Form 4: Knife River Corp Executive Karl A. Liepitz Reports Stock Transactions

Karl A. Liepitz, VP, Chief Legal Officer & Secretary of Knife River Corp, reports acquisition of restricted stock units and shares withheld for tax obligations.

Summary

• On February 27, 2025, Karl A. Liepitz, VP, Chief Legal Officer & Secretary of Knife River Corp, reported transactions involving the company's common stock.
• Liepitz acquired 2,770 shares of common stock in the form of restricted stock units (RSUs) that vest on December 31, 2027, contingent upon continued employment.
• He also had 7,083 shares withheld by the issuer to cover tax obligations upon the vesting of a RSU award at a price of $94.73 per share.
• Liepitz's direct holdings of common stock after these transactions amount to 48,349 shares.
• Additionally, Liepitz indirectly owns 1,897.2432 shares of common stock through a 401(k) plan.
• The report also includes a previously unreported RSU holding due to an administrative error.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions. The acquisition of RSUs could be seen as a slightly positive sign, indicating confidence by the executive, but the tax withholding is a neutral event.

Positives

• The acquisition of RSUs indicates confidence in the company's future performance by a key executive.
• The disclosure of previously unreported holdings suggests improved transparency.

Future Outlook

The vesting of the RSUs is contingent upon the reporting person's continued employment with the issuer until December 31, 2027.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Comparison to Industry Standards

• Executive compensation packages often include RSUs as a way to align management's interests with those of shareholders.
• The vesting schedule of the RSUs (December 31, 2027) is a typical timeframe for such awards.
• Similar companies in the construction materials industry, such as Vulcan Materials Company and Martin Marietta Materials, also utilize RSUs in their executive compensation plans.

Stakeholder Impact

• The stock transactions by a key executive may influence investor perception of the company.
• The vesting of RSUs incentivizes the executive to contribute to the company's long-term success.

Key Dates