KIRBY CORPORATION

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

The Company previously announced that Raj Kumar would be joining the Company as Executive Vice President and Chief Financial Officer in November 2021 as successor to William G. Harvey, who had previously announced his intention to retire. Effective November 29, 2021, Mr. Kumar joined the Company as Executive Vice President and Chief Financial Officer, and Mr. Harvey relinquished his title of Chief Financial Officer. Mr. Harvey will remain an Executive Vice President of the Company until his retirement date in early 2022 to ensure a smooth transition.

As previously disclosed, Mr. Kumar would have been eligible to receive additional restricted stock units if he had joined the Company prior to the scheduled vesting on October 28, 2021 of his prior employer's stock grant and forfeited such prior employer shares, but he did not do so. Therefore, no additional restricted stock units will be granted.

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