Key Tronic (KTCC) CEO Brett Larsen Converts RSUs, Sells 2,957 Shares

What Happened
Brett R. Larsen, CEO of Key Tronic Corp (KTCC), had 11,990 restricted stock units convert/vest (reported as a derivative exercise/conversion) on Aug 27, 2026 and received 11,990 shares. On the same day he sold 2,957 shares in the open market at $3.73 each, generating $11,030 in proceeds. The sale was disclosed as to satisfy tax withholding obligations tied to the vesting of the restricted stock units; the conversion shows a $0.00 exercise price (no cash paid to acquire the vested shares).

Key Details

• Transaction date: Aug 27, 2026; Form 4 filed Aug 31, 2026 (timely).
• Acquired: 11,990 shares via conversion/vesting of restricted stock units (derivative code M). Exercise/conversion reported at $0.00.
• Sold: 2,957 shares at $3.73 each; total proceeds $11,030. Sale footnote indicates it was to satisfy tax withholding (F2, tax withholding code F).
• Net change from these transactions: +9,033 shares (11,990 acquired − 2,957 sold).
• Filing notes include 1,819 shares acquired under the registrant’s 401(k) between Sep 3, 2025 and Aug 27, 2026 (F3).
• RSU detail: Each restricted stock unit represents a contingent right to one share (F1). The RSUs vest in three equal annual installments (Aug 21, 2026; 2027; 2028) subject to time-based vesting (F4).
• The Form does not list a total post-transaction beneficial ownership figure in the summary provided here.

Context

• The derivative code and $0.00 exercise price indicate this was a conversion/vesting of RSUs, not a cash exercise of stock options.
• The partial sale appears routine and is explicitly for tax withholding, not necessarily a directional bet on the stock. Retail investors typically view purchases as stronger signals than sell-to-cover transactions tied to compensation vesting.