Form 4: Kimball Electronics CAO Reports Future Stock Transactions
Insider Transaction Report
Kimball Electronics' Chief Accounting Officer, Adam M. Baumann, filed a Form 4 detailing future stock acquisitions and dispositions related to equity awards vesting on August 27, 2025.
Summary
- Adam M. Baumann, Chief Accounting Officer of Kimball Electronics, Inc. (KE), reported transactions scheduled for August 27, 2025.
- Acquired 1,561 shares of common stock from the vesting of previously granted restricted shares.
- Acquired an additional 2,592 performance-based shares under the 2023 Equity Incentive Plan, which vested upon achievement of certified performance criteria.
- Disposed of 1,767 shares of common stock at $27.97 per share to satisfy tax obligations related to the vesting.
- Following these transactions, Baumann will directly own 7,527 shares of common stock and indirectly own 1,407 shares in a retirement fund.
- Holds 5,787 cumulative restricted shares, with vesting scheduled for August 2026 (2,438 shares), August 2027 (2,098 shares), and August 2028 (1,251 shares).
Sentiment
Score: 7
Explanation: The filing indicates the vesting of both restricted and performance-based shares for a key executive, suggesting the achievement of company performance criteria and successful retention of talent. The disposition of shares for tax obligations is a routine event associated with equity compensation.
Positives
- Vesting of 2,592 performance-based shares indicates the achievement of specific performance criteria certified by the Talent, Culture, and Compensation Committee.
- Vesting of 1,561 restricted shares represents a successful maturation of prior equity awards, aligning executive interests with shareholder value.
Negatives
- NA
Risks
- Restricted shares expire if the reporting person ceases employment for any reason other than death, disability, or retirement.
Future Outlook
Future vesting of restricted shares is scheduled for August 2026 (2,438 shares), August 2027 (2,098 shares), and August 2028 (1,251 shares), indicating continued long-term equity incentives for the Chief Accounting Officer.
Management Comments
- NA
Industry Context
This filing is a standard insider transaction report, reflecting an executive's equity compensation and vesting schedule, which is common practice across publicly traded companies to align executive interests with shareholder value. It does not provide broader industry trends.
Comparison to Industry Standards
- NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Adam M. Baumann granted a Limited Power of Attorney to Kimberly E. Cooper and Douglas A. Hass for Section 16 reporting obligations. | 2021-11-30 | Streamlines the process for filing Forms 3, 4, and 5 on behalf of the reporting person, ensuring timely compliance with SEC regulations. |
Stakeholder Impact
- Shareholders: The vesting of performance-based shares for an executive aligns management's interests with shareholder value creation.
- Employees: Reflects the company's ongoing equity compensation programs for key personnel.
Next Steps
- Vesting of 2,438 restricted shares in August 2026.
- Vesting of 2,098 restricted shares in August 2027.
- Vesting of 1,251 restricted shares in August 2028.
Key Dates
| Date | Description |
|---|---|
| 2021-11-30 | Limited Power of Attorney executed by Adam M. Baumann for Section 16 reporting obligations. |
| 2025-08-27 | Date of earliest transaction, including vesting of restricted shares and performance-based shares, and disposition for tax obligations. |
| 2025-08-29 | Signature date of the Form 4 filing. |
| 2026-08 | Scheduled vesting of 2,438 cumulative restricted shares. |
| 2027-08 | Scheduled vesting of 2,098 cumulative restricted shares. |
| 2028-08 | Scheduled vesting of 1,251 cumulative restricted shares. |
Keywords
Kimball Electronics, KE, Form 4, Insider Trading, Stock Vesting, Equity Incentive Plan, Restricted Stock Units, Chief Accounting Officer, Adam M. Baumann
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