Form 4: Kirby Corp Executive VP and CFO Raj Kumar Sells 1,670 Shares
SEC Form 4 Filing
Raj Kumar, Executive VP and CFO of Kirby Corp, sold 1,670 shares of common stock at $88 per share on February 23, 2024, according to a Form 4 filing with the SEC.
Summary
- On February 23, 2024, Raj Kumar, the Executive VP and CFO of Kirby Corp, sold 1,670 shares of the company's common stock.
- The sale was executed at a price of $88 per share.
- Following the transaction, Kumar directly owns 5,617 shares of Kirby Corp.
- The sale was conducted under a Rule 10b5-1 trading plan adopted on August 21, 2023.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 08/21/2023 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 02/23/2024 | Date of the transaction (stock sale) |
| 02/27/2024 | Date of the signature on the Form 4 filing |
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