David W. Grzebinski - 23 Jan 2023 Form 4 Insider Report for KIRBY CORP (KEX)

Role
President & CEO, Director
Signature
Ronald A. Dragg, Agent and Attorney-in-Fact
Issuer symbol
KEX
Transactions as of
23 Jan 2023
Net transactions value
-$663,967
Form type
4
Filing time
25 Jan 2023, 18:00:28 UTC
Previous filing
17 Feb 2022
Next filing
03 Feb 2023
SEC
View on sec.gov

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 $1,805,089 +35,235 +52% $51.23 102,493 23 Jan 2023 Direct
transaction KEX Common Stock, par value $0.10 per share Tax liability $1,991,792 -30,991 -30% $64.27 71,502 23 Jan 2023 Direct
transaction KEX Common Stock, par value $0.10 per share Options Exercise $0 +18,748 +26% $0.000000 90,250 24 Jan 2023 Direct F1
transaction KEX Common Stock, par value $0.10 per share Tax liability $477,265 -7,380 -8.2% $64.67 82,870 24 Jan 2023 Direct

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 Employee Stock Options (Right to Buy) Options Exercise $0 -35,235 -100% $0.000000* 0 23 Jan 2023 Common Stock 35,235 $51.23 Direct
transaction KEX Restricted Stock Units Options Exercise $0 -3,264 -100% $0.000000* 0 24 Jan 2023 Common Stock 3,264 Direct F1, F2
transaction KEX Restricted Stock Units Options Exercise $0 -3,571 -50% $0.000000 3,571 24 Jan 2023 Common Stock 3,571 Direct F1, F3
transaction KEX Restricted Stock Units Options Exercise $0 -3,763 -33% $0.000000 7,526 24 Jan 2023 Common Stock 3,763 Direct F1, F4
transaction KEX Restricted Stock Units Options Exercise $0 -8,150 -25% $0.000000 24,450 24 Jan 2023 Common Stock 8,150 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive cash or one share of common stock of the issuer.
F2 These restricted stock units granted on February 22, 2018, vest in five equal annual installments beginning on January 24, 2019. 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.
F3 These restricted stock units granted on February 1, 2019, vest in five equal annual installments beginning on January 24, 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.
F4 These restricted stock units granted on January 31, 2020, vest in five equal annual installments beginning on January 24, 2021. 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.
F5 These restricted stock units granted on January 29, 2021, vest in five equal annual installments beginning on January 24, 2022. 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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney