McCauley Jennifer N. 4

What Happened

• Jennifer N. McCauley, Chief Human Resources Officer of Kirby Corp (KEX), had 934 restricted stock units (RSUs vest) effective Feb 14, 2026. The RSUs converted to stock (reported as derivative exercise/conversion, code M) at $0 exercise price.
• To cover tax withholding (code F), 366 of the vested shares were surrendered/withheld at $124.93 per share for a withholding amount of $45,724. That implies the 934 vested RSUs had an approximate gross value of $116,685 and resulted in about 568 net shares delivered to McCauley.

Key Details

• Transaction date: Feb 14, 2026; Form 4 filed Feb 17, 2026 (appears timely given weekend/holiday timing).
• Reported prices: withholding at $124.93 per share; RSUs converted/exercised at $0 exercise price.
• Shares withheld for taxes: 366 shares — $45,724 reported.
• Net shares delivered: ~568 (934 vested − 366 withheld).
• Footnotes: F1 — each RSU represents a contingent right to receive cash or one share. F2 — these RSUs were granted Feb 13, 2025 and vest in five equal annual installments beginning Feb 14, 2026; issuer may elect to deliver cash or shares on vesting.
• Shares owned after the transaction are not provided in the supplied data.

Context

• This was a standard RSU vesting with share-withholding for taxes (a routine administrative action), not a market purchase. The filing shows conversion/settlement of RSUs and the company withholding shares to satisfy tax obligations. Such withholding is common and does not by itself signal a change in insider sentiment.