Harrington Timothy Sean 4

What Happened Timothy Sean Harrington, President — US Xpress at Knight‑Swift (KNX), had 2,422 restricted stock units convert into 2,422 shares on January 31, 2026. Of those, 954 shares were withheld to cover tax withholding at $55.10 per share (total withheld ≈ $52,565). The remaining 1,468 shares were issued to Harrington (net issuance).

Key Details

• Transaction date: January 31, 2026; Form 4 filed February 3, 2026.
• Conversion: 2,422 RSUs converted into 2,422 Class A shares (reported as derivative exercise/conversion, code M).
• Tax withholding: 954 shares withheld (code F) at $55.10/share, total ≈ $52,565.
• Net shares received: 1,468 shares (2,422 − 954). At $55.10 this equals roughly $80,887 in value.
• Footnotes: F1 — RSUs convert one‑for‑one into Class A common stock. F2 — remaining units vested on Jan 31, 2026 and were issued as vested.
• Filing timeliness: Form filed Feb 3, 2026 reporting Jan 31 activity; no late‑filing flag indicated in the provided data.
• Shares owned after transaction: Not specified in the provided excerpt.

Context

• This was a routine RSU vesting and tax‑withholding event, not an open‑market purchase or sale. Code M indicates conversion/exercise of a derivative (here, RSUs); code F indicates shares were withheld to satisfy tax obligations.
• Such withholding is common at vesting and does not necessarily signal a buy or sell decision about the company's stock.