Form 4: Knife River VP Granted 2,713 RSUs Vesting in 2028

Knife River Corp's VP & Chief People Officer, Sarah L. LaChapelle, was granted 2,713 restricted stock units vesting in 2028.

Summary

• Sarah L. LaChapelle, VP & Chief People Officer of Knife River Corp (KNF), acquired 2,713 shares of common stock in the form of Restricted Stock Units (RSUs).
• The transaction date for this acquisition was March 4, 2026.
• These RSUs vest on December 31, 2028, contingent upon Ms. LaChapelle's continued employment with the issuer.
• Each RSU represents the contingent right to receive one share of Knife River Corp's common stock.
• Following this transaction, Ms. LaChapelle directly owns 4,578 shares of common stock.
• She also indirectly owns 7.7142 shares through a trustee (Paul and Jan Eggleston Trust), disclaiming beneficial ownership except for her proportionate pecuniary interest.
• Additionally, she indirectly owns 1,897.7925 shares through a 401(k) plan, held by a trustee, with the number of shares fluctuating daily based on plan activity.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, primarily due to the alignment of executive incentives with long-term company performance and the retention aspect of the RSU grant.

Positives

• The grant of Restricted Stock Units (RSUs) aligns the interests of the VP & Chief People Officer with long-term shareholder value, as vesting is tied to future employment and potentially company performance.
• RSUs serve as a retention incentive, encouraging key management personnel to remain with the company until the vesting date.

Risks

• The vesting of the 2,713 Restricted Stock Units is contingent upon the reporting person's continued employment by the issuer as of December 31, 2028.

Future Outlook

The future outlook for the granted RSUs is tied to the reporting person's continued employment with Knife River Corp until December 31, 2028, at which point the units are scheduled to vest.

Industry Context

StockSavvy.ai notes that RSU grants are a standard component of executive compensation packages across various industries, serving to align executive incentives with long-term company performance and shareholder interests. This grant to a Chief People Officer is consistent with typical compensation structures aimed at executive retention and motivation.

Related Party Transactions

• The reporting person indirectly holds 7.7142 shares of common stock through the Paul and Jan Eggleston Trust, where she is a trustee and beneficiary. She disclaims beneficial ownership except to the extent of her proportionate pecuniary interest.

Stakeholder Impact

• Shareholders: The RSU grant aligns management's long-term interests with shareholder value, potentially leading to more focused decision-making for sustained growth.
• Employees: The grant to a Chief People Officer may signal a commitment to executive retention and a standard approach to compensation within the company.

Next Steps

• The reporting person must remain employed by Knife River Corp until December 31, 2028, for the Restricted Stock Units to vest.

Key Dates

Keywords

Knife River Corp, KNF, Restricted Stock Units, RSUs, Insider Transaction, Executive Compensation, Beneficial Ownership, Corporate Governance