Key Tronic (KTCC) Director Craig Gates Converts 14,388 RSUs

What Happened

• Craig D. Gates, a director of Key Tronic Corp. (KTCC), reported the conversion of 14,388 restricted stock units (RSUs) into 14,388 shares of common stock on August 27, 2026. The Form 4 shows the derivative conversion (code M) with an exercise/conversion price recorded as $0.00, resulting in no cash paid for the shares. Footnotes indicate each RSU equals one share and that the RSUs vested on August 21, 2026.

Key Details

• Transaction date: 2026-08-27 (reported on Form 4 filed 2026-08-31).
• Transaction type/code: Conversion of derivative security (M) — 14,388 shares acquired; exercise/conversion price shown as $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — RSUs vested on Aug 21, 2026.
• Timeliness: Filing dated Aug 31, 2026 (four days after the transaction); Form 4s are typically required within two business days, so this filing appears later than the usual deadline.

Context

• This was a conversion of vested RSUs into shares (a compensation/vesting event), not an open-market purchase or sale. Such conversions are generally routine compensation-related events and do not by themselves indicate a buy or sell market signal. The shares were issued on conversion rather than acquired in a paid exercise.