Form 4: Kimball Electronics Director Acquires Phantom Stock
Insider Transaction Report
Kimball Electronics Director Tom George Vadaketh acquired 7,410 phantom stock units as part of the company's non-employee director compensation plan.
Summary
- Director Tom George Vadaketh acquired 7,410 phantom stock units of Kimball Electronics, Inc. (KE).
- The acquisition occurred on November 14, 2025, at a deemed price of $28.34 per unit.
- These units were granted under the Kimball Electronics, Inc. Non-Employee Directors Stock Compensation Deferral Plan.
- Each phantom stock unit is economically equivalent to one share of common stock.
- The units become payable in common stock upon the reporting person's termination, death, or severe financial hardship.
- Following this transaction, Vadaketh beneficially owns a total of 37,115 phantom stock units.
Sentiment
Score: 5
Explanation: This is a neutral, routine filing reporting an insider's acquisition of compensation-related phantom stock units, with no significant positive or negative implications for the company's operations or financial health.
Future Outlook
NA
Industry Context
This filing reports a routine insider transaction related to director compensation, which is a standard practice across various industries for attracting and retaining qualified board members. It does not provide information directly related to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Agent | Director Tom G. Vadaketh granted a Limited Power of Attorney to Kimberly E. Cooper and Douglas A. Hass to prepare and file Section 16 reports on his behalf. | 2022-09-16 | Streamlines compliance with SEC reporting requirements for insider transactions by the director. |
Related Party Transactions
- Director Tom George Vadaketh acquired phantom stock units from Kimball Electronics, Inc. as part of his compensation package.
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a routine compensation grant to a director. It represents a future dilution potential when units convert to common stock.
- Employees: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 2022-09-16 | Limited Power of Attorney executed by Tom G. Vadaketh, appointing Kimberly E. Cooper and Douglas A. Hass to handle Section 16 reporting obligations. |
| 2025-11-14 | Date of acquisition of 7,410 phantom stock units by Director Tom George Vadaketh. |
| 2025-11-18 | Date the Form 4 was signed by Kimberly E. Cooper, Attorney in Fact and Agent. |
Keywords
Kimball Electronics, KE, Phantom Stock, Insider Transaction, Director Compensation, Form 4, Stock Units
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