Steven T. Korn - Aug 29, 2024 Form 4 Insider Report for Kimball Electronics, Inc. (KE)

Role
Chief Operating Officer
Signature
Kimberly E. Cooper, Attorney in Fact and Agent
Stock symbol
KE
Transactions as of
Aug 29, 2024
Transactions value $
-$174,726
Form type
4
Date filed
9/3/2024, 02:54 PM
Previous filing
Nov 17, 2023
Next filing
Sep 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KE Common Stock Options Exercise $0 +4.99K +5.61% $0.00 93.9K Aug 29, 2024 Direct
transaction KE Common Stock Award $0 +16.6K +17.71% $0.00 111K Aug 29, 2024 Direct F1
transaction KE Common Stock Tax liability -$175K -9.4K -8.51% $18.58 101K Aug 29, 2024 Direct F2
holding KE Common Stock 17.2K Aug 29, 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 -4.99K -13.62% $0.00 31.6K Aug 29, 2024 Common Stock 4.99K $0.00 Direct F3
transaction KE Restricted Shares Award $0 +20.3K +64.22% $0.00 52K Aug 29, 2024 Common Stock 20.3K $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 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).