Kewaunee SVP settles RSUs, updates holdings

Q: What did KEQU executive Elizabeth Phillips report in this Form 4?

Elizabeth D. Phillips, SVP of People & Culture at Kewaunee Scientific, reported RSU vesting and related stock movements on June 30, 2026. She exercised RSUs into common shares, had shares withheld for taxes, and settled part of her performance-based RSUs in cash with the issuer.

Q: How many Kewaunee Scientific (KEQU) shares did Elizabeth Phillips acquire from RSUs?

On June 30, 2026, Elizabeth Phillips acquired 6,656 shares of Kewaunee Scientific common stock through RSU exercises. The filing notes these came from vested service-based and performance-based restricted stock units that convert to common stock on a one-for-one basis, reflecting compensation rather than open-market buying.

Q: How many KEQU shares were withheld or disposed of in Elizabeth Phillips’ Form 4?

The Form 4 shows 793 shares withheld at $36.25 per share to satisfy tax obligations and a 4,995‑share disposition to the issuer at the same price. Footnotes explain the 4,995 shares correspond to performance-based RSUs settled in cash instead of additional common shares.

Q: What are the key terms of Elizabeth Phillips’ RSU awards at Kewaunee Scientific (KEQU)?

Footnotes describe RSUs split between service-based and performance-based units. Service-based RSUs vest in three equal annual installments, while performance-based RSUs vest only if multi-year performance goals are met. All RSUs convert to Kewaunee Scientific common stock on a one-for-one basis upon settlement, unless settled in cash.

Kewaunee Scientific senior vice president of People & Culture Elizabeth D. Phillips reported compensation-related stock transactions.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Kewaunee Scientific senior vice president of People & Culture Elizabeth D. Phillips reported compensation-related stock transactions. On June 30, 2026, she exercised restricted stock units, acquiring 6,656 shares of common stock. Of these, 793 shares were withheld at $36.25 per share to cover tax obligations.

Footnotes state that performance-based RSUs vested at 150% of target, with RSUs otherwise entitling her to 4,995 shares settled in cash through a disposition to the issuer at $36.25 per share, while 475 service-based RSUs delivered 475 shares. After these transactions, she directly holds 9,116 shares of common stock.

Insider Trade Summary

1,661 shares exercised/converted

Exercise 6 txns

Insider Phillips Elizabeth D

Role SVP, People & Culture

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units FY24	475	$0.00	$0.00
Exercise	Restricted Stock Units FY25	501	$0.00	$0.00
Exercise	Restricted Stock Units FY26	685	$0.00	$0.00
Exercise	Common Stock	6,656	$0.00	$0.00
Disposition	Common Stock	4,995	$36.25	$181K
Exercise Price or Tax Liability	Common Stock	793	$36.25	$29K

Holdings After Transaction: Restricted Stock Units FY24 — 0 contracts (Direct); Restricted Stock Units FY25 — 2,758 contracts (Direct); Restricted Stock Units FY26 — 3,426 contracts (Direct); Common Stock — 9,116 shares (Direct)

Footnotes (5)

F1. Service-based restricted stock units ("RSUs") convert to common stock on a one-for-one basis.
F2. On June 30, 2026, 3,330 of the reporting person's performance-based RSUs were settled following certification of performance results for the applicable performance period, which resulted in the performance-based RSUs vesting at 150% of target. In the settlement, the reporting person received, pursuant to an election made by the reporting person, cash in settlement of RSUs otherwise entitling the reporting person to receive 4,995 shares. In addition, on June 30, 2026, 475 of the reporting person's service-based RSUs vested. Accordingly, the reporting person received 475 shares in the aggregate as a result of the settlement of these RSUs, as well as a payment in cash in lieu of 4,995 shares.
F3. On June 28, 2023, the reporting person was granted RSUs that vest as follows: (a) 30% of the number of RSUs subject to the award consisted of service-based RSUs that vested in three equal annual installments beginning on June 30, 2024, subject to the reporting person's continued employment with the Company, and (b) 70% of the number of RSUs subject to the award consisted of performance based RSUs that vested only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depended on continued employment and actual performance over the three-year period.
F4. On June 28, 2024, the reporting person was granted RSUs that vest as follows: (a) 40% of the number of RSUs subject to the award consisted of service-based RSUs that vest in three equal annual installments beginning on June 30, 2025, subject to the reporting person's continued employment with the Company, and (b) 60% of the number of RSUs subject to the award consisted of performance based RSUs that vest only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depends on continued employment and actual performance over the three-year period.
F5. On June 25, 2025, the reporting person was granted RSUs that vest as follows: (a) 50% of the number of RSUs subject to the award consisted of service-based RSUs that vested in three equal annual installments beginning on June 30, 2026, subject to the reporting person's continued employment with the Company, and (b) 50% of the number of RSUs subject to the award consisted of performance based RSUs that vested only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depends on continued employment and actual performance over the three-year period.

Key Figures

Common stock acquired via RSU exercise: 6,656 shares Shares withheld for taxes: 793 shares at $36.25/share Shares settled in cash with issuer: 4,995 shares at $36.25/share +3 more

6 metrics

Common stock acquired via RSU exercise 6,656 shares Non-derivative M transaction on June 30, 2026

Shares withheld for taxes 793 shares at $36.25/share F-code tax-withholding disposition on June 30, 2026

Shares settled in cash with issuer 4,995 shares at $36.25/share D-code disposition to issuer tied to RSU cash settlement

Service-based RSUs vested 475 RSUs Service-based RSUs vested and delivered 475 shares on June 30, 2026

Post-transaction common stock holdings 14,904 shares Total shares of common stock held directly after M transaction

RSU derivative exercises 1,661 RSUs ExerciseShares from transactionSummary for derivative RSUs

Key Terms

Restricted Stock Units, performance-based RSUs, service-based RSUs, Disposition to issuer, +1 more

5 terms

Restricted Stock Units financial

"Service-based restricted stock units ("RSUs") convert to common stock on a one-for-one basis."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance-based RSUs financial

"performance-based RSUs were settled following certification of performance results for the applicable performance period"

Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.

service-based RSUs financial

"service-based RSUs that vested in three equal annual installments beginning on June 30, 2024"

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

FAQ

What did KEQU executive Elizabeth Phillips report in this Form 4?

