Ryan S. Noble - 16 Jul 2021 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Role
VP-Sales & Marketing-Americas
Signature
/s/ Donald T. Gardner III, Attorney-in-fact
Issuer symbol
KEQU
Transactions as of
16 Jul 2021
Net transactions value
-$760
Form type
4
Filing time
19 Jul 2021, 15:39:32 UTC
Previous filing
09 Jul 2021
Next filing
23 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEQU Common Stock Options Exercise $0 +197 +8.5% $0.000000 2,518 16 Jul 2021 Direct F1
transaction KEQU Common Stock Tax liability $760 -57 -2.3% $13.34 2,461 16 Jul 2021 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 Options Exercise $0 -197 -100% $0.000000* 0 16 Jul 2021 Common Stock 197 Direct F1, F2, 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 The award of restricted stock units shall 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 July 16, 2019, 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 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.
F3 The performance-based restricted stock units subject to the award expired on July 16, 2021 as a result of the Company's failure to achieve the applicable performance goals over the three-year period.