---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-010397"
form_type: "8-K"
ticker: "KEX"
cik: "0000056047"
company_name: "KIRBY CORP"
filed_at: "2022-05-20T23:59:59+00:00"
generated_at: "2026-06-25T08:51:53.602892+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kirby Corp enters change of control agreements with 4 executives

## Summary
- CEO David Grzebinski receives 2.99x highest base salary + 2x target bonus; other three get 2x salary + 2x bonus.
- CIC period starts when definitive acquisition agreement signed, ends 2 years after CIC consummation.
- Performance equity awards vest at greater of target or actual performance; non-performance awards governed by plan terms.
- Non-solicitation/non-compete: 36 months for Grzebinski, 24 months for Kumar, O'Neil, Husted.
- Severance conditioned on signing release of claims and compliance with confidentiality, non-disparagement covenants.

## SEC filing metadata
- accession: 0000950170-22-010397
- form_type: 8-K
- ticker: KEX
- cik: 0000056047
- company_name: KIRBY CORP
- filed_at: 2022-05-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56047/000095017022010397/0000950170-22-010397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56047/000095017022010397/kex-20220516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-010397
- JSON: https://secwatch.observer/filing/0000950170-22-010397.json
- Plain text: https://secwatch.observer/filing/0000950170-22-010397.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.