Douglas Hass - 29 Aug 2023 Form 4 Insider Report for Kimball Electronics, Inc. (KE)

Role
CL&CO, Secretary
Signature
Kimberly E. Cooper, Attorney in Fact and Agent
Issuer symbol
KE
Transactions as of
29 Aug 2023
Net transactions value
-$87,789
Form type
4
Filing time
31 Aug 2023, 16:01:22 UTC
Previous filing
23 Aug 2022
Next filing
03 Sep 2024
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 +1,410 +49% $0.000000 4,311 29 Aug 2023 Direct
transaction KE Common Stock Award $0 +5,502 +128% $0.000000 9,813 29 Aug 2023 Direct F1
transaction KE Common Stock Tax liability $87,789 -3,007 -31% $29.20 6,806 29 Aug 2023 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 KE Restricted Shares Options Exercise $0 -1,410 -33% $0.000000 2,821 29 Aug 2023 Common Stock 1,410 $0.000000 Direct F3
transaction KE Restricted Shares Award $0 +4,125 +146% $0.000000 6,946 29 Aug 2023 Common Stock 4,125 $0.000000 Direct F4, F5, F6, F7
* 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 Represents Restricted Shares granted in prior years that vested on 8/29/2023 (1,410 shares).
F4 Represents Restricted Shares granted on 8/29/2023 that vest August 2024 (1,375 shares), August 2025 (1,375 shares), and August 2026 (1,375 shares).
F5 The Restricted Shares expire if the reporting person ceases employment for any reason other than death, disability, or retirement.
F6 Not Applicable.
F7 Represents cumulative Restricted Shares that vest August 2024, (2,785 shares), August 2025 (2,786 shares), and August 2026 (1,375 shares).