Donald T. Gardner III - Jun 23, 2022 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Signature
/s/ Donald T. Gardner III
Stock symbol
KEQU
Transactions as of
Jun 23, 2022
Transactions value $
-$5,597
Form type
4
Date filed
6/27/2022, 02:35 PM
Previous filing
Jun 23, 2022
Next filing
Jul 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEQU Common Stock Options Exercise $0 +1.42K +15.5% $0.00 10.6K Jun 23, 2022 Direct F1
transaction KEQU Common Stock Tax liability -$5.6K -405 -3.83% $13.82 10.2K Jun 23, 2022 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 FY21 Options Exercise $0 -1.42K -15.39% $0.00 7.8K Jun 23, 2022 Common Stock 1.42K Direct F1, F2
* 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, 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 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.