Form 4: Kirby Corp VP Exercises RSUs, Sells Shares

Kirby Corp's VP of Public and Government Affairs, William Matthew Woodruff, exercised restricted stock units and subsequently sold shares to cover tax obligations.

Summary

• William Matthew Woodruff, VP of Public and Government Affairs at Kirby Corp (KEX), reported transactions on January 24, 2026.
• Exercised 394 Restricted Stock Units (RSUs) into common stock at a price of $0.
• Disposed of 167 shares of common stock at $128.70 per share to cover tax liabilities related to the RSU vesting.
• Following these transactions, Woodruff beneficially owns 2,053 shares of Kirby Corp common stock.
• The Restricted Stock Units were granted on January 29, 2021, and vest in five equal annual installments beginning on January 24, 2022.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of restricted stock units and a subsequent sale of shares to cover tax liabilities, which is a standard practice for executive compensation and does not indicate a significant change in company outlook.

Positives

• The vesting of restricted stock units represents a component of executive compensation, aligning management's interests with shareholder value over time.

Negatives

• The disposition of 167 shares, while for tax purposes, reduces the reporting person's direct beneficial ownership in the company.

Future Outlook

No specific forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

NA

Stakeholder Impact

• Shareholders may view this as a routine executive compensation event, with minimal direct impact on company operations or strategy.

Key Dates

Recommendation

The filing details a routine insider transaction involving the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations. This is a standard part of executive compensation and does not indicate a change in the company's fundamental outlook or the insider's confidence, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

Kirby Corp, KEX, Form 4, insider transaction, restricted stock units, RSU, executive compensation, beneficial ownership