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

Role
CFO
Signature
Kimberly E. Cooper, Attorney in Fact and Agent
Stock symbol
KE
Transactions as of
Aug 29, 2023
Transactions value $
-$123,874
Form type
4
Date filed
8/31/2023, 04:20 PM
Previous filing
Jul 6, 2023
Next filing
Oct 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KE Common Stock Options Exercise $0 +1.6K +69.62% $0.00 3.89K Aug 29, 2023 Direct
transaction KE Common Stock Award $0 +7.58K +194.71% $0.00 11.5K Aug 29, 2023 Direct F1
transaction KE Common Stock Tax liability -$124K -4.24K -37% $29.20 7.22K Aug 29, 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 -1.6K -33.34% $0.00 3.19K Aug 29, 2023 Common Stock 1.6K $0.00 Direct F3
transaction KE Restricted Shares Award $0 +9.36K +293.11% $0.00 12.6K Aug 29, 2023 Common Stock 9.36K $0.00 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 (1,597 shares).
F4 Represents Restricted Shares granted on 8/29/2023 that vest August 2024 (3,120 shares), August 2025 (3,120 shares), and August 2026 (3,119 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 (4,717 shares), August 2025 (4,716 shares), and August 2026 (3,119 shares).