Executive Chairman Kevin P. Knight Sells Additional $1.8 Million in Company Stock
summarizeSummary
Executive Chairman Kevin P. Knight sold an additional $1.8 million in company shares, marking a continued pattern of insider selling following recent negative financial results.
check_boxKey Events
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Executive Chairman Sells Shares
Kevin P. Knight, Executive Chairman, disposed of 30,000 shares of Class A Common Stock for a total value of $1,830,087 at an average price of $61.00 per share on February 20, 2026.
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Follows Recent Insider Sales
This transaction occurs just one day after Mr. Knight's previous sale of over $4.2 million in shares (reported on February 19, 2026) and adds to a pattern of insider distribution totaling over $5 million in the last 90 days.
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Coincides with Poor Financial Results
The sale follows the company's recent 10-K filing on February 19, 2026, which reported a significant 43.9% drop in net income and declining EPS for 2025.
auto_awesomeAnalysis
Executive Chairman Kevin P. Knight's sale of $1.8 million in company stock follows a previous $4.2 million sale just one day prior and coincides with the company's recent disclosure of a significant drop in net income and EPS for 2025. This continued selling by a key insider, especially after negative financial results, reinforces a bearish signal regarding the company's near-term outlook. Investors should note the pattern of insider distribution.
At the time of this filing, KNX was trading at $59.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $9.6B. The 52-week trading range was $36.69 to $62.63. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.