Key Tronic (KTCC) EVP Adam L. Agress Receives RSUs, Sells 1,112 Shares

What Happened Adam L. Agress, EVP Business Development at Key Tronic Corp (KTCC), had 3,695 restricted stock units convert into common shares on Sept 3, 2026 (reported as an exercise/conversion of a derivative). On Sept 4, 2026 he sold 1,112 of those shares in the open market at $2.34 each, receiving $2,602. The derivative conversion shows a $0.00 cash price because these were restricted stock units (RSUs) that settled into shares.

Key Details

• Transaction dates: RSU conversion (exercise/conversion) on 2026-09-03; open-market sale on 2026-09-04.
• Sale price and proceeds: 1,112 shares sold at $2.34 for $2,602 total.
• Shares acquired via conversion: 3,695 shares from RSU settlement (reported as derivative conversion).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes: F1 — each restricted stock unit = right to one share; F2 — the 1,112 shares were sold to satisfy tax withholding on vesting; F3 — the RSUs vest in three equal annual installments (Sept 3, 2025, 2026, 2027).
• Filing timeliness: Form 4 was filed Sept 8, 2026 (several days after the Sept 3–4 transactions), which appears later than the usual 2-business-day reporting window.

Context This was an RSU settlement (not a cash purchase) followed by an open-market sale to cover tax withholding — a common administrative step when awards vest. The sale amount is small relative to typical insider trades and likely reflects withholding needs rather than a directional bet on the stock. The filing does not indicate a 10% owner or a 10b5-1 plan.