Key Tronic (KTCC) EVP Adam Agress Receives RSUs, Sells 1,784 Shares

What Happened
Adam L. Agress, Executive Vice President of Business Development at Key Tronic Corp (KTCC), had 5,995 restricted stock units (RSUs) convert into 5,995 shares on August 27, 2026 (acquired at $0 as part of the award conversion). On the same day he sold 1,784 of those shares in the open market at $3.73 each, receiving $6,654 in proceeds. The sale was reported as to satisfy tax withholding obligations tied to the RSU vesting.

Key Details

• Transaction date(s): August 27, 2026 (reported on Form 4 filed Aug 31, 2026).
• Acquired: 5,995 shares via conversion of RSUs (derivative exercise/conversion, acquired at $0).
• Sold: 1,784 shares in open market at $3.73 per share for total proceeds of $6,654.
• Footnotes: F1 — each RSU equals one share; F2 — shares sold to satisfy tax withholding; F3 — RSUs vest in three equal annual installments on Aug 21, 2026–2028 (time-based vesting).
• Shares owned after the transaction: not specified in the Form 4 filing.
• Filing timeliness: Form filed Aug 31, 2026 covering the Aug 27, 2026 transactions (no late-filing flag indicated).

Context

• This was not a cash purchase; it was the conversion/vesting of previously granted RSUs into common shares (a common compensation event).
• The open-market sale appears to be a routine sell-to-cover for tax withholding rather than a directional bet on the stock—such withholding sales are common when awards vest.
• Purchases can signal bullish intent more than routine sales; this filing documents an award vesting plus a tax-related sale, not an elective investment buy.