Kewaunee Scientific (KEQU) CFO Donald T. Gardner III Receives RSU Award

What Happened

• Donald T. Gardner III, Chief Financial Officer of Kewaunee Scientific Corp (KEQU), was granted 5,428 restricted stock units (RSUs) on June 24, 2026. The Form 4 reports the acquisition price as $0 (a compensatory award/derivative grant). Each RSU represents a contingent right to one share of common stock upon vesting.

Key Details

• Transaction date: 2026-06-24; Form 4 filed 2026-06-25 (timely filing).
• Transaction type/code: Award/Grant (derivative) — 5,428 RSUs at $0.00 per unit.
• Vesting: RSUs vest in three equal annual installments beginning June 30, 2027, subject to continued employment (per footnotes).
• Shares owned after transaction: not specified in the provided filing details.
• No sale or purchase of shares occurred — this is a compensatory award, not an open-market trade.

Context

• RSU awards are common executive compensation: they do not transfer shares immediately but convert to stock as they vest and employment conditions are met. Such grants compensate and retain executives and are not direct market purchases or sales by the insider.