Kimball Electronics (KE) CFO Jana Croom Exercises Awards, Shares Withheld

What Happened
Jana T. Croom, Chief Financial Officer of Kimball Electronics, had equity awards vest and converted derivative awards into common shares on August 24, 2026. The filing shows vesting/conversion transactions that resulted in 16,727 shares from previously granted restricted shares and 8,303 performance-based shares becoming common stock (zero price). To satisfy tax obligations, 9,838 shares were withheld/disposed at an implied value of $22.73 per share, totaling approximately $223,569. The filing also reports 23,453 restricted-share interests subject to future vesting.

Key Details

• Transaction date: August 24, 2026 (Form 4 filed August 26, 2026 — appears timely).
• Reported items (transaction codes): M (exercise/conversion) and A (award/grant) resulted in acquisitions/vests; F indicates shares withheld to cover tax liability.
• Tax withholding: 9,838 shares withheld @ $22.73 = $223,569 (reported as a disposition to satisfy taxes).
• Specific counts in the filing: 16,727 shares (conversion/vest), 8,303 shares (performance award vest), and 23,453 restricted-share interests reported (see footnotes for vesting schedule).
• Shares owned after the transactions: not specified in this Form 4.
• Notable footnotes: F1 confirms performance shares vested per the 2023 Equity Incentive Plan; F2 notes shares withheld for taxes; F3–F4 and F7 describe prior grants and staggered future vesting (Aug 2027–2029) and expiration conditions if employment terminates.

Context
This appears to be routine equity vesting and conversion of derivative awards, not an open-market sale. Withholding shares to cover taxes is a common administrative disposition and does not necessarily indicate a change in insider sentiment. The derivative conversions here represent the conversion/settlement of awards (e.g., RSUs/performance shares) into actual shares.