Niemietz Kurt A. 4
4 · KIRBY CORP · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Kirby (KEX) VP Kurt Niemietz Exercises RSUs; 693 Shares Withheld
What Happened
Kurt A. Niemietz, Vice President Investor Relations & Treasurer of Kirby Corp (KEX), reported the conversion/vesting of restricted stock units (RSUs) on February 3, 2026. The filing shows 1,656 shares acquired upon conversion (reported at $0.00 per share), and the company withheld 693 shares to satisfy tax withholding obligations, valued at $120.68 per share for a total withholding of $83,631. The filing also lists several other RSU conversion/disposition line items (455, 416, 418, and 367 shares) reported as disposals with $0 value per the form.
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (filed within the normal two-business-day window).
- Primary conversion: 1,656 shares reported acquired at $0.00 (RSU vesting/conversion).
- Tax withholding: 693 shares withheld at $120.68/share = $83,631 (code F — payment of tax liability).
- Additional derivative entries: disposals of 455, 416, 418 and 367 shares reported as $0 disposals (per filing lines).
- Shares owned after the transactions: not specified in the supplied filing excerpt.
- Footnotes: these are RSUs granted in 2022–2025 that vest in five equal annual installments (deliverable as cash or shares at the issuer’s election).
Context
This was a routine RSU vesting and tax-withholding event (M = conversion/exercise of derivative; F = tax withholding). The withholding of shares to cover taxes is a common cashless settlement of compensation and does not necessarily indicate a market-sale decision by the insider. These filings are compensatory (not open-market purchases or voluntary sales) and should be viewed as routine executive compensation administration rather than a direct bullish or bearish signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $0.10 per share
[F1]2026-02-03+1,656→ 2,887 total - Tax Payment
Common Stock, par value $0.10 per share
2026-02-03$120.68/sh−693$83,631→ 2,194 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-03−455→ 455 total→ Common Stock (455 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-03−416→ 832 total→ Common Stock (416 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-03−418→ 1,254 total→ Common Stock (418 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-02-03−367→ 1,468 total→ Common Stock (367 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive cash or one share of common stock of the issuer.
- [F2]These restricted stock units granted on January 28, 2022, vest in five equal annual installments beginning on February 3, 2023. Cash or shares of common stock of the issuer, at the election of the issuer, will be delivered to the reporting person on or as soon as practicable on each vesting date.
- [F3]These restricted stock units granted on February 1, 2023, vest in five equal annual installments beginning on February 3, 2024. Cash or shares of common stock of the issuer, at the election of the issuer, will be delivered to the reporting person on or as soon as practicable on each vesting date.
- [F4]These restricted stock units granted on February 2, 2024, vest in five equal annual installments beginning on February 3, 2025. Cash or shares of common stock of the issuer, at the election of the issuer, will be delivered to the reporting person on or as soon as practicable on each vesting date.
- [F5]These restricted stock units granted on January 31, 2025, vest in five equal annual installments beginning on February 3, 2026. Cash or shares of common stock of the issuer, at the election of the issuer, will be delivered to the reporting person on or as soon as practicable on each vesting date.