Hill Thomas W. 4

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.