Form 4: Knight-Swift Director Amy Boerger Receives Annual Stock Grant

Director Amy Boerger received 2,627 shares of Knight-Swift Transportation Holdings Inc. Class A Common Stock as part of her annual director compensation.

Summary

• On May 14, 2024, Amy Boerger, a director of Knight-Swift Transportation Holdings Inc., acquired 2,627 shares of Class A Common Stock.
• The acquisition was part of her annual director compensation, granted near the annual meeting of shareholders.
• The price per share was $49.48, based on the closing market price on the date of the annual meeting.
• Following the transaction, Ms. Boerger directly owns 2,627 shares of Knight-Swift Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The shareholder approval of the plan adds a slightly positive element.

Positives

• The stock grant aligns the director's interests with those of the shareholders.
• The grant is part of a shareholder-approved plan, indicating good corporate governance.

Industry Context

Director compensation in the form of stock grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders. This practice is particularly prevalent in the transportation and logistics industry.

Comparison to Industry Standards

• Many publicly traded companies, including those in the transportation sector like JB Hunt and Schneider National, use stock grants as part of their director compensation packages.
• The size of the grant, 2,627 shares, and the valuation method, based on the closing market price on the grant date, are typical practices.
• Shareholder approval of the compensation plan is also a standard governance practice.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making for the company.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates