Knight-Swift (KNX) President receives 3,966 restricted stock units in new grant
Rhea-AI Filing Summary
Vitiritto Joseph A. reported acquisition or exercise transactions in this Form 4 filing.
Knight-Swift Transportation Holdings Inc. reported that President Joseph A. Vitiritto received a grant of 3,966 restricted stock units. Each unit represents a contingent right to receive one share of Class A common stock.
The grant vests in five equal annual installments beginning on May 31, 2027, with stock issued only when and as each portion vests. Following this grant, Vitiritto’s reported derivative holdings from this award total 3,966 units, reflecting routine equity-based compensation rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insights
Routine RSU grant to President, non-market and compensation-related.
President Joseph A. Vitiritto received 3,966 restricted stock units as equity compensation. The units carry a zero exercise price and each converts into one share of Class A common stock upon vesting, aligning his incentives with long-term shareholder value.
The grant vests in five equal annual installments starting on May 31, 2027, creating a multi-year retention and performance horizon. Because this is an award (code A) rather than an open-market purchase or sale, it provides limited information about Vitiritto’s short-term view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,966 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of KNX Class A Common Stock.
- F2. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2027. Stock is issued when and as vested
Key Figures
Key Terms
Restricted Stock Units financial
Class A Common Stock financial
vests in five equal annual installments financial
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