Form 4: Kirby Corp Executive William Matthew Woodruff Reports Stock Transactions
SEC Form 4 Filing
William Matthew Woodruff, VP of Public and Government Affairs at Kirby Corp, reports the vesting and subsequent transactions of restricted stock units.
Summary
- On February 3, 2025, William Matthew Woodruff, VP of Public and Government Affairs at Kirby Corp, reported transactions involving restricted stock units and common stock.
- 880 shares of common stock were acquired upon the vesting of restricted stock units.
- 374 shares were disposed of to cover tax obligations at a price of $107.14 per share.
- The transactions were related to restricted stock units granted on January 28, 2022, February 1, 2023, February 2, 2024 and January 31, 2025, which vest in five equal annual installments.
- Following these transactions, Woodruff directly owns 1,826 shares of common stock and holds rights to 1,145 restricted stock units granted on January 31, 2025, 1,196 restricted stock units granted on February 2, 2024, 834 restricted stock units granted on February 1, 2023 and 606 restricted stock units granted on January 28, 2022.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock units granted on January 31, 2025, vest in five equal annual installments beginning on February 3, 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice in publicly traded companies. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Companies like Tidewater, SEACOR Marine Holdings, and Hornbeck Offshore Services, which are also in the marine transportation industry, have similar insider transaction reporting requirements.
- The vesting schedules and tax-related disposals are typical components of executive compensation packages across various industries.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
- Employees may be interested in the details of executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| 01/28/2022 | Restricted stock units granted, vesting in five equal annual installments beginning on February 3, 2023. |
| 02/01/2023 | Restricted stock units granted, vesting in five equal annual installments beginning on February 3, 2024. |
| 02/02/2024 | Restricted stock units granted, vesting in five equal annual installments beginning on February 3, 2025. |
| 01/31/2025 | Date of transaction involving restricted stock units and common stock; restricted stock units granted, vesting in five equal annual installments beginning on February 3, 2026. |
| 02/03/2025 | Date of transaction involving restricted stock units and common stock. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Kirby Corp, KEX, Restricted Stock Units, Beneficial Ownership, Insider Trading, William Matthew Woodruff
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