Form 4: Kirby Corp Executive Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Amy D. Husted, Executive VP, General Counsel & Secretary at Kirby Corp, exercised stock options and sold shares on January 24, 2025.
Summary
- Amy D. Husted, an executive at Kirby Corp, engaged in transactions involving the company's stock on January 24, 2025.
- She acquired 4,191 shares of common stock through the vesting of restricted stock units.
- She then disposed of 1,710 shares of common stock at a price of $109.09 per share.
- Following these transactions, she directly owns 7,761 shares of common stock.
- She also has indirect ownership of 3,533 shares through a 401(k) and 200 shares through her husband.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions by an executive, which is neither positive nor negative in itself.
Industry Context
This is a routine filing related to executive compensation and stock transactions, which is common in publicly traded companies.
Comparison to Industry Standards
- Executive stock transactions are a standard practice in publicly traded companies like Kirby Corp.
- The vesting schedules and terms of the restricted stock units are typical for executive compensation packages.
- Companies like Tidewater Inc. (TDW) and Golar LNG Limited (GLNG) also have similar executive compensation structures involving stock options and restricted stock units.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 01/31/2020 | Date of grant for some of the restricted stock units that vest in five equal annual installments beginning on January 24, 2021. |
| 01/29/2021 | Date of grant for some of the restricted stock units that vest in five equal annual installments beginning on January 24, 2022. |
| 01/24/2025 | Date of stock option exercise and sale of shares by Amy D. Husted. |
| 01/28/2025 | Date the Form 4 was signed by Ronald A. Dragg, Agent and Attorney-in-Fact. |
Keywords
Kirby Corp, stock options, insider trading, restricted stock units, executive compensation, Form 4, KEX
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