Form 4: Knife River Corp Director Acquires Phantom Stock
SEC Form 4 Filing
Director Karen B Fagg acquired phantom stock in Knife River Corp, convertible to cash upon termination of service.
Summary
- On March 29, 2024, Karen B Fagg, a director of Knife River Corp, acquired phantom stock equivalent to 218.591 shares of common stock.
- The phantom stock was acquired at a price of $80.63 per share.
- These shares become payable in cash upon the director's termination of service.
- Following the transaction, Fagg directly owns 26,064 shares of common stock and 218.591 shares of phantom stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock will be paid out in cash upon the director's termination of service.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
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 |
|---|---|
| 03/29/2024 | Date of transaction: Acquisition of phantom stock |
| 04/01/2024 | Date of signature on the report |
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