Knife River (KNF) Director Karen B. Fagg Receives Phantom Stock Award

What Happened

• Karen B. Fagg, a director of Knife River Corp (KNF), received a grant of 329.852 phantom stock units on 2026-09-30. The units are reported at $53.43 each for a total reported value of $17,625. This was an award/compensation grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-10-01 (Form 4 accession 0001225208-26-008063) — appears timely.
• Transaction code: A (award/grant); reported price per unit: $53.43; total reported value: $17,625.
• Shares/units awarded: 329.852 phantom stock units (derivative).
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: Each phantom stock unit is the economic equivalent of one share of common stock and becomes payable in cash upon the reporting person’s termination of service as a director.

Context

• Phantom stock is a cash-settled derivative that mirrors the economic value of common shares but does not issue actual shares or cause immediate dilution. This award reflects director compensation rather than an insider market buy or sell; it should be viewed as pay rather than a direct market sentiment indicator.