Form 4: Knight-Swift Transportation CFO Exercises Stock Options, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Michelle K. Lewis, CFO of AAA Cooper Transportation (a subsidiary of Knight-Swift Transportation Holdings Inc.), exercised stock options and disposed of shares to cover tax obligations on July 31, 2024.
Summary
- On July 31, 2024, Michelle K. Lewis, CFO of AAA Cooper Transportation, exercised 503 restricted stock units, which converted to Class A Common Stock on a one-for-one basis.
- She also disposed of 148 shares of Class A Common Stock at a price of $54.43 to satisfy tax obligations.
- Following these transactions, Lewis directly owns 2,190 shares of Class A Common Stock and 1,006 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| July 31, 2022 | The restricted stock unit grant vests in five equal installments beginning on this date. |
| July 31, 2024 | Michelle K. Lewis exercised 503 restricted stock units and disposed of 148 shares of Class A Common Stock. |
| August 02, 2024 | Date of signature by James E. Brophy, Attorney in Fact. |
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