Form 4: Knight-Swift Transportation Holdings Inc. Executive Vice President Michael K. Liu Reports Stock Transactions
SEC Form 4
Michael K. Liu, Executive Vice President of Operations at Knight-Swift Transportation Holdings Inc., reported the vesting and subsequent sale of restricted stock units on May 31, 2024.
Summary
- On May 31, 2024, Michael K. Liu, an Executive Vice President at Knight-Swift Transportation Holdings Inc., engaged in multiple transactions involving Class A Common Stock.
- These transactions included the vesting of restricted stock units and the subsequent disposition of shares to cover tax obligations.
- The vesting of restricted stock units resulted in the acquisition of 1,086, 764, 629, 765, and 636 shares of Class A Common Stock.
- Contemporaneously, 471, 332, 273, 332, and 276 shares were disposed of at a price of $48.25 per share to satisfy tax withholding requirements.
- Following these transactions, Liu directly owns 5,696 shares of Class A Common Stock and 5,336 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly shift investor sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Key Dates
| Date | Description |
|---|---|
| 05/31/2020 | First vesting date of restricted stock unit grant. |
| 05/31/2021 | First vesting date of restricted stock unit grant. |
| 05/31/2022 | First vesting date of restricted stock unit grant. |
| 05/31/2023 | First vesting date of restricted stock unit grant. |
| 05/31/2024 | Date of transactions: vesting of restricted stock units and disposition of shares; First vesting date of restricted stock unit grant. |
| 05/31/2025 | First vesting date of restricted stock unit grant. |
| 06/04/2024 | Date of Form 4 filing. |
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