Key Tronic (KTCC) EVP Chad Orebaugh Sells 925 Shares After RSU Conversion

What Happened
Chad Thomas Orebaugh, EVP of Engineering at Key Tronic (KTCC), had 3,695 restricted stock units convert into common shares on Sept 3, 2026 (reported as a derivative conversion/exercise). Following the conversion, he sold 925 shares in an open-market transaction on Sept 4, 2026 at $2.34 per share, receiving $2,165. The conversion shows $0 cost per share (typical for RSU vesting), and the sale appears to have been done to satisfy tax withholding.

Key Details

• Transaction dates: RSU conversion/exercise on 2026-09-03; open-market sale on 2026-09-04.
• Sale details: 925 shares sold at $2.34 each for total proceeds of $2,165.
• Acquisition details: 3,695 shares acquired via conversion/exercise of restricted stock units (reported at $0).
• Footnotes: F1—each RSU equals one share; F2—shares sold to satisfy tax withholding from RSU vesting; F4—these RSUs vest in three equal annual installments (Sept 3, 2025–2027). F3 notes 0 shares acquired under the 401(k) plan in the specified period.
• Shares owned after the transactions: not specified in the provided filing.
• Filing timing: Form filed 2026-09-08 covering activity through 2026-09-03/04. Because Form 4s are normally filed within two business days of the transaction, this filing date may be later than the standard window.

Context
This was primarily a vesting/conversion of RSUs followed by a small, routine sale to meet tax withholding obligations—common internal-plan activity rather than a discretionary market sell signal. The derivative entry is a conversion of restricted stock units (contingent awards) into shares, not an option purchase. The small net sale ($2,165) is typically administrative; it does not necessarily indicate the insider’s view on the company’s prospects.