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Kimball Electronics (KE) CFO locks in awards, receives 23,453-share grant

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kimball Electronics, Inc. (KE) reported equity compensation activity for CFO Jana T. Croom on August 24, 2026. Previously granted 16,727 Restricted Shares vested and were converted into the same number of common shares. In addition, 8,303 performance based shares vested under the 2023 Equity Incentive Plan upon achievement of certified performance criteria. Croom was granted 23,453 new Restricted Shares that vest in tranches in August 2027, 2028, and 2029, and 9,838 common shares were withheld at $22.725 per share to satisfy tax obligations.

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Insider Croom Jana T
Role CFO
Type Security Shares Price Value
Exercise Restricted Shares F3 16,727 $0.00 $0.00
Grant/Award Restricted Shares F6, F4, F5, F7 23,453 $0.00 $0.00
Exercise Common Stock 16,727 $0.00 $0.00
Grant/Award Common Stock F1 8,303 $0.00 $0.00
Tax Withholding Common Stock F2 9,838 $22.725 $224K
Holdings After Transaction: Restricted Shares — 44,291 shares (Direct); Common Stock — 47,516 shares (Direct)
Footnotes (7)
  1. F1. Reflects performance based shares granted pursuant to the Issuer's 2023 Equity Incentive Plan which vested on August 24, 2026 upon the achievement of certain performance criteria certified by the Talent, Culture, and Compensation Committee of the Board of Directors of the Issuer.
  2. F2. Shares withheld to satisfy tax obligations.
  3. F3. Represents Restricted Shares granted in prior years that vested on August 24, 2026 (16,727 shares).
  4. F4. Represents Restricted Shares which vest in August 2027 (7,818 shares), August 2028 (7,818 shares), and August 2029 (7,817 shares).
  5. F5. The Restricted Shares expire if the reporting person ceases employment for any reason other than death, disability, or retirement.
  6. F6. Not Applicable.
  7. F7. Represents cumulative Restricted Shares that vest August 2027 (21,424 shares), August 2028 (15,050 shares), and August 2029 (7,817 shares).
Vested Restricted Shares 16,727 shares Restricted Shares granted in prior years that vested on August 24, 2026
Vested performance based shares 8,303 shares Performance based shares vested on August 24, 2026 upon achievement of performance criteria
New Restricted Shares granted 23,453 shares Restricted Shares granted to CFO Jana T. Croom vesting in August 2027–2029
Shares withheld for taxes 9,838 shares Common shares withheld to satisfy tax obligations
Tax withholding price $22.725 per share Price used for common shares withheld to satisfy tax obligations
Cumulative Restricted Shares vesting August 2027 21,424 shares Cumulative Restricted Shares scheduled to vest in August 2027
Cumulative Restricted Shares vesting August 2028 15,050 shares Cumulative Restricted Shares scheduled to vest in August 2028
Cumulative Restricted Shares vesting August 2029 7,817 shares Cumulative Restricted Shares scheduled to vest in August 2029
Restricted Shares financial
"Represents Restricted Shares granted in prior years that vested on August 24, 2026"
Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.
performance based shares financial
"Reflects performance based shares granted pursuant to the Issuer's 2023 Equity Incentive Plan"
2023 Equity Incentive Plan financial
"Reflects performance based shares granted pursuant to the Issuer's 2023 Equity Incentive Plan"
withheld to satisfy tax obligations financial
"Shares withheld to satisfy tax obligations."

FAQ

What equity awards for CFO Jana T. Croom are reported for Kimball Electronics (KE)?

The filing reports vesting of 16,727 Restricted Shares and 8,303 performance based shares, plus a new grant of 23,453 Restricted Shares scheduled to vest in August 2027, 2028, and 2029, all related to Kimball Electronics’ equity incentive programs.

How many Kimball Electronics (KE) performance based shares vested for the CFO?

CFO Jana T. Croom had 8,303 performance based shares vest on August 24, 2026. These were granted under Kimball Electronics’ 2023 Equity Incentive Plan and vested upon achievement of performance criteria certified by the Talent, Culture, and Compensation Committee.

What new Restricted Shares did the Kimball Electronics (KE) CFO receive and when do they vest?

Jana T. Croom received 23,453 new Restricted Shares, which vest in three tranches: 7,818 shares in August 2027, 7,818 shares in August 2028, and 7,817 shares in August 2029, subject to continued employment except in cases of death, disability, or retirement.

How many Kimball Electronics (KE) shares were withheld to cover the CFO’s tax obligations?

Kimball Electronics withheld 9,838 common shares from CFO Jana T. Croom at $22.725 per share to satisfy tax obligations related to the vesting of equity awards, as described in the footnotes to the Form 4 filing.

What cumulative Restricted Share vesting schedule does the Kimball Electronics (KE) Form 4 disclose?

The Form 4 footnotes state cumulative Restricted Shares scheduled to vest as 21,424 shares in August 2027, 15,050 shares in August 2028, and 7,817 shares in August 2029, reflecting the combined impact of current and prior Restricted Share grants.

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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Croom Jana T

(Last)(First)(Middle)
1205 KIMBALL BOULEVARD

(Street)
JASPER INDIANA 47546

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Kimball Electronics, Inc. [ KE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/24/2026M16,727A$049,051D
Common Stock08/24/2026A8,303(1)A$057,354D
Common Stock08/24/2026F(2)9,838D$22.72547,516D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Shares$008/24/2026M16,727 (3) (3)Common Stock16,727$020,838D
Restricted Shares$008/24/2026A23,453 (4) (5)Common Stock23,453$0(6)44,291(7)D
Explanation of Responses:
1. Reflects performance based shares granted pursuant to the Issuer's 2023 Equity Incentive Plan which vested on August 24, 2026 upon the achievement of certain performance criteria certified by the Talent, Culture, and Compensation Committee of the Board of Directors of the Issuer.
2. Shares withheld to satisfy tax obligations.
3. Represents Restricted Shares granted in prior years that vested on August 24, 2026 (16,727 shares).
4. Represents Restricted Shares which vest in August 2027 (7,818 shares), August 2028 (7,818 shares), and August 2029 (7,817 shares).
5. The Restricted Shares expire if the reporting person ceases employment for any reason other than death, disability, or retirement.
6. Not Applicable.
7. Represents cumulative Restricted Shares that vest August 2027 (21,424 shares), August 2028 (15,050 shares), and August 2029 (7,817 shares).
Remarks:
Kimberly E. Cooper, Attorney in Fact and Agent08/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)