Elizabeth D. Phillips, SVP of People & Culture at Kewaunee Scientific, reported RSU vesting and related stock movements on June 30, 2026. She exercised RSUs into common shares, had shares withheld for taxes, and settled part of her performance-based RSUs in cash with the issuer.

How many Kewaunee Scientific (KEQU) shares did Elizabeth Phillips acquire from RSUs?

On June 30, 2026, Elizabeth Phillips acquired 6,656 shares of Kewaunee Scientific common stock through RSU exercises. The filing notes these came from vested service-based and performance-based restricted stock units that convert to common stock on a one-for-one basis, reflecting compensation rather than open-market buying.

How many KEQU shares were withheld or disposed of in Elizabeth Phillips’ Form 4?

The Form 4 shows 793 shares withheld at $36.25 per share to satisfy tax obligations and a 4,995‑share disposition to the issuer at the same price. Footnotes explain the 4,995 shares correspond to performance-based RSUs settled in cash instead of additional common shares.

What are the key terms of Elizabeth Phillips’ RSU awards at Kewaunee Scientific (KEQU)?

Footnotes describe RSUs split between service-based and performance-based units. Service-based RSUs vest in three equal annual installments, while performance-based RSUs vest only if multi-year performance goals are met. All RSUs convert to Kewaunee Scientific common stock on a one-for-one basis upon settlement, unless settled in cash.

How many Kewaunee Scientific (KEQU) shares does Elizabeth Phillips hold after these transactions?

Following the June 30, 2026 transactions, the filing reports that Elizabeth Phillips directly holds 14,904 shares of Kewaunee Scientific common stock. This figure reflects RSU settlements, the tax-withholding disposition of 793 shares, and the 4,995-share cash settlement with the issuer at $36.25 per share.

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Accepted by SEC EDGAR 07/02/2026 - 11:57 AM

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

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^*

Phillips Elizabeth D

(Last)

(First)

(Middle)

2700 WEST FRONT STREET

(Street)

STATESVILLE

NORTH CAROLINA

28677

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KEWAUNEE SCIENTIFIC CORP /DE/ [ KEQU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, People & Culture

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2026		M		6,656	A	$0⁽¹⁾⁽²⁾	14,904	D
Common Stock	06/30/2026		D		4,995	D	$36.25	9,909	D
Common Stock	06/30/2026		F		793	D	$36.25	9,116	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units FY24	⁽¹⁾⁽²⁾	06/30/2026		M			475	⁽³⁾	⁽³⁾	Common Stock	5,470	$0⁽¹⁾⁽²⁾	0	D
Restricted Stock Units FY25	⁽¹⁾	06/30/2026		M			501	⁽⁴⁾	⁽⁴⁾	Common Stock	501	$0⁽¹⁾	2,758	D
Restricted Stock Units FY26	⁽¹⁾	06/30/2026		M			685	⁽⁵⁾	⁽⁵⁾	Common Stock	685	$0⁽¹⁾	3,426	D

Explanation of Responses:

1. Service-based restricted stock units ("RSUs") convert to common stock on a one-for-one basis.

2. On June 30, 2026, 3,330 of the reporting person's performance-based RSUs were settled following certification of performance results for the applicable performance period, which resulted in the performance-based RSUs vesting at 150% of target. In the settlement, the reporting person received, pursuant to an election made by the reporting person, cash in settlement of RSUs otherwise entitling the reporting person to receive 4,995 shares. In addition, on June 30, 2026, 475 of the reporting person's service-based RSUs vested. Accordingly, the reporting person received 475 shares in the aggregate as a result of the settlement of these RSUs, as well as a payment in cash in lieu of 4,995 shares.

3. On June 28, 2023, the reporting person was granted RSUs that vest as follows: (a) 30% of the number of RSUs subject to the award consisted of service-based RSUs that vested in three equal annual installments beginning on June 30, 2024, subject to the reporting person's continued employment with the Company, and (b) 70% of the number of RSUs subject to the award consisted of performance based RSUs that vested only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depended on continued employment and actual performance over the three-year period.

4. On June 28, 2024, the reporting person was granted RSUs that vest as follows: (a) 40% of the number of RSUs subject to the award consisted of service-based RSUs that vest in three equal annual installments beginning on June 30, 2025, subject to the reporting person's continued employment with the Company, and (b) 60% of the number of RSUs subject to the award consisted of performance based RSUs that vest only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depends on continued employment and actual performance over the three-year period.

5. On June 25, 2025, the reporting person was granted RSUs that vest as follows: (a) 50% of the number of RSUs subject to the award consisted of service-based RSUs that vested in three equal annual installments beginning on June 30, 2026, subject to the reporting person's continued employment with the Company, and (b) 50% of the number of RSUs subject to the award consisted of performance based RSUs that vested only if performance goals were achieved over a three-year period. The actual number of shares (if any) received upon settlement of the performance-based RSUs depends on continued employment and actual performance over the three-year period.

Remarks:

	/s/ Donald T. Gardner III, Attorney-in-fact	07/02/2026
	** 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).
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)

Source: View Original Filing on SEC EDGAR