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

Director Fagg Karen B reports acquiring phantom stock in Knife River Corp, convertible to cash upon termination of service.

Summary

• On June 28, 2024, Karen B Fagg, a director of Knife River Corp, reported acquiring phantom stock.
• The transaction involved 250.071 shares of phantom stock, each equivalent to one share of common stock.
• The price of the derivative security was $70.48.
• Following the transaction, Fagg directly owns 468.662 derivative securities.
• Fagg also directly owns 29,127 shares of common stock.
• The phantom stock becomes payable in cash upon the director's termination of service.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, neither inherently positive nor negative.

Future Outlook

The phantom stock becomes payable 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 filing provides transparency to shareholders regarding the compensation and ownership structure of a key company director.

Key Dates