Fitzsimmons James L 4

What Happened

• James L. Fitzsimmons, COO of Swift Transportation (a Knight‑Swift subsidiary), had restricted stock units convert to 5,751 shares of KNX Class A common stock on May 31, 2026.
• To cover tax withholding, the company withheld/sold 1,511 of those shares at $75.63 per share, generating cash of $114,276. After withholding, Fitzsimmons received a net of 4,240 shares.
• This was a routine RSU vesting and sell‑to‑cover tax withholding—not an open‑market sale for other purposes.

Key Details

• Transaction date: 2026-05-31; Form filed: 2026-06-01 (timely; within required reporting window).
• Vesting/conversion (transaction code M): 5,751 RSUs converted to 5,751 shares (one‑for‑one).
• Tax withholding/payment (transaction code F): 1,511 shares withheld at $75.63/share; total cash withheld ≈ $114,276 (breakdown by tranche in filing).
• Shares owned after transaction: Not specified in the provided filing summary.
• Relevant footnotes: RSUs convert one‑for‑one to Class A common stock and vest in annual installments across grants (vesting schedules span grants beginning May 31, 2022 through May 31, 2027). Each RSU equals one share.

Context

• This was a vesting of restricted stock units with a sell‑to‑cover tax withholding (company withheld shares to pay taxes). That is a common, routine administrative transaction and does not necessarily signal a personal decision to liquidate beyond satisfying tax obligations.
• Transaction codes: M = conversion/exercise of derivative (RSU conversion); F = payment of tax liability via share withholding.