Woodruff William Matthew 4

What Happened

• William M. Woodruff, VP of Public and Government Affairs at Kirby Corp (KEX), was granted 1,275 restricted stock units (RSUs) on January 30, 2026. The award is reported as an acquisition (code A) with an acquisition price of $0.00 (derivative award). No cash was paid by the reporting person for these units.

Key Details

• Transaction date: 2026-01-30; filing date: 2026-02-03 (Form 4 accession 0001193125-26-036190).
• Grant: 1,275 RSUs at $0.00 (derivative award).
• Shares owned after transaction: not disclosed in this filing.
• Footnote F1: Each RSU represents a contingent right to receive either cash or one share of common stock.
• Footnote F2: The RSUs vest in five equal annual installments beginning February 3, 2027; the company may elect to settle each installment in cash or shares and will deliver on or as soon as practicable on each vesting date.
• Transaction code: A (award/grant). Filing shows no delinquency flag.

Context

• This is a standard equity award to an executive; it is a deferred/conditional grant (RSUs) rather than a market purchase or sale. Because settlement may be in cash or stock and vesting is spread over five years, the award provides future compensation tied to continued service rather than an immediate change in ownership.