DRAGG RONALD A 4

What Happened
Ronald A. Dragg, Vice President and Controller of Kirby Corp (KEX), received a grant of 2,975 restricted stock units (RSUs) on January 30, 2026. The grant is reported as an award (transaction code A) with an acquisition price of $0.00 — typical for compensation awards. The RSUs are a derivative award representing a contingent right to receive cash or one share of Kirby common stock.

Key Details

• Transaction date: 2026-01-30; Form filed: 2026-02-03 (filed within the usual 2-business‑day Form 4 window).
• Amount: 2,975 RSUs granted at $0.00 (derivative award).
• Vesting: Grants vest in five equal annual installments beginning February 3, 2027 (footnote). On each vesting date, the issuer may deliver cash or shares to the reporting person.
• Shares owned after transaction: not specified in the provided filing extract.
• Notes: F1 clarifies each RSU converts to cash or one share; F2 explains vesting and issuer election of cash vs. shares.

Context
This is a routine equity compensation grant rather than an open‑market purchase or sale. RSU awards are common for executive compensation and do not by themselves indicate a buy/sell market signal; value realized will depend on vesting and whether payment is in cash or stock.