Ryan S. Noble - 21 Jun 2022 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Signature
/s/ Donald T. Gardner III, Attorney-in-fact
Issuer symbol
KEQU
Transactions as of
21 Jun 2022
Transactions value $
-$8,968
Form type
4
Filing time
23 Jun 2022, 12:15:43 UTC
Previous filing
19 Jul 2021
Next filing
27 Jun 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEQU Common Stock Options Exercise $0 +2,243 +91.14% $0 4,704 21 Jun 2022 Direct F1
transaction KEQU Common Stock Tax liability -$8,967 -641 -13.63% $13.99 4,063 21 Jun 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 Options Exercise $0 -2,243 -100% $0* 0 21 Jun 2022 Common Stock 2,243 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 On June 19, 2019, 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 June 19, 2020, 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 depend on continued employment and actual performance over the three-year performance period.
F3 The performance-based restricted stock units subject to the award partially expired on June 19, 2022 as a result of the Company's failure to fully achieve the applicable performance goals over the three-year period.