Fagg Karen B 4

What Happened Karen B. Fagg, a director of Knife River Corp (KNF), received a grant of 221.676 phantom shares on 2026-03-31. The grant is recorded at $79.51 per share, for a reported economic value of $17,625. This was an award/compensation (derivative phantom stock), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-31; grant/award (transaction code A).
• Grant terms reported: 221.676 phantom shares valued at $79.51 each, total $17,625.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing date: 2026-04-01 (the Form 4 was filed one day after the transaction).
• Footnote: Each phantom share is the economic equivalent of one common share and is payable in cash upon the reporting person’s termination of service as a director (cash‑settled derivative).

Context

• This award is a compensation event (derivative phantom stock) rather than a market purchase or sale; it provides a cash payment tied to the company’s share value when the director’s service ends, so it doesn’t represent an immediate bullish or bearish trade signal.
• No indication of a 10b5-1 plan, sale, tax withholding, or late filing was reported in the provided details.