Douglas J. Batdorff - 30 Jun 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
Issuer symbol
KEQU
Transactions as of
30 Jun 2024
Net transactions value
-$84,875
Form type
4
Filing time
02 Jul 2024, 16:50:18 UTC
Previous filing
27 Jun 2024
Next filing
02 Jan 2025
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 +4,195 +68% $0.000000 10,362 30 Jun 2024 Direct F1
transaction KEQU Common Stock Tax liability $84,875 -1,892 -18% $44.86 8,470 01 Jul 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 -1,689 -100% $0.000000* 0 30 Jun 2024 Common Stock 1,689 Direct F1, F2
transaction KEQU Restricted Stock Units FY23 Options Exercise $0 -1,972 -50% $0.000000 1,972 30 Jun 2024 Common Stock 1,972 Direct F1, F3
transaction KEQU Restricted Stock Units FY24 Options Exercise $0 -534 -10% $0.000000 4,808 30 Jun 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.