 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.