Douglas J. Batdorff - Jun 30, 2024 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Role
VP of Manufacturing Operations
Signature
/s/ Donald T. Gardner III, Attorney-in-fact
Stock symbol
KEQU
Transactions as of
Jun 30, 2024
Transactions value $
-$84,875
Form type
4
Date filed
7/2/2024, 04:50 PM
Previous filing
Jun 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEQU Common Stock Options Exercise $0 +4.2K +68.02% $0.00 10.4K Jun 30, 2024 Direct F1
transaction KEQU Common Stock Tax liability -$84.9K -1.89K -18.26% $44.86 8.47K Jul 1, 2024 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 FY22 Options Exercise $0 -1.69K -100% $0.00* 0 Jun 30, 2024 Common Stock 1.69K Direct F1, F2
transaction KEQU Restricted Stock Units FY23 Options Exercise $0 -1.97K -50% $0.00 1.97K Jun 30, 2024 Common Stock 1.97K Direct F1, F3
transaction KEQU Restricted Stock Units FY24 Options Exercise $0 -534 -10% $0.00 4.81K Jun 30, 2024 Common Stock 534 Direct F1, F4
* 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 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.
F3 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.
F4 On June 28, 2023, 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 30, 2024, 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 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.