Key Tronic (KTCC) VP Mark R. Courtney Converts RSUs, Sells 884 Shares

What Happened

• Mark R. Courtney, Vice President of Supply Chain at Key Tronic (KTCC), had 2,997 restricted stock units (RSUs) convert into common stock on August 27, 2026. On the same day he sold 884 of those shares in the open market for $3.73 each, generating $3,297. The RSU conversion shows $0 cost to the reporting person (typical for vested RSUs).

Key Details

• Transaction date: August 27, 2026; Form 4 filed August 31, 2026 (timely within required reporting window).
• Converted/received: 2,997 shares via RSU conversion (derivative exercise/conversion).
• Sold: 884 shares at $3.73 each for a total of $3,297.
• Net change from these events: +2,113 shares (2,997 acquired less 884 sold).
• Shares owned after transaction: not specified in the filing; filing notes it includes 76 shares acquired under the company 401(k) plan between Sept 8, 2025 and Aug 27, 2026 (Footnote F3).
• Footnotes: F1 defines an RSU as a contingent right to one share; F2 indicates the 884-share sale was to satisfy tax withholding on vesting; F4 shows the RSUs vest in three equal annual installments (Aug 21, 2026; 2027; 2028).

Context

• This was a vesting/conversion of RSUs with a simultaneous partial sale to cover taxes (a routine, non-speculative event). The RSU conversion had no cash exercise price; the sale appears to be a tax-withholding/net-share settlement rather than a market-timing sale.