Knight-Swift (KNX) CAO exercises 7,369 RSU shares and withholds 1,722 for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Knight-Swift Transportation Holdings Inc. Executive Vice President and Chief Accounting Officer Cary M. Flanagan reported routine equity compensation activity involving restricted stock units on May 31, 2026. He exercised derivative awards to acquire a total of 7,369 shares of Class A Common Stock as units vested and converted one-for-one into shares.
To cover tax obligations associated with these vestings, a total of 1,722 shares of Class A Common Stock were withheld at a price of $75.63 per share, reported as tax-withholding dispositions rather than open-market sales. Following these transactions, Flanagan directly holds 7,058 shares of Class A Common Stock. The filing also notes that each restricted stock unit grants a contingent right to receive one share of Knight-Swift Class A Common Stock, with multiple grants vesting in five equal annual installments beginning on various May 31 dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,369 shares exercised/converted
Mixed
16 txns
Insider
Flanagan Cary M
Role
Exec VP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 356 | $0.00 | -- |
| Exercise | Restricted Stock Units | 594 | $0.00 | -- |
| Exercise | Restricted Stock Units | 728 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,047 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,141 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,503 | $0.00 | -- |
| Exercise | Class A Common Stock | 356 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 159 | $75.63 | $12K |
| Exercise | Class A Common Stock | 594 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 265 | $75.63 | $20K |
| Exercise | Class A Common Stock | 728 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 324 | $75.63 | $25K |
| Exercise | Class A Common Stock | 1,047 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 466 | $75.63 | $35K |
| Exercise | Class A Common Stock | 1,141 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 508 | $75.63 | $38K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 7,217 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert to Class A Common Stock on a one-for-one basis. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2022. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2023. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2024. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2025. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2026. Stock is issued when and as vested. The restricted stock unit grant vests in five equal annual installments beginning May 31, 2027. Stock is issued when and as vested Each restricted stock unit represents a contingent right to receive one share of KNX Class A Common Stock.
Key Figures
RSU exercises: 7,369 shares
Tax-withholding shares: 1,722 shares
Tax-withholding price: $75.63 per share
+3 more
6 metrics
RSU exercises
7,369 shares
Total derivative exercises reported in transactionSummary
Tax-withholding shares
1,722 shares
Shares withheld to satisfy tax liabilities
Tax-withholding price
$75.63 per share
Price used for F-code tax-withholding dispositions
Post-transaction holdings
7,058 shares
Class A Common Stock directly held after transactions
Exercise events
6 transactions
Number of derivative exercises in transactionSummary
Tax-withholding events
5 transactions
Number of F-code tax-withholding dispositions
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, Class A Common Stock, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock unit grant vests in five equal annual installments..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Class A Common Stock financial
"Restricted stock units convert to Class A Common Stock on a one-for-one basis."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share..."
FAQ
What insider transactions did Cary M. Flanagan report at Knight-Swift (KNX)?
Cary M. Flanagan reported routine equity compensation activity, exercising restricted stock units into Class A Common Stock and having shares withheld to cover taxes. These transactions reflect vesting and settlement of awards rather than open-market purchases or sales by the executive.
How do Knight-Swift (KNX) restricted stock units reported here vest and convert?
The restricted stock units vest in five equal annual installments beginning on specified May 31 dates, such as May 31, 2022 and later years. As each installment vests, stock is issued, with each unit converting into one share of Knight-Swift Class A Common Stock.
Are the Knight-Swift (KNX) Form 4 transactions open-market trades?
No, the filing shows derivative exercises and tax-withholding dispositions, not open-market trades. Exercises are conversions of restricted stock units into shares, while F-code entries reflect shares withheld to pay taxes associated with those vesting events.