Form 4: Knight-Swift Director Jessica Powell Acquires Shares as Part of Annual Compensation
SEC Form 4
Director Jessica Powell acquired 2,823 shares of Knight-Swift Transportation Holdings Inc. Class A Common Stock as part of her annual director compensation.
Summary
- Jessica Powell, a director of Knight-Swift Transportation Holdings Inc., acquired 2,823 shares of Class A Common Stock on May 13, 2025.
- The shares were acquired at a price of $46.05 per share.
- This acquisition was part of her annual director compensation, granted near the annual meeting of shareholders.
- Following the transaction, Powell directly owns 7,672 shares of Knight-Swift Class A Common Stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects a routine transaction related to director compensation, indicating alignment of interests between the director and shareholders.
Positives
- The acquisition reflects the director's continued investment in the company.
- The annual grant of shares as compensation aligns the interests of directors with those of shareholders.
Industry Context
Director compensation in the transportation industry often includes equity grants to align director interests with shareholder value. This transaction is a routine part of Knight-Swift's director compensation plan.
Comparison to Industry Standards
- Director compensation packages, including equity grants, are common across publicly traded companies, including transportation and logistics firms like JB Hunt, Schneider National, and Landstar System.
- The size of the equity grant is likely benchmarked against peer companies to ensure competitive compensation for board members.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning director interests with shareholder value through equity ownership.
Key Dates
| Date | Description |
|---|---|
| 05/13/2025 | Date of transaction: Jessica Powell acquired shares of Knight-Swift Class A Common Stock. |
| 05/14/2025 | Date of signature by James Brophy, Attorney in Fact. |
Keywords
Knight-Swift Transportation Holdings Inc., Director Compensation, Class A Common Stock, Jessica Powell, Share Acquisition, Form 4
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