Kirby Corp's CIO Sells Nearly 4k Shares As Company Elects New Board Director

The Motley Fool

by newsfeedback@fool.com (Adé Hennis)

February 22, 2026

AI-Generated Deep Dive Summary

Kirby Corporation’s Chief Investment Officer, Scott P. Miller, made headlines with a significant insider transaction when he sold 3,960 shares of the company’s stock on February 10, 2026. The sale, valued at approximately $478,000 based on the reported price per share of $120.68 from the SEC Form 4 filing, occurred as Kirby Corporation announced a new board director appointment earlier in the month. This move raises questions about Miller’s reasons for selling and what it might indicate about his confidence in the company’s future. Miller, who serves as both Vice President and CIO at Kirby, has been a key figure in shaping the company’s financial strategies. His sale of nearly 4,000 shares, while not an unusually large transaction by insider standards, comes during a period of change for the marine transporter giant. The timing of the sale coincides with the appointment of a new board director, which could signal shifts in strategic direction or investor sentiment. Insiders often sell shares for various reasons, including personal financial planning, diversification of assets, or anticipation of changes in company leadership. For investors and finance professionals, this transaction is notable because it highlights the importance of monitoring insider activity as a potential indicator of broader market trends. Insider sales can sometimes reflect confidence—or lack thereof—in a company’s short-term prospects. In Kirby’s case, while the sale does not necessarily signal immediate cause for concern, it underscores the need to stay informed about key developments within the organization, such as leadership changes and strategic decisions. Kirby Corporation operates in the competitive marine transportation sector, and its performance is closely watched by investors. The company’s stock price has shown

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Originally published on The Motley Fool on 2/22/2026