Form 4: Knife River Corp Director Thomas W. Hill Acquires 1,905 Shares of Common Stock

Director Thomas W. Hill acquired 1,905 shares of Knife River Corp common stock on May 15, 2024, through restricted stock units.

Summary

• On May 15, 2024, Thomas W. Hill, a director of Knife River Corp, acquired 1,905 shares of common stock.
• The acquisition was in the form of restricted stock units (RSUs).
• These RSUs vest on the day before the next annual meeting of stockholders, contingent upon Hill's continued service on the board.
• Each RSU represents the right to receive one share of Knife River Corp's common stock.
• Following the transaction, Hill directly owns 1,905 shares of Knife River Corp common stock.

Sentiment

Score: 6

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

Positives

• The acquisition of shares by a director signals confidence in the company's future prospects.

Future Outlook

The vesting of the RSUs is contingent upon the reporting person continuing in service on the board of directors of the issuer through such vesting date, which is the day immediately prior to the date of the next Knife River Corporation annual meeting of stockholders.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of individuals with privileged information about the company.

Key Dates