Form 4: Key Tronic Corp Director Yacov A. Shamash Acquires Restricted Stock Units
SEC Form 4 Filing
Director Yacov A. Shamash of Key Tronic Corp acquired 8,869 restricted stock units on September 3, 2024, which vest on September 3, 2025.
Summary
- On September 3, 2024, Yacov A. Shamash, a director of Key Tronic Corp, acquired 8,869 restricted stock units.
- These restricted stock units represent a contingent right to receive one share of common stock each.
- The restricted stock units are subject to time-based vesting conditions and will vest on September 3, 2025.
- Following the transaction, Mr. Shamash directly owns 8,869 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting a standard grant of restricted stock units to a company director. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This is a standard SEC Form 4 filing, reflecting a change in beneficial ownership by a company insider. It's a routine part of corporate governance and transparency.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns their interests with those of the shareholders, potentially incentivizing them to work towards the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of transaction: Yacov A. Shamash acquired 8,869 restricted stock units. |
| 09/03/2025 | Vesting date for the 8,869 restricted stock units. |
| 09/04/2024 | Date of Form 4 filing. |
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