Korn Steven T. - 29 Aug 2024 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 2024
Net transactions value
-$174,726
Form type
4
Filing time
03 Sep 2024, 14:54:05 UTC
Previous filing
17 Nov 2023
Next filing
09 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 +4,989 +5.6% $0.000000 93,881 29 Aug 2024 Direct
transaction KE Common Stock Award $0 +16,623 +18% $0.000000 110,504 29 Aug 2024 Direct F1
transaction KE Common Stock Tax liability $174,726 -9,404 -8.5% $18.58 101,100 29 Aug 2024 Direct F2
holding KE Common Stock 17,182 29 Aug 2024 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 -4,989 -14% $0.000000 31,638 29 Aug 2024 Common Stock 4,989 $0.000000 Direct F3
transaction KE Restricted Shares Award $0 +20,319 +64% $0.000000 51,957 29 Aug 2024 Common Stock 20,319 $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 2023 Equity 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, 2024.
F2 Shares withheld to satisfy tax obligations.
F3 Represents Restricted Shares granted in prior years that vest on 8/29/2024 (4,989 shares).
F4 Represents Restricted Shares granted on 8/29/2024 that vest August 2025 (6,773 shares), August 2026 (6,773 shares), and August 2027 (6,773 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 2025 (11,762 shares), August 2026 (17,851 shares), August 2027 (14,558 shares), and August 2028 (7,786 shares).