Batdorff Douglas J. 4
4 · KEWAUNEE SCIENTIFIC CORP /DE/ · Filed Jun 29, 2023
Insider Transaction Report
Form 4
Batdorff Douglas J.
VP of Manufacturing Operations
Transactions
- Award
Restricted Stock Units FY24
2023-06-28+5,342→ 5,342 total→ Common Stock (5,342 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
- [F2]The award of restricted stock units shall vest as follows: (a) 30% 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 June 30, 2024, subject to the reporting person's continued employment with the Company; and (b) 70% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that will 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.