Kimball COO gifts 5,000 shares to charities
Kimball Electronics’ COO reported gifting 5,000 KE shares while retaining restricted and retirement-related holdings.
Rhea-AI Filing Summary
Kimball Electronics, Inc. (KE) reported that Chief Operating Officer Steven T. Korn made bona fide gifts of 5,000 shares of common stock on September 3, 2026, to charitable and educational organizations. He continues to hold 60,627 Restricted Shares that vest between August 2027 and August 2029, plus 17,148 shares held indirectly through a retirement fund.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares gifted
Gift
4 txns
Insider
Korn Steven T
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 4,000 | $0.00 | $0.00 |
| Gift | Common Stock F2 | 1,000 | $0.00 | $0.00 |
| holding | Restricted Shares F3, F4 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 131,683 shares (Direct);
Restricted Shares — 60,627 contracts (Direct);
Common Stock — 17,148 shares (Indirect, Retirement Fund)
Footnotes (4)
- F1. Gifted shares to charitable organization.
- F2. Gifted shares to charitable education organization.
- F3. Represents Restricted Shares which vest in August 2027 (29,753 shares), August 2028 (22,981 shares), and August 2029 (7,893 shares).
- F4. The Restricted Shares expire if the reporting person ceases employment for any reason other than death, disability, or retirement.
Key Figures
Shares gifted to charitable organization: 4,000 shares
Shares gifted to charitable education organization: 1,000 shares
Total Restricted Shares held directly: 60,627 shares
+5 more
8 metrics
Shares gifted to charitable organization
4,000 shares
Bona fide gift of common stock on September 3, 2026 to a charitable organization
Shares gifted to charitable education organization
1,000 shares
Bona fide gift of common stock on September 3, 2026 to a charitable education organization
Total Restricted Shares held directly
60,627 shares
Restricted Shares of Kimball Electronics common stock held directly after the reported gifts
Restricted Shares vesting August 2027
29,753 shares
Portion of Restricted Shares scheduled to vest in August 2027
Restricted Shares vesting August 2028
22,981 shares
Portion of Restricted Shares scheduled to vest in August 2028
Restricted Shares vesting August 2029
7,893 shares
Portion of Restricted Shares scheduled to vest in August 2029
Indirect shares held through retirement fund
17,148 shares
Common stock of Kimball Electronics held indirectly via a retirement fund
Exercise price of Restricted Shares
$0.00 per share
Reported exercise price associated with the Restricted Shares position
Key Terms
Restricted Shares, Retirement Fund, bona fide gift, vest
4 terms
Retirement Fund financial
"Common Stock held indirectly through a Retirement Fund"
bona fide gift financial
"Gifted shares to charitable organization."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
vest financial
"Represents Restricted Shares which vest in August 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did KE’s COO Steven T. Korn report?
He reported making bona fide gifts of 5,000 shares of Kimball Electronics common stock on September 3, 2026, consisting of 4,000 shares to a charitable organization and 1,000 shares to a charitable education organization.
Does KE’s COO have indirect holdings after the gifts?
Yes. The filing shows an indirect holding of 17,148 shares of Kimball Electronics common stock through a retirement fund, in addition to his directly held Restricted Shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.