Scott P. Miller, Vice President and Chief Investment Officer, has demonstrated a clear selling bias in his recent insider transactions involving Kirby Corporation (KEX), the sole company in which he has reported trades. Over 36 filings, his total sell transactions amount to $2.57 million, significantly outweighing his $569,254 in buy activity. The most recent sales include a $477,892 disposition on February 10, 2026, following earlier sales of $386,405 and $133,866 in February 2025, as well as a $637,310 transaction in March 2024. These sales are punctuated by smaller acquisitions, such as the $569,254 purchase on March 26, 2024, which coincided with a sale of equal value—likely an option exercise and immediate sale.
Miller’s trading pattern shows consistent divestment, with five sales recorded in the most recent filings and no buys since early 2024. The transactions often cluster around February, suggesting potential routine dispositions tied to compensation or tax planning. While some filings indicate derivative transactions (coded "M" and "F") with no immediate monetary value, the bulk of his activity reflects outright sales. The absence of recent purchases, combined with the scale of his sales, indicates a net reduction in his KEX holdings over time. His last open-market buy dates back to March 2024, reinforcing a trend toward decreasing exposure to Kirby Corporation stock.
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