Kimball Electronics VP Andrew Regrut Receives Vesting Awards, Withholds Shares

What Happened

• Andrew Donald Regrut, VP of Investor Relations & Strategy and Treasurer of Kimball Electronics (KE), had equity awards vest on August 24, 2026. The filing shows he acquired vested shares (3,623 performance-based shares and 1,878 previously granted restricted shares) and certain derivative restricted-share awards were reported. To satisfy tax obligations, 2,153 shares were withheld/disposed at $22.73 per share, generating approximately $48,927 in tax withholding. Acquisitions are reported at $0 per share (typical for vested awards).

Key Details

• Transaction date: August 24, 2026; Form filed August 26, 2026.
• Acquisitions reported: 3,623 shares (award, $0) + 1,878 shares (conversion of restricted shares, $0).
• Tax withholding / disposition: 2,153 shares withheld at $22.73 = $48,927 (code F: payment of tax liability).
• Additional entries show restricted/derivative share awards of 4,104 shares that vest in future years (1,368 shares each in Aug 2027, Aug 2028, Aug 2029) and other scheduled vesting per footnotes.
• Shares owned after the transaction: not specified in this filing.
• Not an open-market sale — the only shares “disposed” were withheld to cover taxes (routine).
• Footnotes: F1 = performance shares vested per 2023 Equity Incentive Plan; F2 = shares withheld for taxes; F3–F7 = details on timing and conditions of restricted-share vesting and expiration.

Context

• This was essentially a vesting event (awards converting to stock) with a standard tax-withholding surrender of shares — not an insider selling shares on the open market. For derivative entries, the filing reflects conversion/exercise of restricted awards into common shares and the granting/recording of additional restricted-share awards that vest over 2027–2029. No 10% owner issues or trading-plan indications are shown.