Form 4: Kimball Electronics CEO Richard Phillips Reports Stock Transactions
SEC Form 4 Filing
Richard D. Phillips, CEO and Director of Kimball Electronics, reports the vesting of restricted shares and a transaction to cover tax obligations.
Summary
- On January 4, 2025, Richard D. Phillips, CEO and Director of Kimball Electronics, engaged in transactions involving the company's common stock.
- 7,672 restricted shares vested at a price of $0.
- 3,656 shares were disposed of at $18.45 to satisfy tax obligations.
- Following these transactions, Phillips directly owns 11,827 shares of common stock and 74,348 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
- The transactions have no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| February 3, 2023 | Date of Limited Power of Attorney execution. |
| January 4, 2025 | Date of stock transactions: vesting of restricted shares and shares withheld for tax obligations. |
| January 6, 2025 | Date of signature on the report by Kimberly E. Cooper, Attorney in Fact and Agent. |
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