KE Form 4/A Amends Withheld Shares; Beneficial Ownership Adjusted to 7,528
Rhea-AI Filing Summary
Kimball Electronics, Inc. (KE) Form 4/A shows an amended insider transaction by Adam M. Baumann, identified as an officer (Chief Accounting Officer). On 08/27/2025 shares were withheld to satisfy tax obligations under transaction code F, with 1,766 shares withheld at a reported price of $27.97. Following the withholding, the reporting person beneficially owned 7,528 shares directly. The amendment corrects the original Form 4 filing to reduce the withheld share count by one (from 1,767 to 1,766) and to increase the reported beneficial ownership by one share (from 7,527 to 7,528). The Form 4/A is signed by an agent, Kimberly E. Cooper, Attorney in Fact, dated 09/05/2025.
Positive
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Insights
TL;DR: Amendment corrects minor counting error; transaction was routine tax-withholding of equity.
The amendment clarifies a small numeric error in the originally filed Form 4, adjusting withheld shares by one and the resulting beneficial ownership by one share. The underlying transaction is a common administrative withholding to satisfy tax obligations rather than an open-market sale or purchase. The reported price of $27.97 likely reflects the withholding valuation for the equity settlement. This disclosure improves record accuracy but does not indicate a change in insider intent or material shift in ownership.
TL;DR: Governance process functioning: insider corrected filing and an agent certified the amendment.
The filing demonstrates adherence to Section 16 reporting requirements by filing an amended Form 4 to correct share counts. Use of an attorney-in-fact to sign the amendment is documented. The change is immaterial in size (one share) but important for accurate public records. There is no evidence in this filing of new derivative activity, additional disposals, or material governance events tied to executive control.