Kimball Electronics Secretary Douglas Hass Exercises Awards, Sells Shares

What Happened

• Douglas Hass, Secretary (CL & AO) of Kimball Electronics (KE), had equity awards/derivatives convert and restricted/performance shares vest on August 24, 2026. The filing shows acquisitions (vests/conversions) of shares at $0 and a tax-withholding disposition: 6,751 shares were withheld/disposed at $22.73 each to cover tax obligations, valued at $153,416. The acquisitions reflect vesting/conversion of prior awards and performance shares rather than open‑market purchases.

Key Details

• Transaction date: August 24, 2026. Form 4 filed August 26, 2026 (timely).
• Tax withholding: 6,751 shares withheld/disposed at $22.73 = $153,416 (Disposition code F; footnote F2).
• Vested/converted shares recorded as acquired at $0:
  • 12,132 shares (conversion/exercise of derivative; footnote F3 indicates these were restricted shares that vested).
  • 13,831 shares (performance-based shares that vested upon certification; footnote F1).
  • 3,422 shares (grant/award recorded as acquired).
• Other derivative entry: 12,132 shares listed as disposed (derivative-related entry) consistent with conversion/settlement mechanics.
• Shares owned after the transactions: Not specified in the filing.
• Notable footnotes: F1 (performance shares vested per committee certification), F2 (shares withheld for taxes), F3–F7 (details on restricted shares vesting schedule, future vesting, and expiration conditions).
• Transaction codes explained: M = exercise/conversion of derivative; A = award/grant; F = payment of exercise price or tax liability (withholding).

Context

• These entries appear to be vesting/conversion events (restricted and performance shares becoming common stock), not open‑market buys. The only shares that generated cash value in the filing were those withheld to satisfy taxes—common practice when awards vest. The filing contains future vesting schedules and conditions (some restricted shares vest in 2027–2029 and may expire if employment ends under certain conditions).