Kewaunee Scientific (NASDAQ: KEQU) CEO receives 15,195 RSUs in equity grant
Rhea-AI Filing Summary
HULL THOMAS DAVID III reported acquisition or exercise transactions in this Form 4 filing.
KEWAUNEE SCIENTIFIC CORP President & CEO Thomas David Hull III reported an equity compensation grant in the form of restricted stock units. He received 15,195 RSUs tied to the company’s common stock, each representing a contingent right to one share, with no cash paid per unit.
The RSUs will vest in three equal annual installments starting on June 30, 2027, as long as he remains employed by the company. Following this award, his reported holdings for this RSU grant total 15,195 units directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units FY27 | 15,195 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. The restricted stock units shall vest in three equal annual installments beginning June 30, 2027, subject to the reporting person's continued employment with the Company.
Key Figures
Key Terms
Restricted Stock Units financial
contingent right financial
vest financial
Common Stock financial
FAQ
What insider transaction did KEQU President & CEO Thomas David Hull III report?
Thomas David Hull III reported receiving a grant of 15,195 restricted stock units as equity compensation. Each unit is tied to one share of KEWAUNEE SCIENTIFIC CORP common stock, providing future share delivery subject to vesting conditions and continued employment.
How many KEQU restricted stock units were granted to the CEO in this Form 4?
The CEO was granted 15,195 restricted stock units labeled for FY27. These RSUs are derivative securities that convert into an equal number of common shares over time, assuming vesting conditions are satisfied and employment with KEWAUNEE SCIENTIFIC CORP is maintained.
What are the vesting terms for the KEQU FY27 restricted stock units?
The FY27 restricted stock units vest in three equal annual installments beginning June 30, 2027. Vesting is contingent on the reporting person’s continued employment with KEWAUNEE SCIENTIFIC CORP, aligning long-term incentives with the company’s performance and retention objectives.
How many KEQU RSUs does the CEO hold after this reported grant?
After this transaction, the Form 4 shows the CEO holding 15,195 restricted stock units associated with this specific FY27 award. These units represent contingent rights to receive the company’s common shares as they vest over the defined three-year schedule.