Form 4: Director Patricia Chiodo Receives Knife River RSU Grant
Statement of Changes in Beneficial Ownership
Director Patricia Chiodo was granted 2,040 restricted stock units in Knife River Corporation as part of board compensation.
Summary
- Director Patricia Chiodo acquired 2,040 restricted stock units (RSUs) of Knife River Corporation common stock.
- The transaction occurred on May 20, 2026.
- The RSUs were granted at a price of $0.00 per share.
- Following this transaction, the director's total beneficial ownership increased to 5,553 shares.
- The RSUs vest on the day immediately prior to the next annual meeting of stockholders, contingent upon continued board service.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Increase in total beneficial ownership by a board member.
Negatives
- None identified.
Risks
- Vesting is subject to the director's continued service on the board of directors.
Future Outlook
The RSUs will vest on the day prior to the next annual meeting of stockholders, provided the director remains in service.
Industry Context
StockSavvy.ai notes that equity grants to board members are standard corporate governance practice to ensure long-term alignment between leadership and shareholder interests in the construction and materials sector.
Comparison to Industry Standards
- The use of RSUs for director compensation is consistent with standard practices for publicly traded companies of similar market capitalization.
- Vesting schedules tied to annual meetings are a common retention mechanism for board members.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Grant of 2,040 restricted stock units to Director Patricia Chiodo. | 05/20/2026 | Standard alignment of director incentives with company performance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard board compensation structure.
Next Steps
- Vesting of the 2,040 RSUs on the day prior to the next annual meeting of stockholders.
Key Dates
| Date | Description |
|---|---|
| 05/20/2026 | Date of the RSU grant transaction. |
| 05/21/2026 | Date the Form 4 was filed with the SEC. |
Keywords
Knife River, KNF, Form 4, Insider Trading, Director Compensation, Restricted Stock Units
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