Form 4: Kirby Corp Executive Kurt A. Niemietz Reports Stock Vesting and Tax Withholding
SEC Form 4 Filing
Kurt A. Niemietz, VP IR & Treasurer of Kirby Corp, reports the vesting of restricted stock units and shares withheld for taxes on April 1, 2024.
Summary
- On April 1, 2024, Kurt A. Niemietz, VP IR & Treasurer of Kirby Corp, reported the vesting of 367 restricted stock units.
- These restricted stock units converted into common stock.
- Additionally, 90 shares were disposed of to cover tax obligations at a price of $94.65 per share.
- Following these transactions, Niemietz directly owns 2,426 shares of Kirby Corp common stock.
Sentiment
Score: 7
Explanation: The document reflects routine insider transactions related to compensation and tax obligations, suggesting a neutral to slightly positive sentiment as it indicates ongoing executive compensation.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices and tax obligations.
Stakeholder Impact
- The vesting of stock options and subsequent tax-related transactions have a minor dilutive effect on existing shareholders.
- The transactions reflect ongoing compensation for a key executive.
Key Dates
| Date | Description |
|---|---|
| 04/01/2019 | Date of grant for the restricted stock units that vest in five equal annual installments. |
| 04/01/2020 | First vesting date of the restricted stock units, with vesting occurring in five equal annual installments. |
| 04/01/2024 | Date of the reported transaction: vesting of restricted stock units and tax withholding. |
| 04/11/2024 | Date of the report filing. |
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.