KE Form 4: Douglas Hass Reports Vesting, Tax Withholding Sale
Rhea-AI Filing Summary
Kimball Electronics insider Douglas Hass reported equity changes tied to his compensation and tax withholding. On 08/27/2025 performance-based shares and prior restricted shares vested, adding a total of 15,746 common shares to his beneficial ownership through vesting events recorded as acquisitions at $0. The report also shows 6,842 shares disposed of at $27.97 to satisfy tax obligations, leaving the reporting person with 20,247 shares beneficially owned after that sale and 30,458 shares following other vesting-related accruals. Some restricted shares remain subject to future vesting through August 2028 and expire upon termination for reasons other than death, disability, or retirement.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider vesting increased ownership while tax-related withholding reduced shares; net change is ownership concentration shift, not a market signal.
The filing documents performance-based and restricted share vestings on 08/27/2025 that added 15,746 vested shares (5,974 prior restricted plus 9,772 performance-based shares reflected) at no cash purchase price, indicating compensation realization rather than open-market purchases. A disposition of 6,842 shares at $27.97 was used to satisfy tax obligations, a routine employer withholding mechanism. Overall beneficial ownership figures reported are 20,247 shares after the sale and 30,458 shares when accounting for cumulative restricted shares noted as vesting across 2026–2028. These transactions are compensation-driven and not evidence of opportunistic trading.
TL;DR: Compensation plan mechanics executed: committee-certified performance vesting plus standard restrictive terms and tax withholding.
The Performance Shares vested upon certification by the Talent, Culture, and Compensation Committee, consistent with plan governance and approved metrics. Restricted shares include multi-year vesting tranches (Aug 2026–Aug 2028) and contain standard forfeiture provisions upon termination except for death, disability, or retirement. The withholding disposition aligns with customary employer practice to satisfy tax liabilities on vesting events. No unusual governance actions or exceptions are disclosed in this Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Shares | 5,974 | $0.00 | -- |
| Grant/Award | Restricted Shares | 22,709 | $0.00 | -- |
| Exercise | Common Stock | 5,974 | $0.00 | -- |
| Grant/Award | Common Stock | 9,772 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,842 | $27.97 | $191K |
Footnotes (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. Shares withheld to satisfy tax obligations. Represents Restricted Shares granted in prior years that vested on August 27, 2025 (5,974 shares). Represents Restricted Shares which vest in August 2026 (7,570 shares), August 2027 (7,570 shares), and August 2028 (7,569 shares). The Restricted Shares expire if the reporting person ceases employment for any reason other than death, disability, or retirement. Not Applicable. Represents cumulative Restricted Shares that vest August 2026 (12,132 shares), August 2027 (10,757 shares), and August 2028 (7,569 shares).
