Knight-Swift Transportation Holdings Inc.·4/A

Mar 24, 2:19 PM ET

Miller Adam W 4/A

Research Summary

AI-generated summary

Updated

Knight‑Swift (KNX) CEO Adam W. Miller Receives RSUs, Sells Shares

What Happened

  • Adam W. Miller, CEO and director of Knight‑Swift Transportation Holdings (KNX), had 17,758 restricted stock units convert into 17,758 shares on March 12, 2026. Of those shares, 7,699 were withheld/sold to cover tax withholding at $55.10 per share, generating $424,215. The filing is amended to reflect a joint account.

Key Details

  • Transaction date: March 12, 2026; filing date (amended): March 24, 2026.
  • Converted/issued: 17,758 shares from restricted stock units (1:1 conversion).
  • Tax withholding/disposition: 7,699 shares disposed at $55.10 each for $424,215.
  • Net shares retained from this issuance: 17,758 − 7,699 = 10,059 shares (based on the reported conversion and withholding).
  • Footnotes: F1 — RSUs convert one-for-one into Class A common stock. F2 — the RSUs vested Jan 31, 2026, but issuance occurred Mar 12, 2026 when performance targets were certified. F3 — amended to show joint account held JTWROS with Nichole A. Miller.
  • Filing notes: This is an amended Form 4 filed 12 days after the reported transaction date; the amendment updated account ownership information.

Context

  • This was not an open‑market purchase but the conversion/issuance of performance-based restricted stock units with shares withheld to satisfy tax obligations — a routine administrative transaction common for equity awards. Such withholdings and sales to cover taxes do not necessarily signal the insider’s market view.