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

Director Karen B Fagg reports acquiring shares of Knife River Corp common stock through restricted stock units and grants for board service.

Summary

• On May 15, 2024, Karen B Fagg, a director of Knife River Corp, reported acquiring 2,222 shares of common stock through restricted stock units (RSUs) at $0.00 and 841 shares of common stock at $77.19.
• These transactions increased Fagg's direct holdings to 29,127 shares of common stock.
• The RSUs vest the day before the next annual meeting of stockholders, contingent on continued service on the board.
• The 841 shares were granted for board service from January 1, 2024, through May 14, 2024.
• Fagg also holds 218.591 shares of phantom stock, payable in cash upon termination of service as a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence, but it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future.
• The grant of shares for board service aligns the director's interests with those of the shareholders.

Future Outlook

The RSUs will vest 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 ensure transparency in insider trading activities. They provide insights into the actions of company insiders, such as directors, and their confidence in the company's stock.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, aligning their interests with shareholders.
• RSUs are a common form of equity compensation, vesting over time to incentivize long-term commitment.
• The specific amount and vesting schedule of RSUs vary widely based on company size, industry, and individual performance.

Stakeholder Impact

• The director's increased stake in the company could positively influence shareholder confidence.
• The equity-based compensation structure aligns the director's interests with those of the shareholders.

Key Dates