Form 4: Knight-Swift CFO Reports Routine Stock Transactions from RSU Vesting

Michelle K. Lewis, CFO of AAA Cooper Transportation, a subsidiary of Knight-Swift Transportation Holdings Inc., reported the acquisition and subsequent tax-related disposition of Class A Common Stock following the vesting of restricted stock units.

Summary

• Michelle K. Lewis, CFO of AAA Cooper Transportation, reported transactions involving Knight-Swift Transportation Holdings Inc. Class A Common Stock.
• On July 31, 2025, Lewis acquired 503 shares of Class A Common Stock through the conversion of restricted stock units (RSUs) on a one-for-one basis.
• Concurrently, 148 shares of Class A Common Stock were disposed of at a price of $42.5 per share, likely to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Lewis directly beneficially owns 3,611 shares of Class A Common Stock.
• Lewis also beneficially owns 503 derivative securities in the form of Restricted Stock Units, which vest in five equal installments beginning July 31, 2022, with stock issued upon vesting.

Sentiment

Score: 6

Explanation: The filing reflects routine executive compensation activities, specifically the vesting and tax-related disposition of restricted stock units. It is a neutral to slightly positive event as it aligns executive incentives with shareholder interests, with no negative implications.

Positives

• The acquisition of shares through RSU vesting indicates a routine component of executive compensation, aligning management's interests with shareholders.
• The continued beneficial ownership of RSUs suggests ongoing long-term incentive alignment.

Future Outlook

The filing primarily reports past transactions related to executive compensation. The explanation of responses indicates that the restricted stock unit grant vests in five equal installments beginning July 31, 2022, implying future vesting events will continue to occur.

Industry Context

This filing represents a routine disclosure of executive compensation in the transportation and logistics industry, where equity-based incentives like Restricted Stock Units are common to attract and retain talent and align executive interests with company performance.

Stakeholder Impact

• Shareholders: The filing indicates routine executive compensation, which is a standard operational cost and incentive mechanism. It does not suggest any direct material impact on shareholder value beyond the ordinary course of business.

Next Steps

• Continued vesting of the remaining restricted stock units according to the established five-installment schedule.

Key Dates

Keywords

Knight-Swift Transportation Holdings Inc., KNX, SEC Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, RSU Vesting, Stock Ownership, CFO