Form 4: Kirby Corp Executive Ronald Dragg Reports Stock Transactions

Ronald Dragg, Vice President and Controller of Kirby Corp, reports the vesting and disposal of restricted stock units and subsequent acquisition of common stock.

Summary

• Ronald A. Dragg, Vice President and Controller of Kirby Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 3, 2025, Dragg vested 2,238 shares of common stock from restricted stock units.
• Also on February 3, 2025, Dragg disposed of 544 shares of common stock to cover tax obligations at a price of $107.14 per share.
• On January 31, 2025, Dragg was granted 2,750 restricted stock units which vest in five equal annual installments beginning on February 3, 2026.
• Following these transactions, Dragg directly owns 10,325 shares of Kirby Corp common stock and 2,750 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The reporting person will continue to receive shares as restricted stock units vest over the next several years.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Monitoring insider transactions is a standard practice in corporate governance, ensuring compliance with SEC regulations.
• Companies like Tidewater Inc and SEACOR Marine Holdings also have similar insider trading reporting requirements.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.

Key Dates

Keywords

Form 4, Kirby Corp, KEX, Ronald Dragg, Stock Options, Restricted Stock Units, Beneficial Ownership, Insider Trading