Korn Steven T. - 29 Aug 2023 Form 4 Insider Report for Kimball Electronics, Inc. (KE)

Role
Chief Operating Officer
Signature
Kimberly E. Cooper, Attorney in Fact and Agent
Issuer symbol
KE
Transactions as of
29 Aug 2023
Net transactions value
-$272,243
Form type
4
Filing time
31 Aug 2023, 15:54:37 UTC
Previous filing
17 Nov 2022
Next filing
17 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KE Common Stock Options Exercise $0 +1,696 +2.1% $0.000000 82,555 29 Aug 2023 Direct
transaction KE Common Stock Award $0 +19,662 +24% $0.000000 102,217 29 Aug 2023 Direct F1
transaction KE Common Stock Tax liability $272,243 -9,325 -9.1% $29.20 92,892 29 Aug 2023 Direct F2
transaction KE Common Stock Gift $0 -3,000 -3.2% $0.000000 89,892 31 Aug 2023 Direct F3
transaction KE Common Stock Gift $0 -1,000 -1.1% $0.000000 88,892 31 Aug 2023 Direct F4
holding KE Common Stock 17,136 29 Aug 2023 Retirement Fund

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 Restricted Shares Options Exercise $0 -1,696 -33% $0.000000 3,392 29 Aug 2023 Common Stock 1,696 $0.000000 Direct F5
transaction KE Restricted Shares Award $0 +9,879 +291% $0.000000 13,271 29 Aug 2023 Common Stock 9,879 $0.000000 Direct F6, F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects performance based shares granted pursuant to the Issuer's 2014 Stock Option and Incentive Plan upon the achievement of certain performance criteria certified by the Talent, Culture, and Compensation Committee of the Board of Directors of the Issuer on August 29, 2023.
F2 Shares withheld to satisfy tax obligations.
F3 Gifted shares to charitable organization.
F4 Gifted shares to charitable education organization.
F5 Represents Restricted Shares granted in prior years that vested on 8/29/2023 (1,696 shares).
F6 Represents Restricted Shares granted on 8/29/2023 that vest August 2024 (3,293 shares), August 2025 (3,293 shares), and August 2026 (3,293 shares).
F7 The Restricted Shares expire if the reporting person ceases employment for any reason other than death, disability, or retirement.
F8 Not Applicable.
F9 Represents cumulative Restricted Shares that vest August 2024 (4,989 shares), August 2025 (4,989 shares), and August 2026 (3,293 shares).