Form 4: Knight-Swift Transportation Vice Chairman Gary Knight Reports Stock Transactions
SEC Form 4
Gary Knight, Vice Chairman of Knight-Swift Transportation Holdings Inc., reports the vesting and conversion of performance-based restricted stock units into Class A Common Stock.
Summary
- Gary Knight, Vice Chairman of Knight-Swift Transportation Holdings Inc. [KNX], reported transactions involving Class A Common Stock.
- On March 12, 2025, 4,527 performance restricted stock units vested and converted into 4,527 shares of Class A Common Stock.
- Simultaneously, 4,527 shares were disposed of, and 2,235 shares were disposed of to cover tax obligations at a price of $57.09 per share.
- Following these transactions, Knight directly owns 2,292 shares of Class A Common Stock and indirectly owns 2,706,891 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative sentiment.
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 to investors regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine executive compensation activity.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: vesting and conversion of restricted stock units, and disposition of shares for tax obligations. |
| 03/13/2025 | Date of signature by James Brophy, Attorney in Fact. |
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