Form 4: Knife River Director Patricia Chiodo Granted Restricted Stock Units

Knife River Corporation's Director, Patricia Chiodo, was granted 1,551 restricted stock units, aligning her interests with shareholders.

Summary

• Patricia Chiodo, a Director of Knife River Corp (KNF), acquired 1,551 shares of common stock on May 22, 2025.
• These shares were granted in the form of Restricted Stock Units (RSUs) at a price of $0.0000 per unit.
• Following this transaction, Ms. Chiodo's direct beneficial ownership in Knife River Corp common stock increased to 3,513 shares.
• The RSUs are scheduled to vest on the day immediately prior to the date of the next Knife River Corporation annual meeting of stockholders occurring after the grant date, contingent on Ms. Chiodo's continued service on the board of directors through such vesting date.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive. While a Form 4 is a factual report of an insider transaction and not a strategic announcement, the grant of equity compensation to a director aligns their interests with shareholders, which is generally viewed favorably from a corporate governance perspective. It's a routine event but contributes to positive alignment.

Positives

• The grant of Restricted Stock Units (RSUs) to Director Patricia Chiodo aligns her financial interests with those of common shareholders, as the value of her compensation is directly tied to the company's stock performance.
• This transaction represents an increase in the director's direct beneficial ownership in the company, which can signal confidence in the company's future prospects.

Negatives

• No direct negatives are apparent from this Form 4 filing, as it reports a standard equity compensation grant.

Risks

• The vesting of the 1,551 Restricted Stock Units is contingent on Patricia Chiodo's continued service on the board of directors until the vesting date, meaning the shares are not immediately owned and could be forfeited if her service ceases prior to vesting.

Future Outlook

The 1,551 Restricted Stock Units granted to Director Patricia Chiodo are expected to vest on the day immediately prior to the next Knife River Corporation annual meeting of stockholders, provided she continues her service on the board of directors through that date.

Management Comments

• No direct quotes from company management are provided in this Form 4 filing. The filing was signed by Karl A. Liepitz, Power of Attorney for Patricia Chiodo.

Industry Context

Granting restricted stock units (RSUs) is a common form of equity compensation for directors and executives in publicly traded companies. This practice is widely adopted across various industries, including the construction materials and contracting sector where Knife River Corp operates, to align the interests of leadership with long-term shareholder value creation.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) as a component of director compensation is a standard practice across publicly traded companies, including peers in the construction materials and contracting industry.
• While specific RSU amounts vary based on company size, director responsibilities, and overall compensation philosophy, the mechanism of granting equity to align director interests with shareholders is consistent with global corporate governance benchmarks.
• Without specific compensation data for comparable companies like Vulcan Materials Company (VMC), Martin Marietta Materials (MLM), or Summit Materials (SUM), a direct quantitative comparison of the RSU grant size is not feasible from this document alone. However, the structure of the compensation is typical.

Corporate Governance

Related Party Transactions

• This document reports an insider transaction (equity grant to a director), which is a form of related party dealing, but it is a standard compensation practice rather than a unique transaction.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director helps align the director's financial interests with those of the shareholders, potentially leading to decisions that prioritize long-term shareholder value.

Next Steps

• The 1,551 Restricted Stock Units (RSUs) granted to Patricia Chiodo are expected to vest on the day immediately prior to the next Knife River Corporation annual meeting of stockholders, subject to her continued service on the board.

Key Dates

Keywords

Knife River Corp, KNF, Patricia Chiodo, Director, Restricted Stock Units, RSU, insider transaction, equity compensation, Form 4, beneficial ownership