Kumar Raj 4

What Happened

• Kumar Raj, Executive Vice President and Chief Financial Officer of Kirby Corporation, received a grant of 5,525 restricted stock units (RSUs) on January 30, 2026. The grant is reported as an acquisition (transaction code A) with a $0.00 per-unit price at grant (a derivative award), so no cash was exchanged at the time of grant.

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 3, 2026 (no late filing indicated).
• Grant size: 5,525 RSUs; grant reported at $0.00 per unit (derivative award).
• Vesting: RSUs vest in five equal annual installments beginning February 3, 2027 (see footnote). On each vesting date the company will deliver either cash or shares, at the issuer’s election.
• Footnote: Each RSU represents a contingent right to receive cash or one share of common stock.
• Shares owned after transaction: Not specified in the filing.

Context

• RSU grants are compensation awards, not open-market purchases or sales, so they do not directly signal immediate buying or selling by the insider. These units will convert to cash or shares as they vest, which can result in future share issuance or insider holdings changing over time.