Form 4: Key Tronic EVP Orebaugh Reports RSU Vesting & Tax Sale
Insider Transaction Report
Key Tronic Corp's EVP of Engineering, Chad Thomas Orebaugh, reported the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations.
Summary
- Chad Thomas Orebaugh, EVP of Engineering at Key Tronic Corp (KTCC), reported transactions related to his beneficial ownership.
- On September 3, 2025, 3,695 shares of Common Stock were acquired due to the vesting of Restricted Stock Units (RSUs).
- Concurrently, 906 shares of Common Stock were sold in the open market at a price of $2.91 per share to satisfy tax withholding obligations related to the RSU vesting.
- Following these transactions, Mr. Orebaugh directly owns 2,789 shares of Common Stock.
- Additionally, Mr. Orebaugh indirectly owns 8,296 shares of Common Stock through a 401(k) plan, which includes 5,248 shares acquired between April 28, 2017, and September 3, 2025.
- Mr. Orebaugh holds 25,376 Restricted Stock Units (RSUs) after the reported transactions.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax-related sale), which is a neutral event for the company's operational or financial performance.
Positives
- The vesting of 3,695 Restricted Stock Units represents a component of executive compensation, indicating continued alignment of management interests with shareholder value.
- The remaining 25,376 Restricted Stock Units provide a future incentive for the EVP of Engineering, vesting in equal annual installments over the next two years.
Negatives
- A total of 906 shares of Common Stock were sold, reducing the direct beneficial ownership of the EVP of Engineering, although this was for tax withholding purposes.
Future Outlook
The remaining 25,376 Restricted Stock Units held by the EVP of Engineering are scheduled to vest in two additional equal annual installments on September 3, 2026, and September 3, 2027, subject to time-based vesting conditions.
Stakeholder Impact
- Shareholders: Minor impact as this is a routine executive compensation event and the sale of shares is for tax purposes, not a discretionary divestment.
- Employees: No direct impact beyond the reporting person.
Next Steps
- Future vesting of the remaining 25,376 Restricted Stock Units on September 3, 2026, and September 3, 2027.
Key Dates
| Date | Description |
|---|---|
| 04/28/2017 | Start date for acquisition of shares by reporting person under the registrant's 401(k) plan. |
| 09/03/2025 | Date of earliest transaction, including RSU vesting, acquisition of common stock, and sale of common stock for tax withholding. Also the first vesting date for the reported Restricted Stock Units. |
| 09/04/2025 | Signature date of the reporting person for the Form 4 filing. |
| 09/03/2026 | Second vesting date for the Restricted Stock Units. |
| 09/03/2027 | Third and final vesting date for the Restricted Stock Units. |
Keywords
Key Tronic Corp, KTCC, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Chad Thomas Orebaugh
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