Key Tronic (KTCC) CFO Anthony Voorhees Exercises RSUs, Sells 2,252 Shares
$KTCC · KEY TRONIC CORPResearch Summary
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Key Tronic (KTCC) CFO Anthony Voorhees Exercises RSUs, Sells 2,252 Shares
What Happened
Anthony Gene Voorhees, EVP-Admin, Chief Financial Officer and Treasurer of Key Tronic Corp (KTCC), converted 7,494 restricted stock units (RSUs) into common shares and sold 2,252 of those shares in the open market on Aug 27, 2026. The sale was at $3.73 per share for proceeds of approximately $8,400. The RSU conversion shows $0 cash cost (these were time-based awards converting to shares).
Key Details
- Transaction date: August 27, 2026. Form filed Aug 31, 2026 (filed within required reporting window).
- Shares acquired: 7,494 shares via conversion/exercise of RSUs (derivative conversion, no cash paid).
- Shares sold: 2,252 shares at $3.73, total proceeds ≈ $8,400. Sale reported as to satisfy tax withholding obligations.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes:
- F1: Each RSU equals the right to one share on vesting.
- F2: The 2,252-share sale was to satisfy tax withholding on vested RSUs.
- F3: Reported holdings include 359 shares acquired under the company 401(k) plan between Sep 3, 2025 and Aug 27, 2026.
- F4: RSUs vest in three equal annual installments (Aug 21, 2026; 2027; 2028) subject to time-based vesting.
Context
This was not a market-timed purchase; it was the conversion/vesting of RSUs and a partial sale to cover tax obligations (a routine, non-speculative tax withholding sale). For retail investors, purchases (cash buys) often carry more interpretive weight; here the primary action was vesting/conversion with a small, routine sale to satisfy taxes.