KTCC.NASDAQKey Tronic CORP

4/A: Key Tronic Corp Executive Corrects Stock Ownership Reporting in Amended SEC Filing

Sentiment:

SEC Filing Amendment

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Mark R Courtney, Vice President of Supply Chain at Key Tronic Corp, files an amended Form 4 to correct the number of restricted stock units acquired due to a prior administrative error.

Summary

  • Mark R Courtney, Vice President of Supply Chain at Key Tronic Corp, filed an amended Form 4 with the SEC.
  • The amendment corrects an error in the original Form 4 filed on September 5, 2024, regarding the number of securities acquired.
  • The corrected filing reports the acquisition of 5,543 restricted stock units on September 3, 2024.
  • These restricted stock units vest in three equal annual installments starting September 3, 2025.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance procedures. The sentiment is neutral to slightly positive as it reflects transparency.

Industry Context

Executive compensation and stock ownership are standard disclosures for publicly traded companies, providing transparency to investors.

Stakeholder Impact

  • The correction of the filing ensures accurate information for shareholders regarding executive compensation and ownership.

Key Dates

DateDescription
09/03/2024Date of transaction: acquisition of restricted stock units.
09/05/2024Date of original Form 4 filing with incorrect information.
09/18/2024Date of amended Form 4/A filing.
09/03/2025First vesting date for restricted stock units.
09/03/2026Second vesting date for restricted stock units.
09/03/2027Third vesting date for restricted stock units.

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