Form 4: Kewaunee Scientific Corp: VP Human Resources Reports Stock Transactions
SEC Form 4
Elizabeth D Phillips, VP of Human Resources at Kewaunee Scientific Corp, reports the vesting and subsequent disposal of restricted stock units, along with other stock transactions.
Summary
- On June 30, 2024, Elizabeth D Phillips, VP of Human Resources at Kewaunee Scientific Corp, reported transactions involving the company's stock.
- These transactions included the vesting of 3,736 restricted stock units (RSUs) and the disposal of these shares.
- The vesting of RSUs was related to awards granted in FY22 (1,504 units), FY23 (1,756 units), and FY24 (476 units).
- On July 1, 2024, Phillips disposed of 1,704 shares of common stock at a price of $44.86.
- Following these transactions, Phillips directly owns 12,295 shares of Kewaunee Scientific Corp.
- The reporting person also holds 1,756 FY23 restricted stock units and 4,281 FY24 restricted stock units.
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 a common occurrence in publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/23/2021 | Reporting person was granted restricted stock units that vest in three equal annual installments beginning on June 30, 2022. |
| 06/29/2022 | Reporting person was granted restricted stock units that vest in three equal annual installments beginning on June 30, 2023. |
| 06/28/2023 | Reporting person was granted restricted stock units that vest with 30% vesting on June 30, 2024, and 70% based on performance goals over three years. |
| 06/30/2024 | Vesting of restricted stock units and disposal of shares. |
| 07/01/2024 | Disposal of 1,704 shares of common stock at $44.86. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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