Form 4: Key Tronic Corp Executive Acquires Shares Through 401(k) Plan

David H. Knaggs, EVP of Quality and IS at Key Tronic Corp, reports acquisition of company stock through a 401(k) plan.

Summary

• On May 14, 2025, David H. Knaggs, EVP of Quality and IS at Key Tronic Corp, filed a Form 4.
• The form reports changes in beneficial ownership of Key Tronic Corp stock.
• Knaggs acquired 2,200 shares of common stock at a price of $2.35 per share.
• These shares were acquired indirectly through a 401(k) plan.
• Following the transaction, Knaggs beneficially owns 8,181 shares.
• This total includes 1,603 shares acquired through the 401(k) plan between March 18, 2020, and May 13, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction by an executive, indicating neither strong positive nor negative implications for the company's performance.

Positives

• The executive's participation in the 401(k) plan and subsequent stock acquisition could be interpreted as a sign of confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's ongoing investment in the company through a standard employee benefit.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding executive stock ownership.

Key Dates

Keywords

Form 4, Beneficial Ownership, Key Tronic Corp, KTCC, David H. Knaggs, 401(k) Plan, Stock Acquisition