Hill Thomas W. 4
4 · Knife River Corp · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Knife River (KNF) Director Thomas W. Hill Receives RSU Award (2,040)
What Happened Thomas W. Hill, a director of Knife River Corporation (KNF), was granted 2,040 restricted stock units (RSUs) on May 20, 2026. The Form 4 reports the acquisition as an award (code A) at $0.00 per unit (total reported acquisition value $0). Each RSU represents the contingent right to receive one share of common stock if and when the RSUs vest.
Key Details
- Transaction date: 2026-05-20; Form 4 filed 2026-05-21 (timely filing).
- Instrument: 2,040 RSUs (reported as award/acquisition, code A).
- Reported price/value: $0.00 per RSU (typical for equity awards at grant).
- Shares owned after transaction: not specified in the filing.
- Footnote: RSUs vest on the day immediately prior to the issuer's next annual meeting of stockholders and are conditioned on Hill continuing to serve on the board through the vesting date; each RSU converts to one share upon vesting.
Context RSU awards are a common form of director compensation and do not represent an immediate open-market purchase or sale. They only convert into actual shares (and potential economic value) if the vesting conditions are met. This award should be viewed as compensation rather than a direct market sentiment signal; no sale or cashless exercise was reported.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-20+2,040→ 5,496 total
Footnotes (1)
- [F1]Represents restricted stock units (RSUs) that vest on the day immediately prior to the date of the next Knife River Corporation (the "issuer") annual meeting of stockholders occurring after the date of grant and subject to the reporting person continuing in service on the board of directors of the issuer through such vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock.