Scott P. Miller - Apr 8, 2024 Form 4 Insider Report for KIRBY CORP (KEX)

Role
VP - CIO
Signature
Ronald A. Dragg, Agent and Attorney-in-Fact
Stock symbol
KEX
Transactions as of
Apr 8, 2024
Transactions value $
-$80,051
Form type
4
Date filed
4/11/2024, 04:47 PM
Previous filing
Mar 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEX Common Stock, par value $0.10 per share Options Exercise $0 +803 +80.3% $0.00 1.8K Apr 8, 2024 Direct F1, F2
transaction KEX Common Stock, par value $0.10 per share Tax liability -$31.5K -316 -17.53% $99.55 1.49K Apr 8, 2024 Direct F1
transaction KEX Common Stock, par value $0.10 per share Sale -$48.6K -487 -32.75% $99.78 1K Apr 11, 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KEX Restricted Stock Units Options Exercise $0 -803 -100% $0.00* 0 Apr 8, 2024 Common Stock 803 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These items report the vesting of shares which were previously not reported due to an inadvertent administrative error.
F2 Each restricted stock unit represents a contingent right to receive cash or one share of common stock of the issuer.
F3 These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 2, 2023.
F4 These restricted stock units granted on April 8, 2019, vest in five equal annual installments beginning on April 8, 2020. Cash or shares of common stock of the issuer, at the election of the issuer, will be delivered to the reporting person on or as soon as practicable on each vesting date.