Form 4: Knight-Swift Transportation Holdings Inc. Executive Gary J Knight Reports Stock Transactions
SEC Form 4 Filing
Gary J Knight, Vice Chairman of Knight-Swift Transportation Holdings Inc., reports the vesting and conversion of restricted stock units into Class A Common Stock, along with associated tax withholding.
Summary
- On January 31, 2025, Gary J Knight, Vice Chairman of Knight-Swift Transportation Holdings Inc., engaged in multiple transactions involving Class A Common Stock and Restricted Stock Units.
- These transactions included the vesting and conversion of restricted stock units into Class A Common Stock.
- A portion of shares were also disposed of to cover tax obligations at a price of $57.09 per share.
- Knight directly owns 2,685 shares of Class A Common Stock and indirectly owns 2,704,206 shares through a trust.
- He also holds 3,710 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest on January 31, 2026 and January 31, 2027.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares from vested restricted stock units.
- The tax withholding transactions have no material impact on the company's financials.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | 33% of 1,905 restricted stock units vested. |
| 01/31/2025 | Earliest transaction date; vesting and conversion of restricted stock units; 33% of 1,905 restricted stock units vested; 33% of 1,826 restricted stock units vested; remaining stock units vested. |
| 01/31/2026 | 33% of 1,905 restricted stock units will vest; 33% of 1,826 restricted stock units will vest. |
| 01/31/2027 | 34% of 1,826 restricted stock units will vest. |
| 02/04/2025 | Date of Form 4 signature. |
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