Form 4: Kewaunee Scientific Corp CFO Donald T. Gardner III Reports Stock Transactions
SEC Form 4 Filing
Donald T. Gardner III, CFO of Kewaunee Scientific Corp, reports the vesting and disposal of restricted stock units and common stock.
Summary
- On June 30, 2024, Donald T. Gardner III, the CFO of Kewaunee Scientific Corp, reported transactions involving restricted stock units and common stock.
- A total of 7,091 shares of common stock were acquired through the vesting of restricted stock units.
- These shares were acquired at a price of $0.
- On July 1, 2024, 3,127 shares of common stock were disposed of at a price of $44.86.
- Following these transactions, Gardner directly owns 24,664 shares of common stock and 17,688 restricted stock units.
- The restricted stock units are from FY23 and FY24 grants.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating neutral sentiment as it simply reports transactions.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 06/23/2021 | Reporting person was granted restricted stock units (FY22) that vest in three equal annual installments beginning on June 30, 2022. |
| 06/29/2022 | Reporting person was granted restricted stock units (FY23) that vest in three equal annual installments beginning on June 30, 2023. |
| 06/28/2023 | Reporting person was granted restricted stock units (FY24) that vest with 30% vesting in three equal annual installments beginning on June 30, 2024 and 70% vesting based on performance goals over a three-year period. |
| 06/30/2024 | Vesting of restricted stock units and acquisition of 7,091 shares of common stock. |
| 07/01/2024 | Disposal of 3,127 shares of common stock at $44.86 per share. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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