Kumar Raj 4

What Happened

• Kumar Raj, Executive Vice President and Chief Financial Officer of Kirby Corporation (KEX), had restricted stock units (RSUs) convert/vest on Feb 3, 2026. The Form 4 shows a total of 10,916 RSU-related conversions/exercises.
• Of those, 2,208 shares were withheld/sold to cover tax withholding at $120.68 per share, generating proceeds of $266,461 (transaction code F). The remainder of the vested RSUs were converted into shares and retained (net increase of 8,708 shares based on the filing lines).

Key Details

• Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (filed within the typical two-business-day window).
• Tax-withholding sale: 2,208 shares @ $120.68 for $266,461 (code F).
• RSU conversions/exercises listed (code M) total 10,916 shares across multiple grant vintages.
• Footnotes: Each RSU represents a contingent right to cash or one share. Grants referenced were made in 2022, 2023, 2024 and 2025 and vest in five equal annual installments (see F1–F5); the issuer may deliver cash or shares at its election on vesting.
• Shares owned after the transaction: not specified in the excerpted filing.

Context

• This was a routine vesting and tax-withholding event (not an open-market purchase or a discretionary sale). Withholding/sale to cover taxes (code F) is common on RSU vesting and is not necessarily a signal about the insider’s view of the stock.
• Because multiple RSU grants and vesting schedules are noted, the filing reflects scheduled compensation vesting rather than a new option grant or a 10% beneficial-owner transaction.