Form 4: Kewaunee Scientific Corp CEO Thomas David Hull III Reports Stock Transactions
SEC Form 4
CEO Thomas David Hull III reports the acquisition and disposal of Kewaunee Scientific Corp common stock and restricted stock units on June 30 and July 1, 2024.
Summary
- On June 30, 2024, Thomas David Hull III, the CEO of Kewaunee Scientific Corp, acquired 14,587 shares of common stock through the conversion of restricted stock units.
- The same day, he converted 5,097 FY22 restricted stock units, 5,357 FY23 restricted stock units, and 4,133 FY24 restricted stock units into common stock.
- On July 1, 2024, he disposed of 6,413 shares of common stock at a price of $44.86 per share.
- Following these transactions, Hull directly owns 42,374 shares of Kewaunee Scientific Corp common stock and 37,194 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the CEO's trading activity.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect a broader industry trend but offers insight into the individual executive's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the CEO's stock transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| June 23, 2021 | Reporting person was granted restricted stock units (FY22) that vest in three equal annual installments beginning on June 30, 2022. |
| June 29, 2022 | Reporting person was granted restricted stock units (FY23) that vest in three equal annual installments beginning on June 30, 2023. |
| June 28, 2023 | Reporting person was granted restricted stock units (FY24) that vest with service-based and performance-based conditions. |
| June 30, 2022 | First vesting date for FY22 restricted stock units. |
| June 30, 2023 | First vesting date for FY23 restricted stock units. |
| June 30, 2024 | CEO acquired 14,587 shares of common stock through conversion of restricted stock units. |
| July 1, 2024 | CEO disposed of 6,413 shares of common stock at $44.86 per share. |
| July 2, 2024 | Date of signature for the Form 4 filing. |
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