Kimball Electronics (KE) CHRO Jessica DeLorenzo Vests Shares, Withholds for Taxes

What Happened

• Jessica L. DeLorenzo, Chief Human Resources Officer of Kimball Electronics (KE), had a mix of restricted and performance-based share awards vest or convert on Aug 24, 2026. The filing reports vesting/conversion of 6,783 previously granted restricted shares and the vesting of 3,438 performance shares. To satisfy tax obligations, 4,498 shares were withheld at a reported per-share value of $22.73, totaling $102,217. The filing also lists 8,219 restricted-share awards recorded that remain subject to future vesting (vesting schedule in footnotes).

Key Details

• Transaction date: August 24, 2026; Form 4 filed August 26, 2026 (timely filing).
• Vesting/conversion entries recorded at $0 per share (award/settlement), tax-withholding disposal at $22.73 per share (4,498 shares; $102,217).
• Awards that vested: 6,783 restricted shares (prior grants) and 3,438 performance shares (vested upon committee certification).
• New/remaining restricted-share awards recorded: 8,219 shares that vest over 2027–2029 per footnotes.
• Shares withheld to satisfy tax obligations (routine withholding) — reported as a disposition (code F).
• Shares owned after the transaction are not reported in the material provided.
• Footnotes: performance shares vested per the 2023 Equity Incentive Plan (F1); shares withheld for taxes (F2); vesting schedule and forfeiture terms noted (F3–F7).

Context

• This filing reflects routine vesting/settlement of company awards and tax-withholding — not an open-market sale or purchase that signals a directional bet. The derivative/“exercise or conversion” entries indicate conversion/settlement of award units into common shares rather than a cash purchase. DeLorenzo is an executive (CHRO), not a 10% owner; these transactions are typical compensation events.