Ranade Mandar 4
4 · KEWAUNEE SCIENTIFIC CORP /DE/ · Filed Jun 27, 2023
Insider Transaction Report
Form 4
Ranade Mandar
VP-Information Technology
Transactions
- Exercise/Conversion
Common Stock
2023-06-23+5,920→ 11,306 total - Tax Payment
Common Stock
2023-06-23$16.47/sh−1,676$27,604→ 9,630 total - Exercise/Conversion
Restricted Stock Units FY21
2023-06-23−4,915→ 0 total→ Common Stock (4,915 underlying)
Footnotes (3)
- [F1]This amount includes 1,005 additional shares that were received upon settlement of the performance-based Restricted Stock Units, originally granted on June 23, 2020, as a result of the performance component of the grant vesting at 125% on June 23, 2023.
- [F2]Restricted stock units convert to common stock on a one-for-one basis.
- [F3]On June 23, 2020, the reporting person was granted restricted stock units that vest as follows: (a) 40% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 23, 2021, subject to the reporting person's continued employment with the Company, and (b) 60% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that vest only if performance goals are achieved over a three-year period. The actual number of units (if any) received under this award will depend on continued employment and actual performance over the three-year performance period.