McCauley Jennifer N. 4

What Happened
Jennifer N. McCauley, Chief Human Resources Officer of Kirby Corporation (KEX), was granted 5,780 restricted stock units (RSUs) on January 30, 2026. The Form 4 reports the acquisition as a grant (transaction code A) at $0.00 per unit (derivative award). The reported grant value on the filing is $0 because the units are contingent rights to receive cash or common stock rather than a cash purchase.

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 3, 2026 (timely filing).
• Grant: 5,780 restricted stock units; reported price: $0.00 (award/derivative).
• Shares owned after transaction: not specified in the provided filing.
• Footnote F1: Each RSU represents a contingent right to receive either cash or one share of Kirby common stock.
• Footnote F2: The RSUs vest in five equal annual installments beginning February 3, 2027; on each vesting date the company will deliver cash or shares at its election.
• Transaction code: A = Award/Grant; derivative transaction (not an open-market purchase or sale).

Context
This is a compensation grant, not a market purchase or sale. RSU grants are common for executive compensation and only convert to cash or shares upon vesting, so they do not by themselves signal immediate buying or selling of stock.