Form 4: Knife River Corp Director Karen Fagg Reports Ownership Change

Knife River Corp director Karen Fagg reported a change in beneficial ownership of phantom stock, converting it to common stock equivalent.

Summary

• Karen B. Fagg, a Director at Knife River Corp (KNF), reported a transaction on June 30, 2026.
• The transaction involved phantom stock, which is the economic equivalent of common stock.
• 197.479 shares of phantom stock were acquired, with each share being equivalent to one share of common stock.
• These phantom shares are payable in cash upon termination of service as a director.
• Following the transaction, Fagg beneficially owns 1,259.138 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine disclosure of a director's ownership change related to phantom stock, with no immediate indication of positive or negative performance.

Positives

• Director Fagg continues to hold a significant direct beneficial ownership of Knife River Corp common stock.
• The phantom stock is structured to provide cash upon director termination, aligning with executive compensation practices.

Negatives

• The filing does not detail the specific cash value of the phantom stock transaction at the time of reporting.

Risks

• The value of the phantom stock is tied to the future performance of Knife River Corp's common stock, introducing market risk.
• The cash payout of phantom stock is contingent on the reporting person's termination of service as a director.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into ownership changes by company directors and officers. This specific filing indicates a conversion of phantom stock, a common equity incentive for non-employee directors.

Stakeholder Impact

• Shareholders: Increased transparency regarding director's beneficial ownership.

Next Steps

• The phantom stock will be payable in cash upon the reporting person's termination of service as a director.

Key Dates

Keywords

Knife River Corp, KNF, Form 4, Beneficial Ownership, Director, Phantom Stock, Common Stock, SEC Filing, Insider Trading