KNX Exec VP/CAO Cary Flanagan Receives 3,503 Shares (RSU Vesting)

What Happened

• Cary M. Flanagan, Executive Vice President and Chief Administrative Officer of Knight‑Swift Transportation Holdings (KNX), had multiple restricted stock unit (RSU) grants vest on May 31, 2026. A total of 3,503 shares were issued upon conversion of RSUs (transaction code M). To satisfy tax withholding (transaction code F), 1,722 shares were withheld at a price of $75.63 per share, totaling approximately $130,235. Net shares issued to Flanagan after withholding: 1,781 shares.
• This was an issuance on vesting (award conversion), not an open‑market purchase or sale—withholding to cover taxes is routine.

Key Details

• Transaction date: May 31, 2026. Form 4 filed June 1, 2026 (timely).
• Price used for tax withholding: $75.63 per share.
• Gross shares issued on vesting: 3,503; shares withheld for taxes: 1,722; net shares received: 1,781.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: RSUs convert one‑for‑one into Class A common stock and vest in annual installments across multiple grants (vesting schedules beginning May 31, 2022–2027). Each RSU is a contingent right to one share.
• Transaction codes explained: M = exercise/conversion of a derivative (here, RSU conversion); F = payment of exercise price or tax liability (share withholding).

Context

• These transactions reflect routine RSU vesting and share withholding for taxes (a common non‑market disposition), not a market sale or buy order. For retail investors, net new shares received (1,781) represent insider stock acquired via compensation vesting rather than a discretionary market purchase.