Form 4: Knight-Swift Director Garnreiter Receives Annual Stock Grant

Director Michael Garnreiter received 3,031 shares of Knight-Swift Transportation Holdings Inc. Class A Common Stock as part of his annual director compensation.

Summary

• On May 14, 2024, Michael Garnreiter, a director of Knight-Swift Transportation Holdings Inc., acquired 3,031 shares of Class A Common Stock.
• The acquisition was part of his 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 grant date.
• Following the transaction, Garnreiter directly owns 19,648 shares of Knight-Swift Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant to a director), which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative performance or concerning issues.

Positives

• The grant of shares to directors aligns their interests with those of the shareholders.
• The plan under which the grants are made has been approved by the shareholders.

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 prevalent across various industries, including transportation and logistics.

Comparison to Industry Standards

• Stock grants to non-employee directors are a common practice among publicly traded companies, including those in the transportation sector.
• Companies like JB Hunt and Schneider National also utilize stock-based compensation for their directors.
• The size of the grant can vary based on company size, performance, and industry standards.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.
• The grant has a minimal impact on employees, customers, suppliers, and creditors.

Key Dates