Grzebinski David W 4

What Happened
David W. Grzebinski, CEO and Director of Kirby Corp (KEX), exercised stock options to acquire 34,152 shares at an exercise price of $73.29 per share (cost ≈ $2.503M) and then sold those 34,152 shares in the open market on Feb 24, 2026 for a weighted average price of $130.05 per share (proceeds ≈ $4.441M). The transactions indicate a cashless-style exercise where the acquired shares were promptly sold. Net proceeds before fees and taxes were approximately $1.94M.

Key Details

• Transaction date: 2026-02-24 (reported on Form 4 filed 2026-02-26) — filing appears timely.
• Exercise: 34,152 shares exercised at $73.29/share (total cost ≈ $2,503,000).
• Sale: 34,152 shares sold at a weighted average price $130.05/share (total proceeds ≈ $4,441,468).
• Footnote: Weighted average sale price was $130.05; individual sale prices ranged from $130.00 to $130.36. The filer can provide the number of shares sold at each separate price to the SEC upon request.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was an exercise of derivative awards (options) followed by an immediate sale of the resulting shares — a common way for executives to realize option value and cover exercise costs, taxes, or diversify.
• Such sales are routine and do not, by themselves, indicate the insider’s long-term view of the company.