Director William M. Waterman sold 40,001 shares of KEX at $130.14 on 2024-11-25 for $5.2M, reducing holdings by -51.7%.
Director Waterman sold 40,001 shares at $130.14, representing a -51.7% reduction in his holdings from 77,316 to 37,315 shares. The transaction occurred near the 52-week high of $130.55, with the stock at -0.6% from its yearly peak. His cross-ticker track record shows only 1 prior sell trade with a 90-day well-timed rate of 0.00%, and his same-ticker history at KEX (1 prior sale on 2024-05-15) also generated positive 90-day returns of +2.0%, indicating his prior sales were followed by stock appreciation rather than declines. The company's fundamentals remain solid with annual revenue growth of +11.0%, a P/E of 24.35, and net income of $90.0M on $831.1M in revenue. The sale's timing near the 52-week high and the insider's limited track record of well-timed selling warrant monitoring of whether subsequent price action or company developments validate this divestiture.