Form 4: Kirby Corp Executive VP and CFO Raj Kumar Sells Shares Under 10b5-1 Plan
SEC Form 4
Raj Kumar, Executive VP and CFO of Kirby Corp, sold 2,228 shares of common stock at $92 per share on March 22, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 22, 2024, Raj Kumar, the Executive VP and CFO of Kirby Corp, sold 2,228 shares of Kirby Corp common stock.
- The sale was executed at a price of $92 per share.
- Following the transaction, Mr. Kumar directly owns 1,719 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 the filing simply reports a stock sale under a pre-existing 10b5-1 plan, which is a common and legal practice.
Industry Context
Insider sales are a common occurrence and are often viewed in the context of overall company performance and industry trends. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on immediate inside information.
Key Dates
| Date | Description |
|---|---|
| 08/21/2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 03/22/2024 | Date of the transaction (stock sale) |
| 03/25/2024 | Date of signature on the Form 4 filing |
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