Mandar Ranade - Jun 30, 2023 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Role
VP-Information Technology
Signature
/s/ Donald T. Gardner, III, Attorney-in-fact
Stock symbol
KEQU
Transactions as of
Jun 30, 2023
Transactions value $
-$15,995
Form type
4
Date filed
7/3/2023, 03:01 PM
Previous filing
Jun 29, 2023
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEQU Common Stock Options Exercise $0 +3.55K +36.87% $0.00 13.2K Jun 30, 2023 Direct F1
transaction KEQU Common Stock Tax liability -$16K -1.01K -7.63% $15.90 12.2K Jun 30, 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 FY23 Options Exercise $0 -1.91K -33.34% $0.00 3.83K Jun 30, 2023 Common Stock 1.91K Direct F1, F2
transaction KEQU Restricted Stock Units FY22 Options Exercise $0 -1.64K -50% $0.00 1.64K Jun 30, 2023 Common Stock 1.64K Direct F1, 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 29, 2022, 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, 2023, subject to the reporting person's continued employment with the Company.
F3 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.