Form 4: Director Karen B Fagg Reports Acquisition of Phantom Stock in Knife River Corp

Director Karen B Fagg reported the acquisition of phantom stock in Knife River Corp on December 31, 2024.

Summary

• Karen B Fagg, a director at Knife River Corp, reported a transaction involving phantom stock.
• On December 31, 2024, Ms. Fagg acquired 173.765 shares of phantom stock.
• The phantom stock is economically equivalent to common stock and will be paid in cash upon termination of service as a director.
• Following the transaction, Ms. Fagg beneficially owns 839.983 shares of phantom stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of an insider transaction, which is neither positive nor negative.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Reporting of phantom stock transactions by directors is a standard practice across publicly listed companies.
• The reporting requirements are consistent with SEC regulations for insider trading.
• Similar filings are regularly made by directors and officers of other companies in the construction materials and aggregates industry.

Stakeholder Impact

• This transaction has a minimal impact on stakeholders as it is a routine reporting of phantom stock acquisition by a director.

Key Dates

Keywords

phantom stock, director, insider trading, beneficial ownership, equity securities, Knife River Corp, KNF