Lisa L. Ryan - Jun 28, 2021 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Role
VP-Construction/Cust. Servs.
Signature
/s/ Donald T. Gardner III, Attorney-in-fact
Stock symbol
KEQU
Transactions as of
Jun 28, 2021
Transactions value $
-$691
Form type
4
Date filed
6/29/2021, 02:44 PM
Previous filing
Jun 24, 2021
Next filing
Jul 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEQU Common Stock Options Exercise $0 +160 +12.45% $0.00 1.45K Jun 28, 2021 Direct F1
transaction KEQU Common Stock Tax liability -$691 -47 -3.25% $14.70 1.4K Jun 28, 2021 Direct

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 KEQU Restricted Stock Units Options Exercise $0 -160 -100% $0.00* 0 Jun 28, 2021 Common Stock 160 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert to common stock on a one-for-one basis.
F2 On June 27, 2018 and on August 29, 2018, the reporting person was granted restricted stock units that vest as follows: (a) 30% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 27, 2019, subject to the reporting person's continued employment with the Company, and (b) 70% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that will vest only if performance goals are achieved over a three-year period. The actual number of units (if any) received under this award will depend on continued employment and actual performance over the three-year performance period.
F3 The performance-based restricted stock units subject to the award expired on June 28, 2021 as a result of the Company's failure to achieve the applicable performance goals over the three-year period.