Form 4: Knife River Corp Director Carmona-Alvarez Reports Beneficial Ownership Changes

Director German Carmona-Alvarez reports acquisition of common stock and restricted stock units in Knife River Corp.

Summary

• On May 15, 2024, German Carmona-Alvarez, a director of Knife River Corp, reported changes in beneficial ownership.
• The transactions included the acquisition of 1,905 restricted stock units (RSUs) and 720 shares of common stock.
• The RSUs vest on the day before the next annual meeting of stockholders, contingent upon continued service on the board.
• The 720 shares were granted for board service from January 1, 2024, through May 14, 2024.
• Following these transactions, Carmona-Alvarez directly owns 5,434 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by a director. The acquisition of shares can be seen as a slightly positive sign, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, 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. They are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the transactions of company insiders.

Key Dates