June 30, 2026 · Form 4 insider transaction
Phillips Elizabeth D sold 475 shares of Kewaunee Scientific Corporation at $0.00 per share, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 2 days after the transaction.
Service-based restricted stock units ("RSUs") convert to common stock on a one-for-one basis.; On June 30, 2026, 3,330 of the reporting person's performance-based RSUs were settled following certification of performance results for the applicable performance period, which resulted in the performance-based RSUs vesting at 150% of target. In the settlement, the reporting person received, pursuant to an election made by the reporting person, cash in settlement of RSUs otherwise entitling the reporting person to receive 4,995 shares. In addition, on June 30, 2026, 475 of the reporting person's service-based RSUs vested. Accordingly, the reporting person received 475 shares in the aggregate as a result of the settlement of these RSUs, as well as a payment in cash in lieu of 4,995 shares.; On June 28, 2023, the reporting person was granted RSUs that vest as follows: (a) 30% of the number of RSUs subject to the award consisted of service-based RSUs that vested in three equal annual installments beginning on June 30, 2024, subject to the reporting person's continued employment with the Company, and (b) 70% of the number of RSUs subject to the award consisted of performance based RSUs that vested only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depended on continued employment and actual performance over the three-year period.