HULL THOMAS DAVID III 4
4 · KEWAUNEE SCIENTIFIC CORP /DE/ · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Kewaunee Scientific (KEQU) CEO Thomas D. Hull III Sells 17,000 Shares
What Happened
- Thomas D. Hull III, President & CEO and Director of Kewaunee Scientific (KEQU), had restricted stock units (RSUs) convert into common stock on June 30, 2026. The Form 4 reports a conversion/exercise of 54,388 derivative units into shares.
- As part of the RSU settlement (see footnote F2), Mr. Hull received 30,525 shares and elected cash in lieu of 17,000 shares. The filing shows he surrendered 17,000 shares to the issuer for $36.25 per share (total $616,250) and 16,243 shares were disposed/withheld to satisfy tax withholding at $36.25 per share (total $588,809). Several conversion/disposition line items in the filing reflect the mechanics of the RSU settlement.
Key Details
- Transaction date: June 30, 2026; Form filed July 2, 2026.
- Prices: Dispositions recorded at $36.25 per share (17,000 shares = $616,250; 16,243 shares = $588,809). Conversions reported at $0 (RSU settlement).
- Shares owned after transaction: Not stated in the provided Form 4 summary.
- Notable footnotes: F1 (service RSUs convert 1:1); F2 (performance RSUs settled and vested at 150% of target, resulting in cash election for 17,000 shares and receipt of 30,525 shares); other footnotes (F3–F5) describe vesting schedules of prior RSU grants.
- Filing timeliness: Filed July 2, 2026 (no late filing flagged in this summary).
Context
- These were RSU settlements and related issuer dispositions/cash-in-lieu and tax withholdings — typical mechanics when equity awards vest. Codes: M = exercise/conversion of derivative (RSU conversion), D = disposition to issuer (cash-in-lieu), F = shares withheld for tax liability.
- This was not an open-market sale by the insider; the cash received and tax withholding reflect settlement of vested awards rather than a discretionary market trade. Such transactions often reflect standard compensation vesting rather than a directional trading signal.
Insider Transaction Report
Form 4
HULL THOMAS DAVID III
DirectorPresident & CEO
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-30+54,388→ 87,388 total - Disposition to Issuer
Common Stock
2026-06-30$36.25/sh−17,000$616,250→ 70,388 total - Tax Payment
Common Stock
2026-06-30$36.25/sh−16,243$588,809→ 54,145 total - Exercise/Conversion
Restricted Stock Units FY24
[F1][F2][F3]2026-06-30−30,525→ 0 total→ Common Stock (47,525 underlying) - Exercise/Conversion
Restricted Stock Units FY25
[F1][F4]2026-06-30−2,642→ 14,524 total→ Common Stock (2,642 underlying) - Exercise/Conversion
Restricted Stock Units FY26
[F1][F5]2026-06-30−4,221→ 21,107 total→ Common Stock (4,221 underlying)
Footnotes (5)
- [F1]Service-based restricted stock units ("RSUs") convert to common stock on a one-for-one basis.
- [F2]On June 30, 2026, 28,929 of the reporting person's performance-based RSUs were settled following certification of performance results for the applicable performance period, which resulted in the performance-based RSUs vesting at 150% of target. In the settlement, the reporting person received (a) 26,393 shares and (b) pursuant to an election made by the reporting person, cash in settlement of RSUs otherwise entitling the reporting person to receive 17,000 shares. In addition, on June 30, 2026, 4,132 of the reporting person's service-based RSUs vested. Accordingly, the reporting person received 30,525 shares in the aggregate as a result of the settlement of these RSUs, as well as a payment in cash in lieu of 17,000 shares.
- [F3]On June 28, 2023, the reporting person was granted RSUs that vest as follows: (a) 30% of the number of RSUs subject to the award consisted of service-based RSUs that vested in three equal annual installments beginning on June 30, 2024, subject to the reporting person's continued employment with the Company, and (b) 70% of the number of RSUs subject to the award consisted of performance-based RSUs that vested only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depended on continued employment and actual performance over the three-year period.
- [F4]On June 28, 2024, the reporting person was granted RSUs that vest as follows: (a) 40% of the number of RSUs subject to the award consisted of service-based RSUs that vest in three equal annual installments beginning on June 30, 2025, subject to the reporting person's continued employment with the Company, and (b) 60% of the number of RSUs subject to the award consisted of performance-based RSUs that vest only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depends on continued employment and actual performance over the three-year period.
- [F5]On June 25, 2025, the reporting person was granted RSUs that vest as follows: (a) 50% of the number of RSUs subject to the award consisted of service-based RSUs that vested in three equal annual installments beginning on June 30, 2026, subject to the reporting person's continued employment with the Company, and (b) 50% of the number of RSUs subject to the award consisted of performance-based RSUs that vested only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depends on continued employment and actual performance over the three-year period.
Signature
/s/ Donald T. Gardner III, Attorney-in-fact|2026-07-02