Kirby Corp (NYSE:KEX) Chief Executive Officer David W. Grzebinski completed a transaction on February 24, 2026, selling 34,152 shares of company stock for approximately $4.44 million. According to a Form 4 filing with the Securities and Exchange Commission, those shares were disposed of at prices ranging from $130.00 to $130.36, levels close to the stock's 52-week high of $132.18.
The sale follows a contemporaneous option exercise. The filing shows Grzebinski exercised options to acquire 34,152 shares at an exercise price of $73.29, representing a total exercise value of about $2.5 million. After reporting the sale, Grzebinski's direct ownership in Kirby stands at 98,241 shares.
Shares of Kirby have climbed 32% over the past six months, and the sale prices recorded by Grzebinski were near the year-high range. An InvestingPro analysis noted in the filing that the stock remains undervalued versus its Fair Value, and further detail is available through the platform's Pro Research Report covering KEX and other U.S. equities.
Financially, Kirby reported fourth-quarter 2025 results that provided a mixed picture for investors. The company delivered earnings per share of $1.68, beating analyst expectations of $1.63. Revenue, however, came in at $851.8 million versus forecasts of $861.68 million, a shortfall that has drawn investor attention despite the EPS outperformance.
In parallel with the financial updates and insider activity, Kirby announced a board-level change. The company said Tracy A. Embree has been appointed as an independent director. Embree, described as the former President of Otis Americas, brings more than 25 years of experience in industrial operations and related sectors. She will stand for election at Kirby's annual meeting in April.
These developments - executive stock transactions, option exercises, recent quarterly results, and a board appointment - reflect ongoing management and governance actions at Kirby. The Form 4 disclosure and the company's quarterly filing offer the concrete details behind the transactions and corporate updates.
Contextual note: The transaction dates, share counts, prices, option exercise terms, ownership totals, quarterly results, and the board appointment are reported as disclosed in regulatory filings and Kirby's corporate announcements.