Form 4: Kimball Electronics Director Colleen Repplier Reports Stock Transactions
SEC Form 4 Filing
Director Colleen Repplier of Kimball Electronics, Inc. reports the acquisition of phantom stock units and the disposal of common stock.
Summary
- Colleen Repplier, a director at Kimball Electronics, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- The report indicates that Ms. Repplier acquired 10,739 phantom stock units on November 15, 2024, under the company's Non-Employee Directors Stock Compensation Deferral Plan.
- These phantom stock units are economically equivalent to one share of common stock and will be payable in common stock upon termination, death, or severe financial hardship.
- Additionally, Ms. Repplier disposed of 11,085 shares of common stock.
- Following these transactions, Ms. Repplier beneficially owns 76,169 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment.
Industry Context
This is a routine filing related to insider trading activity and is common for directors of publicly traded companies.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders, such as directors, to report changes in their ownership of company securities.
- The transactions reported are typical for directors who receive stock-based compensation and may periodically sell shares for personal financial management.
- The use of phantom stock units is a common method for deferred compensation in many companies.
Stakeholder Impact
- The transactions reported in the Form 4 have a minimal impact on shareholders as they are related to a single director's personal holdings.
- The use of phantom stock units as compensation aligns with the company's compensation strategy for non-employee directors.
Key Dates
| Date | Description |
|---|---|
| 2021-11-30 | Date of the Limited Power of Attorney for Section 16 Reporting Obligations. |
| 2024-11-15 | Date of the stock transactions reported in the Form 4. |
| 2024-11-19 | Date the Form 4 was signed by Kimberly E. Cooper, Attorney in Fact and Agent. |
Keywords
Form 4, Kimball Electronics, Colleen Repplier, stock transaction, phantom stock, director, beneficial ownership, securities
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