Kimball Electronics (KE) CAO Adam Baumann Receives Vesting Awards

What Happened

• Adam M. Baumann, Chief Accounting Officer of Kimball Electronics (KE), had restricted and performance-based shares vest on August 24, 2026. The filing shows 2,438 restricted shares vested (prior grants) and 1,202 performance-based shares vested (per the issuer’s 2023 Equity Incentive Plan). To satisfy tax obligations, 1,533 shares were withheld at $22.73 per share, producing proceeds of $34,837. The filing also records conversion/exercise-type (derivative) entries related to these awards.
• Overall, this was primarily an acquisition (vesting) of shares rather than an open-market sale; the only disposition was the routine withholding of shares for taxes.

Key Details

• Transaction date: August 24, 2026 (Form 4 filed August 26, 2026 — timely within the 2-business-day window).
• Tax withholding: 1,533 shares withheld at $22.73 → $34,837 (coded F = payment of exercise price or tax liability).
• Vested shares: 2,438 restricted shares (prior grants, footnote F3) and 1,202 performance shares that vested upon committee certification (footnote F1).
• Derivative/Exercise entries: filing includes M-coded exercise/conversion entries for 2,438 shares and additional A-coded award/derivative entries; footnotes indicate these are restricted/performance share vestings and scheduled vesting amounts for future years (see F4, F7).
• Shares owned after the transaction: Not specified in the summary provided in this request.
• Notable footnotes: F1 (performance shares vested upon committee certification); F2 (shares withheld to satisfy tax obligations); F4/F5/F7 (remaining restricted shares and vesting/expiration conditions).

Context

• This is a routine vesting/award event: the reporting person received shares due to vesting criteria being met, and a portion was withheld to cover taxes. That withholding is not an open-market sale and is common for compensatory awards.
• Transaction codes: A = Award/Grant, M = Exercise/Conversion of derivative (e.g., conversion of awards to shares), F = Payment of exercise price or tax withholding.
• No indication in the filing of a 10% owner transaction or a 10b5-1 trading plan; the activity appears to be standard executive compensation vesting rather than a directional buy/sell signal.