Key Tronic (KTCC) VP Mark R. Courtney Sells 566 Shares

What Happened
Mark R. Courtney, Vice President of Supply Chain at Key Tronic Corp. (KTCC), had 1,847 restricted stock units convert into the same number of common shares on Sept 3, 2026 (reported as a derivative conversion/exercise). He then sold 566 of those shares in an open-market transaction on Sept 4, 2026 at $2.34 per share, generating about $1,324. The conversion had no exercise cost reported ($0.00), consistent with RSU vesting rather than option exercise. The sale was reported as being to satisfy tax withholding obligations.

Key Details

• Conversion/Exercise (coded M): 1,847 shares converted into common stock on 2026-09-03; reported acquisition value $0.00 (RSU conversion). (See footnotes regarding RSUs.)
• Sale (coded S): 566 shares sold on 2026-09-04 at $2.34 each for total proceeds of approximately $1,324.
• Footnotes of note:
  • F1: Each restricted stock unit (RSU) represents a contingent right to one share.
  • F2: The 566 shares were sold in the open market to satisfy tax withholding on RSU vesting.
  • F4: The RSUs vest in three equal annual installments on Sep 3, 2025, 2026 and 2027 (time-based vesting).
  • F3: Filing notes 0 shares acquired under the 401(k) plan in the reporting period.
• Shares owned after the transactions are not specified in the filing.
• Filing was submitted Sep 8, 2026 for transactions on Sep 3–4, 2026 — this is later than the typical two-business-day Form 4 deadline.

Context
This was primarily an RSU vesting event (conversion of deferred/contingent shares) followed by a small open-market sale to cover tax withholding. RSU conversions involve no out-of-pocket exercise price and are routine compensation-related transactions; the subsequent sale to satisfy taxes is also common and not, by itself, a clear signal of the insider’s view on the company’s prospects.