Form 4: Knife River Director German Carmona-Alvarez Increases Stake Through RSU Grant

Knife River Corporation Director German Carmona-Alvarez was granted 1,551 restricted stock units, increasing his direct beneficial ownership to 6,985 shares.

Summary

• German Carmona-Alvarez, a Director of Knife River Corp (KNF), reported an acquisition of securities.
• The transaction occurred on May 22, 2025, and involved the acquisition of 1,551 shares of Common Stock.
• These shares were acquired as Restricted Stock Units (RSUs) at a price of $0.0000 per share.
• The RSUs are scheduled to vest on the day immediately prior to the date of the next Knife River Corporation annual meeting of stockholders, contingent on Mr. Carmona-Alvarez continuing his service on the board of directors.
• Each RSU represents the contingent right to receive one share of the issuer's common stock.
• Following this transaction, Mr. Carmona-Alvarez directly beneficially owns 6,985 shares of Common Stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a positive sign of continued alignment between management and shareholder interests, and a standard component of director compensation, indicating stability and commitment.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns their interests with long-term shareholder value, as the value of their compensation is tied to the company's stock performance.
• The increase in the director's beneficial ownership demonstrates continued commitment and confidence in the company's future.

Risks

• The vesting of the 1,551 Restricted Stock Units is contingent upon the reporting person continuing in service on the board of directors through the vesting date, meaning the shares are not guaranteed if service ceases.

Future Outlook

The 1,551 Restricted Stock Units granted are expected to vest on the day immediately prior to the next Knife River Corporation annual meeting of stockholders, provided the director continues his service on the board.

Industry Context

This Form 4 filing details a standard equity compensation event for a director, which is a common practice across publicly traded companies in all industries to align the interests of board members with those of shareholders.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) as part of director compensation is a widely adopted practice across various industries and company sizes, including those comparable to Knife River Corp in the construction materials and aggregates sector.
• The use of a Rule 10b5-1(c) plan for such transactions is also a standard corporate governance practice, indicating a pre-arranged and compliant transaction.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the company's stock performance, potentially benefiting shareholders through improved governance and long-term value creation.

Next Steps

• Vesting of the 1,551 Restricted Stock Units on the day immediately prior to the next Knife River Corporation annual meeting of stockholders, subject to continued board service.

Key Dates

Recommendation

Keywords

Knife River Corp, KNF, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Beneficial Ownership, Corporate Governance