Form 4: Director Fagg Karen B Reports Acquisition of Phantom Stock in Knife River Corp
SEC Form 4 Filing
Director Fagg Karen B reported the acquisition of phantom stock in Knife River Corp on September 30, 2024.
Summary
- On September 30, 2024, Karen B Fagg, a director of Knife River Corp, reported acquiring 197.556 shares of phantom stock.
- The phantom stock is the economic equivalent of common stock and becomes payable in cash upon termination of service as a director.
- Following the transaction, Fagg directly owns 29,127 shares of common stock and 666.218 shares of phantom stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's securities.
Stakeholder Impact
- The acquisition of phantom stock by a director may signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Acquisition of phantom stock. |
| 10/01/2024 | Date of signature by Power of Attorney. |
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