Katherine S. Sigler - Mar 31, 2022 Form 4 Insider Report for KIMBALL INTERNATIONAL INC (KBAL)

Role
EVP;PRESIDENT HOSPITALITY
Signature
James Krodel, Attorney-in-Fact and Agent
Stock symbol
KBAL
Transactions as of
Mar 31, 2022
Transactions value $
-$37,827
Form type
4
Date filed
4/4/2022, 03:13 PM
Previous filing
Jul 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KBAL CLASS B COMMON STOCK Options Exercise $0 +12.6K +35.72% $0.00 47.9K Mar 31, 2022 Direct
transaction KBAL CLASS B COMMON STOCK Award $0 +1.14K +2.37% $0.00 49K Mar 31, 2022 Direct F1
transaction KBAL CLASS B COMMON STOCK Tax liability -$37.8K -4.42K -9.01% $8.56 44.6K Mar 31, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KBAL RESTRICTED STOCK UNITS Options Exercise $0 -12.6K -100% $0.00* 0 Mar 31, 2022 CLASS B COMMON STOCK 12.6K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Katherine S. Sigler is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of Class B Common Stock acquired pursuant to the Restricted Stock Unit Award Agreement between the reporting person and Kimball International Inc. (the "Company"), determined by dividing the accumulated phantom cash dividends credited to the restricted stock units by the closing sales price of one share of Class B Common Stock on the vest date.
F2 Represents shares withheld by the Company to satisfy tax withholding obligations on the vesting of the restricted stock units.
F3 The Restricted Stock Units convert on a one-for-one basis into shares of Class B Common Stock.
F4 On 7/9/19, RSUs for 7,053 shares were granted by the Company to the reporting person (the "2019 RSUs"), on 7/31/20, RSUs for 7,302 shares were granted by the Company to the reporting person (the "2020 RSUs") and on 7/12/2021, RSUs for 7,540 shares were granted by the Company to the reporting person (the "2021 RSUs"). On 3/31/2022, the effective date of the reporting person's retirement from the Company, in accordance with the terms of the Executive Employment Agreement dated 5/7/18 between the Company and the reporting person (the "Agreement"), the 2019 RSUs, 2020 RSUs and the 2021 RSUs vested on a pro-rata basis, resulting in the vesting of 6,465 of the 2019 RSUs, 4,259 of the 2020 RSUs and 1,885 of the 2021 RSUs and the forfeiture of 588 of the 2019 RSUs, 3,043 of the 2020 RSUs and 5,655 of the 2021 RSUs.