Tom G. Vadaketh - Mar 17, 2023 Form 4 Insider Report for Kimball Electronics, Inc. (KE)

Role
Director
Signature
Kimberly E. Cooper, Attorney in Fact and Agent
Stock symbol
KE
Transactions as of
Mar 17, 2023
Transactions value $
$2,493
Form type
4
Date filed
3/21/2023, 11:46 AM
Previous filing
Mar 6, 2023
Next filing
Sep 6, 2023

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 KE Phantom Stock units Award $2.49K +107 +1.04% $23.30 10.4K Mar 17, 2023 Common Stock 107 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Phantom Stock unit is the economic equivalent of one share of common stock. Such units of Phantom Stock were acquired under the Kimball Electronics, Inc. Non-Employee Directors Stock Compensation Deferral Plan. The units of Phantom Stock become payable in common stock at the date the reporting person incurs a termination, or, if earlier, the date the reporting person dies or suffers a severe financial hardship.
F2 Reflects retroactive compensation for service on the Company's Audit Committee approved by the Company's Board of Directors and Talent, Culture, and Compensation Committee. Mr. Vadaketh's compensation was made retroactively effective as of November 18, 2022.