Fitzsimmons James L 4

What Happened James L. Fitzsimmons, COO of Swift Transportation (a Knight‑Swift unit), had 2,422 restricted stock units (RSUs) convert into Class A common shares on January 31, 2026. Of those, 1,130 shares were withheld to satisfy tax withholding at $55.10 per share (total value $62,263), leaving a net issuance of 1,292 shares to Fitzsimmons. The RSUs converted on a one‑for‑one basis and carried no exercise price.

Key Details

• Transaction date: January 31, 2026; Form filed February 2, 2026 (appears timely).
• Conversion: 2,422 RSUs converted to 2,422 shares (derivative conversion, code M); conversion price $0 (no exercise price).
• Tax withholding: 1,130 shares withheld (code F) at $55.10/share for $62,263.
• Net shares received by insider: 1,292 shares (2,422 vested − 1,130 withheld).
• Shares owned after transaction: total holdings after this transaction are not specified in the filing.
• Footnotes: F1 — RSUs convert one‑for‑one into Class A common stock. F2 — Remaining stock units vested on Jan 31, 2026 and are issued as vested.

Context This filing documents routine RSU vesting and tax‑withholding rather than an open‑market purchase or voluntary sale. Withholding shares to cover taxes is a common administrative disposition and does not necessarily indicate a view on the company’s stock. For investors, outright purchases by insiders often carry more weight than routine vesting events.