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Kimball Electronics (KE) grants HR chief 8,219 restricted shares

(Neutral)
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Form Type
4

Rhea-AI Filing Summary

Kimball Electronics, Inc. (KE) reported equity compensation activity for Chief Human Resources Officer Jessica L. DeLorenzo on August 24, 2026. Previously granted 6,783 Restricted Shares vested and were converted into an equal number of common shares, and 3,438 performance based shares vested upon achievement of certified performance criteria. DeLorenzo also received a new grant of 8,219 Restricted Shares scheduled to vest in tranches through August 2029. In connection with these vestings, 4,498 common shares were delivered or withheld at $22.725 per share to satisfy tax obligations.

Positive

  • None.

Negative

  • None.
Insider DeLorenzo Jessica L
Role Chief Human Resources Officer
Type Security Shares Price Value
Exercise Restricted Shares F3 6,783 $0.00 $0.00
Grant/Award Restricted Shares F6, F4, F5, F7 8,219 $0.00 $0.00
Exercise Common Stock 6,783 $0.00 $0.00
Grant/Award Common Stock F1 3,438 $0.00 $0.00
Tax Withholding Common Stock F2 4,498 $22.725 $102K
Holdings After Transaction: Restricted Shares — 16,477 shares (Direct); Common Stock — 35,318 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 (6,783 shares).
  4. F4. Represents Restricted Shares that vest in August 2027 (2,740 shares), August 2028 (2,740 shares), and August 2029 (2,739 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 (8,147 shares), August 2028 (5,591 shares), and August 2029 (2,739 shares).
Restricted Shares vested 6,783 shares Previously granted Restricted Shares that vested on August 24, 2026 and converted into common stock
Performance based shares vested 3,438 shares Performance based shares under the 2023 Equity Incentive Plan that vested on August 24, 2026
New Restricted Shares granted 8,219 shares Restricted Shares granted to Jessica L. DeLorenzo on August 24, 2026
Shares delivered or withheld for taxes 4,498 shares Common shares delivered or withheld at $22.725 per share to satisfy tax obligations
Tax-related share value $22.725 per share Value used for shares delivered or withheld to satisfy tax obligations
Future vesting 2027 2,740 shares Restricted Shares scheduled to vest in August 2027 from the new grant
Future vesting 2028 2,740 shares Restricted Shares scheduled to vest in August 2028 from the new grant
Future vesting 2029 2,739 shares Restricted Shares scheduled to vest in August 2029 from the new grant
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"
2023 Equity Incentive Plan financial
"Reflects performance based shares granted pursuant to the Issuer's 2023 Equity"
Talent, Culture, and Compensation Committee regulatory
"certified by the Talent, Culture, and Compensation Committee of the Board"
tax obligations financial
"Shares withheld to satisfy tax obligations."

FAQ

What equity transactions did KE report for Jessica L. DeLorenzo on this Form 4?

Kimball Electronics reported that 6,783 Restricted Shares vested and converted into common stock, 3,438 performance based shares vested, a new grant of 8,219 Restricted Shares was awarded, and 4,498 common shares were delivered or withheld to cover tax obligations at $22.725 per share.

How many new Restricted Shares of KE common stock were granted to Jessica L. DeLorenzo?

Jessica L. DeLorenzo received a grant of 8,219 Restricted Shares of Kimball Electronics common stock, vesting in three annual installments scheduled for August 2027, August 2028, and August 2029, subject to continued employment and the plan’s terms.

What performance-based shares of KE vested for Jessica L. DeLorenzo?

A total of 3,438 performance based shares granted under Kimball Electronics’ 2023 Equity Incentive Plan vested on August 24, 2026, after achievement of specified performance criteria certified by the Talent, Culture, and Compensation Committee of the Board of Directors.

How many KE shares were used to satisfy Jessica L. DeLorenzo’s tax obligations?

To satisfy tax obligations related to vesting events, 4,498 shares of Kimball Electronics common stock were delivered or withheld at a value of $22.725 per share, reported under transaction code F for payment of tax liability.

What vesting schedule applies to Jessica L. DeLorenzo’s newly granted KE Restricted Shares?

The newly granted Restricted Shares are scheduled to vest as 2,740 shares in August 2027, 2,740 shares in August 2028, and 2,739 shares in August 2029, and they expire if employment ceases other than for death, disability, or retirement.

Did the Form 4 indicate any remaining unvested KE Restricted Shares for Jessica L. DeLorenzo?

Yes. Footnotes state cumulative unvested Restricted Shares of 8,147 shares vesting August 2027, 5,591 shares vesting August 2028, and 2,739 shares vesting August 2029, reflecting outstanding time-based awards subject to future vesting conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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*
DeLorenzo Jessica L

(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)
Chief Human Resources Officer
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 Stock08/24/2026M6,783A$036,378D
Common Stock08/24/2026A3,438(1)A$039,816D
Common Stock08/24/2026F(2)4,498D$22.72535,318D
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$008/24/2026M6,783 (3) (3)Common Stock6,783$08,258D
Restricted Shares$008/24/2026A8,219 (4) (5)Common Stock8,219$0(6)16,477(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 (6,783 shares).
4. Represents Restricted Shares that vest in August 2027 (2,740 shares), August 2028 (2,740 shares), and August 2029 (2,739 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 (8,147 shares), August 2028 (5,591 shares), and August 2029 (2,739 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)