Form 4: Kirby Corp Executive Reports Stock Transactions

A Kirby Corp executive, William Matthew Woodruff, reported the vesting of restricted stock units and the subsequent withholding of shares to cover tax obligations.

Summary

• William Matthew Woodruff, a VP at Kirby Corp, reported transactions involving restricted stock units.
• On January 24, 2025, 667 restricted stock units vested, resulting in the acquisition of 667 shares of common stock.
• Also on January 24, 2025, 288 shares were withheld to cover tax obligations at a price of $109.09 per share.
• The transactions resulted in a net increase of 379 shares of common stock held directly by Mr. Woodruff.
• The restricted stock units were granted in 2020 and 2021 and vest in five equal annual installments.

Sentiment

Score: 7

Explanation: The document reflects routine executive compensation activity, which is neither particularly positive nor negative. The transactions are expected and do not indicate any significant change in the company's outlook.

Positives

• The vesting of restricted stock units indicates a form of compensation for the executive.
• The executive's continued holding of shares suggests confidence in the company's future.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• The vesting of restricted stock units is a common practice for executive compensation in publicly traded companies.
• The tax withholding of shares is a standard procedure to cover tax obligations related to stock-based compensation.
• Similar filings are regularly made by executives at companies like Tidewater, Inc. and Golar LNG Limited, which also operate in the maritime and energy sectors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small change in the total shares outstanding.
• The executive's compensation is a matter of interest for shareholders.

Key Dates

Keywords

Kirby Corp, stock transaction, restricted stock units, insider trading, Form 4, executive compensation, vesting