Donald T. Gardner III - Jun 23, 2021 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Role: Chief Financial Officer
Signature: /s/ Donald T. Gardner III
Stock symbol: KEQU
Transactions as of: Jun 23, 2021
Transactions value $: -$13,534
Form type: 4
Date filed: 6/24/2021, 03:17 PM
Previous filing: Jun 22, 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	+1.42K	+42.16%	$0.00	4.78K	Jun 23, 2021	Direct	F1
transaction	KEQU	Common Stock	Award	$0	+2K	+41.83%	$0.00	6.78K	Jun 23, 2021	Direct	F2
transaction	KEQU	Common Stock	Tax liability	-$13.5K	-985	-14.53%	$13.74	5.8K	Jun 23, 2021	Direct	F3

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 FY21	Options Exercise	$0	-1.42K	-13.33%	$0.00	9.22K	Jun 23, 2021	Common Stock	1.42K		Direct	F1, F4
transaction	KEQU	Restricted Stock Units FY22	Award	$0	+7.28K		$0.00	7.28K	Jun 23, 2021	Common Stock	7.28K		Direct	F1, F5

* 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 23, 2021, the reporting person was granted 2,000 shares of common stock.
F3	This transaction represents shares withheld by the issuer to pay the tax withholding amount required upon (a) the vesting of restricted stock units and (b) the grant of shares of common stock, in each case as reported on this Form 4.
F4	On June 23, 2020, the reporting person was granted restricted stock units that vest as follows: (a) 40% 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 23, 2021, subject to the reporting person's continued employment with the Company, and (b) 60% 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.
F5	On June 23, 2021, the reporting person was granted restricted stock units that vest as follows: (a) 100% 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 30, 2022, subject to the reporting person's continued employment with the Company.