David W. Grzbinski, Executive Director Kirby Corporation (NYSE:KEX)reported the sale of 34,152 shares of common stock for $4.44 million on Feb. 24, 2026, according to an SEC Form 4 filing.
|
Matric |
value |
|---|---|
|
Selling Shares (Direct) |
34,152 |
|
Transaction value |
~$4.4 million |
|
Post-Transaction Dividends (Direct) |
98,241 |
|
Post-Transfer Value (Direct Property) |
~$12.8 million |
Transaction value based on SEC Form 4 weighted average purchase price ($130.05); The post-transaction value is the market close based on February 24, 2026 ($130.05).
-
What was the structure of the transaction?
A total of 34,152 shares sold were acquired through the exercise of immediate options and then sold as common stock; This is a typical liquidity event for senior executives. -
How did this sale affect Grzebinski’s direct ownership?
The sale reduced Grzbinski’s direct common stock by 25.80%, leaving him with 98,241 shares directly after the transaction.
|
Matric |
value |
|---|---|
|
Revenue (TTM) |
3.36 billion dollars |
|
net income (TTM) |
354.57 million dollars |
|
the price |
$129.80 |
|
1 year price change |
26.74% |
*Price and 1-year performance calculated as of February 28, 2026 as reference date.
Kirby Corporation is a leading provider of marine transportation and specialized distribution services in the United States, operating the nation’s largest fleet of tank barges and towboats. It carries materials such as petrochemicals, agricultural chemicals, various industrial fuels, and refined petroleum products.
In late January, Kirby reported strong Q4 fiscal 2025 earnings, beating estimates of $1.62 in earnings per share (EPS) and posting $1.68, the best in the quarter. The company also closed FY2025 with other strong results, as it has continued over the years. The stock has seen five consecutive annual gains and is already up 18% this year (through February 28, 2026). In February alone, the stock rose 10.50%.
Kirby operates in an industry that may be unfamiliar to everyday consumers but is heavily relied upon by the energy and industrial sectors, as the nation’s largest technology, petroleum, freight and automotive companies rely on its transportation services to receive and ship bulk and waste.
It is America’s largest operator of tank barges, which are non-operational cargo ships that are attached to ships that either push or tow them. Barges usually operate on inland waterways, and Kirby often uses the Mississippi River system to transport goods.
If investors want a unique opportunity to invest in an industry that remains relevant among industrial companies, then Kirby is a perfect choice.





