Form 4: Knight-Swift Director Receives Stock Grant
Statement of Changes in Beneficial Ownership
Michael Garnreiter, a Director at Knight-Swift Transportation Holdings Inc., received a grant of 2,838 shares of Class A Common Stock as part of his director compensation.
Summary
- Michael Garnreiter, a Director of Knight-Swift Transportation Holdings Inc. (KNX), received a grant of 2,838 shares of Class A Common Stock on May 12, 2026.
- This stock grant is part of his annual compensation as a non-employee director.
- The shares were acquired at a price of $59.90 per share.
- Following this transaction, Garnreiter beneficially owns 12,318 shares of Class A Common Stock, with 9,485 shares held indirectly through a trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it represents a routine compensation event for a director rather than a significant strategic or financial development.
Positives
- Director compensation is being paid in the form of company stock, aligning director interests with shareholders.
- The stock grant is part of an approved plan, indicating established corporate governance practices.
- The value of the grant is based on the closing market price on the date of the annual meeting, reflecting current market conditions.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing, which solely reports a change in beneficial ownership.
Industry Context
StockSavvy.ai notes that the issuance of stock as director compensation is a common practice in the transportation and logistics industry, aiming to align executive and director incentives with shareholder value creation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation Plan | Annual grant of Class A Common Stock to non-employee directors as compensation, approved by shareholders. | Ongoing (grant date 05/12/2026) | Positive. Aligns director interests with shareholders and follows an established, approved compensation structure. |
Related Party Transactions
- The transaction involves a director (Michael Garnreiter) receiving stock as compensation, which is a standard related-party transaction for compensation purposes.
Stakeholder Impact
- Shareholders: The issuance of stock for compensation dilutes existing ownership slightly, but aligns director incentives with shareholder interests.
- Employees: No direct impact mentioned.
- Creditors: No direct impact mentioned.
- Suppliers: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 05/12/2026 | Transaction Date for stock grant |
| 05/13/2026 | Date of signature for the filing |
Keywords
Knight-Swift Transportation Holdings Inc., KNX, Form 4, Director Compensation, Stock Grant, Class A Common Stock, Beneficial Ownership, SEC Filing
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