Hastings Trevor J 4

What Happened

• Trevor J. Hastings, Vice President & COO of Knife River Corp (KNF), had a total of 7,479 shares withheld by the issuer to satisfy tax-withholding obligations upon vesting of restricted stock units (RSUs). The withholding occurred on 2026-02-12 in two entries: 2,880 shares and 4,599 shares, each withheld at $81.74 per share.
• Transaction values: 2,880 shares × $81.74 = $235,411; 4,599 shares × $81.74 = $375,922; combined value ≈ $611,333. This is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-12; per-share price: $81.74 for both entries.
• Total shares withheld: 7,479; total value ≈ $611,333.
• Transaction code: F (shares withheld to cover tax withholding on RSU vesting). Footnote F1 confirms these shares were withheld by the issuer for tax obligations.
• Footnote F2 notes that the reported number of shares in the fund may fluctuate daily based on plan activity.
• Filing: Form 4 filed 2026-02-17 for a 2026-02-12 transaction — appears to have been filed within the standard 2 business-day window.
• Shares owned after the transaction: not specified in the provided filing.

Context

• Withholding shares to cover taxes is a routine administrative step when RSUs vest; it is effectively a cashless payment of tax rather than a voluntary sale signaling sentiment.
• For retail investors, these transactions typically do not provide a clear bullish or bearish signal about executive views, as they reflect tax obligations tied to compensation vesting.