Carmona-Alvarez German 4

What Happened German Carmona‑Alvarez, a director of Knife River Corporation (KNF), received a grant of 2,040 restricted stock units (RSUs) on 2026-05-20. The award was reported on a Form 4 filed 2026-05-21. The grant price is reported as $0.00 because these are compensation RSUs (not an open‑market purchase); no cash changed hands at grant.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-21 (appears timely).
• Transaction type/code: Award/Grant (A).
• Amount: 2,040 RSUs; reported acquisition price: $0.00 (reflecting a grant).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: RSUs vest on the day immediately prior to the issuer’s next annual meeting of stockholders and are contingent on the reporting person remaining on the board; each RSU represents the right to receive one share upon vesting.

Context RSU grants to directors are a common form of compensation and are not the same as an open‑market purchase or sale. These RSUs only convert into actual shares if and when the vesting conditions are met (here, continued board service through the vesting date), so this filing reflects compensation recognition rather than a direct market bet by the director.