Form 4: Director Patricia Chiodo Acquires 1,962 Shares of Knife River Corp (KNF) Through Restricted Stock Units

Patricia Chiodo, a director of Knife River Corp, acquired 1,962 shares of common stock through restricted stock units (RSUs) on June 27, 2024.

Summary

• On June 27, 2024, Patricia Chiodo, a director of Knife River Corp, acquired 1,962 shares of common stock.
• The acquisition was through restricted stock units (RSUs).
• These RSUs vest on the day before the next annual meeting of stockholders, contingent upon continued service on the board.
• Each RSU represents the right to receive one share of Knife River Corp's common stock.
• Following the transaction, Patricia Chiodo directly owns 1,962 shares of Knife River Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of a director acquiring shares through RSUs, which is neither particularly positive nor negative.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The RSUs vest on the day immediately prior to the date of the next Knife River Corporation annual meeting of stockholders occurring after the date of grant and subject to the reporting person continuing in service on the board of directors of the issuer through such vesting date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates