Form 4: Knight-Swift Director Roberta Roberts Shank Reports Stock Award

Director Roberta Roberts Shank reports acquisition of 4,446 shares of Knight-Swift Transportation Holdings Inc. Class A Common Stock as part of annual director compensation.

Summary

• Roberta Roberts Shank, a director of Knight-Swift Transportation Holdings Inc., reported a transaction on May 14, 2024.
• She acquired 4,446 shares of Class A Common Stock at a price of $49.48 per share as part of her annual director compensation.
• Following the transaction, Shank directly owns 27,322 shares and indirectly owns 3,661 shares through a trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a standard director compensation practice, indicating alignment with shareholder interests.

Positives

• The acquisition of shares by a director demonstrates alignment with shareholder interests.

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.

Comparison to Industry Standards

• Stock grants as part of director compensation are a standard practice among publicly traded companies, including transportation and logistics firms such as JB Hunt and Schneider National.
• The size of the grant is typical for director compensation packages, which often include a mix of cash and equity.

Stakeholder Impact

• The stock acquisition by a director can positively influence shareholder confidence.

Key Dates