Form 4: Kirby Corp VP CIO Scott P. Miller Reports Stock Transactions

Scott P. Miller, VP CIO of Kirby Corp, reports the vesting of restricted stock units, tax withholding, and a sale of common stock under a pre-arranged trading plan.

Summary

• On April 8, 2024, Scott P. Miller, VP CIO of Kirby Corp, vested 803 shares of common stock.
• Also on April 8, 2024, 316 shares were withheld for taxes at a price of $99.55.
• On April 11, 2024, Miller sold 487 shares of common stock at a price of $99.78.
• The sale was executed under a Rule 10b5-1 trading plan adopted on August 2, 2023.
• Following these transactions, Miller directly owns 1,000 shares of Kirby Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transactions appear to be routine and pre-planned, with no indication of unusual activity.

Positives

• The transactions are part of a pre-planned trading strategy, suggesting a structured approach to stock management.

Industry Context

Insider transactions are routinely monitored to gauge executive sentiment and ensure compliance with securities regulations. The use of a 10b5-1 trading plan indicates a pre-arranged strategy to avoid accusations of trading on inside information.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are publicly available.
• The transactions reported are typical for executives with stock-based compensation.
• The use of a 10b5-1 trading plan is a common method to sell shares without raising concerns about insider trading, similar to practices at companies like Union Pacific or Kinder Morgan.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders as they are relatively small and part of a pre-arranged plan.

Key Dates