Form 4: Kimball Electronics Director Robert J. Phillippy Reports Stock Transactions

Director Robert J. Phillippy of Kimball Electronics, Inc. acquired 6,548 shares of common stock and holds 42,924 phantom stock units.

Summary

• Robert J. Phillippy, a director at Kimball Electronics, Inc., reported a transaction on November 15, 2024.
• He acquired 6,548 shares of common stock at a price of $19.09 per share.
• Following this transaction, Mr. Phillippy directly owns 11,501 shares of common stock.
• He also holds 42,924 phantom stock units, which are economically equivalent to shares of common stock.
• These phantom stock units were acquired under the company's Non-Employee Directors Stock Compensation Deferral Plan.
• The phantom stock units become payable in common stock upon termination, death, or severe financial hardship.

Sentiment

Score: 6

Explanation: The document is a routine filing of a stock transaction by a director. It is neither particularly positive nor negative, but indicates normal business activity.

Positives

• The acquisition of shares by a director could be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The reporting of stock acquisitions and phantom stock units is consistent with typical compensation practices for directors in similar companies.
• Comparable companies would also have similar filings when directors or officers trade company stock.

Stakeholder Impact

• The stock acquisition by a director may have a minor positive impact on shareholder confidence.

Key Dates

Keywords

Kimball Electronics, Robert J. Phillippy, stock acquisition, phantom stock units, director, insider trading, equity incentive plan, non-employee directors stock compensation deferral plan