KNX Knight-Swift Transportation Holdings Inc.
Price Chart
Executive Summary
Founder and Executive Chairman Kevin Knight retired effective June 3, 2026, with no disagreement with the company. Lead Independent Director David Vander Ploeg was appointed as Chair. Knight entered a 24-month consulting agreement with a $20.25 million fee. This is a planned leadership transition, not a forced departure.
Actionable Insight
Monitor for any strategic shifts under new Chair David Vander Ploeg. The $20.25M consulting fee is a modest cash outflow for a $12.7B market cap company. No immediate trading catalyst.
Key Facts
- Kevin Knight resigned as Executive Chairman and Board member effective June 3, 2026, not due to any disagreement with the company.
- David Vander Ploeg, Lead Independent Director since May 2023, appointed as Chair of the Board.
- Knight entered a 24-month Retirement and Consulting Agreement with a total fee of $20.25 million.
- $10.125 million of the consulting fee is payable on June 12, 2026; the remaining $10.125 million in equal monthly installments over 24 months.
- Knight forfeited all unvested equity awards as of the effective date.
Financial Impact
$20.25 million consulting fee, with $10.125 million paid upfront and $10.125 million over 24 months.
Risk Factors
- Potential loss of founder influence on strategic direction.
- Consulting fee represents a non-operating cash expense.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001492691-26-000051 |
| Exhibit: exhibit99106042026.htm | 0001492691-26-000051 |
| Document: 0001492691-26-000051-index-headers.html | 0001492691-26-000051 |
| Document: 0001492691-26-000051-index.html | 0001492691-26-000051 |
| Document: 0001492691-26-000051.txt | 0001492691-26-000051 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
2d ago
|
8-K
| — | awaiting T+5 | — | — |
|
May 13, 2026
24d ago
|
8-K
| — | awaiting T+5 | — | — |
|
May 8, 2026
29d ago
|
8-K
| $61.70 $69.01 | ▲ +11.85% | ▲ +11.93% | $78.57 (+27.33%) |
|
Apr 22, 2026
6w ago
|
8-K
| $65.74 $63.36 | ▲ +3.63% | ▲ +5.10% | $78.57 (−19.51%) |
|
Apr 16, 2026
7w ago
|
8-K
| $64.37 $65.00 | ▲ +0.98% | ▲ +0.42% | $78.57 (+22.05%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access