KE Insider Filing: Chief Accounting Officer Reports Vesting, 1,767 Shares Withheld

Rhea-AI Filing Summary

Adam M. Baumann, Chief Accounting Officer of Kimball Electronics, Inc. (KE), reported multiple equity transactions dated 08/27/2025. Performance-based shares granted under the 2023 Equity Incentive Plan vested on that date, resulting in 2,592 shares acquired at $0 and 1,561 restricted shares treated as acquired; 1,767 shares were withheld to satisfy tax obligations at an indicated price of $27.97. After these transactions Mr. Baumann beneficially owned 9,294 shares directly and 1,407 indirectly via a retirement fund, with restricted shares scheduled to vest in August 2026, 2027 and 2028 per the filing. The Form 4 was signed by an attorney-in-fact on 08/29/2025.

Positive

• Performance-based awards vested upon committee certification, converting conditional grants into common shares at $0 issuance price
• Staggered restricted share vesting through 2026-2028 supports retention incentives
• Officer increased direct beneficial ownership to 9,294 shares following the transactions

Negative

• 1,767 shares were withheld to satisfy tax obligations, recorded as a disposition at $27.97, reducing net shares received
• Some restricted shares are forfeitable if the reporting person ceases employment for reasons other than death, disability, or retirement

Insights

Securities Reporting Specialist

TL;DR Officer recorded vesting of performance and restricted shares with tax-withholding disposition; overall ownership modestly increased.

The filing documents routine equity compensation activity for a senior officer: performance-based awards vested upon committee certification and resulted in issuance of shares at no cash price, while a portion of shares was withheld to satisfy taxes, reflected as a disposition at $27.97. The officer retains direct and indirect holdings, with staggered future vesting for remaining restricted shares. This is a standard Section 16 filing that updates beneficial ownership rather than disclosing any new strategic or operational development.

Compensation & Equity Plan Analyst

TL;DR Vesting reflects compensation plan mechanics; withholding for taxes reduces net issuance but preserves executive ownership incentives.

The entry shows performance shares certified by the board committee and restricted share vesting schedules aligned with multi-year retention conditions. The withheld shares to cover taxes are recorded as a sale/disposition at a stated price, which is a common administrative outcome of vesting events. The remaining restricted shares carry forfeiture conditions if employment ceases before vesting, which is standard for retention-focused equity grants.

SEC Form 4

FORM 4

UNITED 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

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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^*

Baumann Adam M

(Last) (First) (Middle)

1205 KIMBALL BLVD.

(Street)

JASPER IN 47546

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Kimball Electronics, Inc. [ KE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/27/2025		M		1,561	A	$0	6,702	D
Common Stock	08/27/2025		A		2,592(1)	A	$0	9,294	D
Common Stock	08/27/2025		F(2)		1,767	D	$27.97	7,527	D
Common Stock								1,407	I	Retirement Fund

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Shares	$0	08/27/2025		M			1,561	(3)	(3)	Common Stock	1,561	$0	2,032	D
Restricted Shares	$0	08/27/2025		A		3,755		(4)	(5)	Common Stock	3,755	$0(6)	5,787(7)	D

Explanation of Responses:

1. Reflects performance based shares granted pursuant to the Issuer's 2023 Equity Incentive Plan which vested on August 27, 2025 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 27, 2025 (1,561 shares).

4. Represents Restricted Shares which vest in August 2026 (1,252 shares), August 2027 (1,252 shares), and August 2028 (1,251 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 2026 (2,438 shares), August 2027 (2,098 shares), and August 2028 (1,251 shares).

Remarks:

	Kimberly E. Cooper, Attorney in Fact and Agent	08/29/2025
	** Signature of Reporting Person	Date
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.

FAQ

What transactions did Adam M. Baumann report on Form 4 for KE?

The Form 4 reports vesting and issuance of performance and restricted shares on 08/27/2025, including acquisitions of 2,592 shares and withholding of 1,767 shares for taxes.

How many shares does the reporting person beneficially own after these transactions?

After the reported transactions Mr. Baumann beneficially owned 9,294 shares directly and 1,407 indirectly through a retirement fund.

Why were shares withheld and at what price were they recorded?

Shares were withheld to satisfy tax obligations and the withholding disposition is recorded at an indicated price of $27.97.

Which awards vested and what plan governs them?

The filing states performance-based shares granted under the Issuer's 2023 Equity Incentive Plan vested on August 27, 2025 after committee certification.

Are there remaining restricted shares and when do they vest?

Yes. Restricted shares remain that vest in August 2026, August 2027, and August 2028 per the filing schedule.