Form 4: Kewaunee Scientific Corp: VP of Manufacturing Operations Reports Stock Transactions
SEC Form 4 Filing
Douglas J. Batdorff, VP of Manufacturing Operations at Kewaunee Scientific Corp, reports the vesting and disposal of restricted stock units and common stock transactions.
Summary
- On June 30, 2024, Douglas J. Batdorff, VP of Manufacturing Operations at Kewaunee Scientific Corp, reported transactions involving restricted stock units and common stock.
- These transactions included the vesting of 4,195 restricted stock units and the disposal of 10,362 common stock shares.
- Additionally, on July 1, 2024, Batdorff disposed of 1,892 common stock shares at a price of $44.86.
- Following these transactions, Batdorff directly owns 8,470 shares of common stock and holds 6,780 restricted stock units.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency regarding the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company officer.
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 in three equal annual installments beginning on June 30, 2024. |
| 06/30/2024 | Restricted stock units vested and converted to common stock; disposal of common stock. |
| 07/01/2024 | Disposal of common stock at $44.86 per share. |
| 07/02/2024 | Date of signature by Attorney-in-fact. |
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