DRAGG RONALD A 4

What Happened

• Ronald A. Dragg, Vice President and Controller of Kirby Corp (KEX), exercised 2,787 shares via option conversion (reported acquisition value $204,259 at an exercise-related price of $73.29) and separately sold 5,429 shares in an open-market transaction at $122.00 per share for proceeds of $662,338 (all transactions dated Feb 4, 2026). The filing also lists a derivative disposition line for 2,787 shares at $0 (reported as a derivative reporting entry).

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06.
• Exercise: 2,787 shares acquired at $73.29 (aggregate $204,259).
• Sale: 5,429 shares sold at $122.00 (aggregate $662,338).
• Derivative line: 2,787 shares reported as disposed at $0 (reported as a derivative entry).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• No 10b5-1 plan or tax-withholding instruction is indicated in the reported lines provided.

Context

• Code M indicates option exercise/conversion — Dragg acquired shares via exercise. The separate open-market sale is a disposition (sale), which many insiders use for liquidity or portfolio management; purchases (bullish signals) tend to be more informative than routine sales. The sale volume exceeds the exercised quantity, indicating the sold shares included previously held shares in addition to any exercised shares.