Form 4: Knight-Swift Executive Chairman Kevin Knight Reports Stock Transactions
SEC Form 4 Filing
Kevin Knight, Executive Chairman of Knight-Swift Transportation Holdings Inc., reports multiple transactions involving Class A Common Stock and Restricted Stock Units on January 31, 2025.
Summary
- On January 31, 2025, Kevin Knight, the Executive Chairman of Knight-Swift Transportation Holdings Inc., engaged in several transactions involving the company's Class A Common Stock and Restricted Stock Units.
- These transactions included the conversion of Restricted Stock Units into Class A Common Stock and the disposition of shares to cover tax obligations.
- Specifically, 6,843, 6,430, and 6,166 Restricted Stock Units were converted into Class A Common Stock.
- Simultaneously, 2,792, 2,531, and 2,427 shares of Class A Common Stock were disposed of at a price of $57.09 per share.
- Following these transactions, Mr. Knight directly owns 11,689 shares of Class A Common Stock and indirectly owns 1,418,360 shares through a trust.
- He also holds 12,519 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It reflects standard compensation practices involving stock and restricted stock units.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | 33% of 6,430 restricted stock units vest |
| 01/31/2025 | Date of transactions: conversion of Restricted Stock Units, disposition of shares, remaining 6,843 stock units vested, 33% of 6,430 restricted stock units vest, 33% of 6,166 restricted stock units vest |
| 01/31/2026 | 33% of 6,430 restricted stock units vest, 33% of 6,166 restricted stock units vest |
| 01/31/2027 | 34% of 6,166 restricted stock units vest |
| 02/04/2025 | Date of signature by Attorney in Fact |
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