secwatch.observer — SEC 8-K summary
======================================

Issuer:     KIRBY CORP (KEX)
CIK:        0000056047
Form:       8-K
Filed at:   2022-05-20T23:59:59+00:00
Accession:  0000950170-22-010397
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kirby Corp enters change of control agreements with 4 executives
----------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56047/000095017022010397/0000950170-22-010397-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56047/000095017022010397/kex-20220516.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-010397

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer