Pladsen Glenn R. 4

What Happened Glenn R. Pladsen, Vice President & Chief Excellence Officer of Knife River (KNF), had shares withheld to cover tax withholding obligations upon the vesting of restricted stock units (RSUs). On 2026-02-12 the issuer withheld 1,385 shares at $81.74 each ($113,210) and 1,569 shares at $81.74 each ($128,250), a total of 2,954 shares with an aggregate value of approximately $241,460. These were dispositions for tax withholding (transaction code F), not open-market sales.

Key Details

• Transaction date: 2026-02-12 (reported on Form 4 filed 2026-02-17).
• Prices and values: 1,385 shares @ $81.74 = $113,210; 1,569 shares @ $81.74 = $128,250; total ≈ $241,460.
• Transaction code: F — shares withheld by issuer to cover tax withholding upon RSU vesting (footnote F1).
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Form 4 was filed on 2026-02-17 for a 2026-02-12 transaction (filed after the typical 2-business-day window).

Context This was a routine tax-withholding disposition accompanying the vesting of equity awards, not an open-market sale, and therefore generally not read as a bearish signal about company prospects. Footnote F1 confirms the shares were withheld to satisfy tax withholding; footnote F2 notes that reported share counts tied to plan funds may fluctuate with plan activity.