KE Insider Report: Korn's Performance Shares Vest; Gifts and Tax Withholding Reported

Rhea-AI Filing Summary

Kimball Electronics insider Steven T. Korn reported multiple transactions on 08/27/2025 that changed his holdings. He gifted 3,000 shares to a charitable organization and 1,000 shares to a charitable education organization, and had 13,885 shares withheld to satisfy tax obligations. Performance-based and restricted shares vested: 11,762 performance-based shares and 11,762 previously granted restricted shares vested on that date, and an additional 20,148 performance-based shares were reported as granted/awarded. Following these transactions, Mr. Korn beneficially owned 125,010 shares directly, with 15,752 shares held indirectly in a retirement fund. Some restricted shares remain subject to future vesting schedules and forfeiture conditions if employment terminates.

Positive

• Performance-based shares vested (11,762) after certification by the Talent, Culture, and Compensation Committee
• Net beneficial ownership increased to 125,010 shares following awards and vesting
• Clear retention structure remains via restricted shares that vest across 2026–2028

Negative

• Shares disposed through gifts (3,000 and 1,000 shares) reduced liquid holdings
• 13,885 shares withheld to satisfy tax obligations, decreasing immediate ownership available for sale

Insights

Corporate Governance Expert

TL;DR: Multiple internal equity events increased beneficial ownership while routine gifts and tax-withholding reduced liquid holdings.

These Form 4 entries document standard executive equity activity: vesting of performance and restricted shares certified by the board committee, donations to charitable organizations, and share withholding for taxes. The filing shows a net increase in reported beneficial ownership to 125,010 shares, indicating compensation realization rather than open-market trading. The restricted share forfeiture conditions and staged vesting schedules remain in place, preserving retention incentives.

Compensation Analyst

TL;DR: Executive received material equity compensation via vested performance and restricted shares, consistent with incentive plan mechanics.

The report discloses that performance criteria were met and certified, triggering vesting of 11,762 performance-based shares plus prior restricted shares, and an award totaling 20,148 performance-based shares. Withholding of 13,885 shares for taxes is customary. The mix of immediate vesting and multi-year restricted tranches aligns with long-term retention design under the 2023 Equity Incentive Plan.

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

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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^*

Korn Steven T

(Last) (First) (Middle)

1205 KIMBALL BOULEVARD

(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 Operating 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		G		3,000(1)	D	$0	94,100	D
Common Stock	08/27/2025		G		1,000(2)	D	$0	93,100	D
Common Stock	08/27/2025		M		11,762	A	$0	104,862	D
Common Stock	08/27/2025		A		20,148(3)	A	$0	125,010	D
Common Stock	08/27/2025		F(4)		13,885	D	$27.97	111,125	D
Common Stock								15,752	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			11,762	(5)	(5)	Common Stock	11,762	$0	40,195	D
Restricted Shares	$0	08/27/2025		A		21,906		(6)	(7)	Common Stock	21,906	$0(8)	62,101(9)	D

Explanation of Responses:

1. Gifted shares to charitable organization.

2. Gifted shares to charitable education organization.

3. 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.

4. Shares withheld to satisfy tax obligations.

5. Represents Restricted Shares granted in prior years that vested on August 27, 2025 (11,762 shares).

6. Represents Restricted Shares which vest in August 2026 (7,302 shares), August 2027 (7,302 shares), and August 2028 (7,302 shares).

7. The Restricted Shares expire if the reporting person ceases employment for any reason other than death, disability, or retirement.

8. Not Applicable.

9. Represents cumulative Restricted Shares that vest August 2026 (25,153 shares), August 2027 (21,860 shares), and August 2028 (15,088 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).
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FAQ

What transactions did Steven T. Korn report on Form 4 for Kimball Electronics (KE)?

He reported gifts of 3,000 and 1,000 shares, withholding of 13,885 shares for taxes, and vesting/granting of performance and restricted shares totaling reported additions of 20,148 and 11,762 shares on 08/27/2025.

How many shares does Steven T. Korn beneficially own after the transactions?

Following the reported transactions, Mr. Korn beneficially owned 125,010 shares directly and 15,752 shares indirectly in a retirement fund.

Did any performance-based awards vest for KE insider Steven T. Korn?

Yes. The filing states that performance-based shares granted under the 2023 Equity Incentive Plan vested on 08/27/2025 after certification, including 11,762 shares and additional awarded shares reflected in the report.

Are there any restrictions or forfeiture conditions on the vested or unvested shares?

Yes. Certain Restricted Shares vest over 2026–2028 and expire if the reporting person ceases employment for reasons other than death, disability, or retirement.

Were any shares transferred to charity according to the Form 4?

Yes. The Form 4 discloses gifts of 3,000 shares to a charitable organization and 1,000 shares to a charitable education organization.