Mandar Ranade - Jun 23, 2023 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Signature
/s/ Donald T. Gardner, III, Attorney-in-fact
Stock symbol
KEQU
Transactions as of
Jun 23, 2023
Transactions value $
-$27,604
Form type
4
Date filed
6/27/2023, 12:35 PM
Previous filing
Jul 1, 2022
Next filing
Jun 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEQU Common Stock Options Exercise $0 +5.92K +109.91% $0.00 11.3K Jun 23, 2023 Direct F1, F2
transaction KEQU Common Stock Tax liability -$27.6K -1.68K -14.82% $16.47 9.63K Jun 23, 2023 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 -4.92K -100% $0.00* 0 Jun 23, 2023 Common Stock 4.92K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount includes 1,005 additional shares that were received upon settlement of the performance-based Restricted Stock Units, originally granted on June 23, 2020, as a result of the performance component of the grant vesting at 125% on June 23, 2023.
F2 Restricted stock units convert to common stock on a one-for-one basis.
F3 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.