Form 4: Knight-Swift Transportation Holdings Inc.: Officer Fitzsimmons Reports Stock Transactions
SEC Form 4
James L. Fitzsimmons, COO of Swift Transportation, reports multiple transactions involving Class A Common Stock and Restricted Stock Units on May 31, 2024.
Summary
- On May 31, 2024, James L. Fitzsimmons, COO of Swift Transportation, reported several transactions involving Knight-Swift Transportation Holdings Inc. (KNX) Class A Common Stock.
- These transactions included the vesting of restricted stock units and the subsequent disposition of shares to cover tax obligations.
- Fitzsimmons acquired shares through the vesting of restricted stock units and disposed of shares to satisfy tax withholding requirements.
- Following these transactions, Fitzsimmons directly owns 8,529 shares of Class A Common Stock.
- He also holds 2,546 Restricted Stock Units that have vested and 8,414 Restricted Stock Units that will vest in the future.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
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 regarding insider transactions and aligns with regulatory requirements.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments for an executive.
Key Dates
| Date | Description |
|---|---|
| 05/31/2020 | First vesting date for one of the restricted stock unit grants. |
| 05/31/2021 | First vesting date for one of the restricted stock unit grants. |
| 05/31/2022 | First vesting date for one of the restricted stock unit grants. |
| 05/31/2023 | First vesting date for one of the restricted stock unit grants. |
| 05/31/2024 | Date of the reported transactions, including vesting of RSUs and tax-related dispositions; First vesting date for one of the restricted stock unit grants. |
| 05/31/2025 | First vesting date for one of the restricted stock unit grants. |
| 06/04/2024 | Date of the Form 4 filing. |
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