Kewaunee Scientific (KEQU) SVP settles RSUs, ends with 14,904 shares
Filing Impact
Filing Sentiment
Form Type
4
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 14,904 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,661 shares exercised/converted
Mixed
6 txns
Insider
Phillips Elizabeth D
Role
SVP, People & Culture
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units FY24 | 475 | $0.00 | -- |
| Exercise | Restricted Stock Units FY25 | 501 | $0.00 | -- |
| Exercise | Restricted Stock Units FY26 | 685 | $0.00 | -- |
| Exercise | Common Stock | 6,656 | $0.00 | -- |
| Disposition | Common Stock | 4,995 | $36.25 | $181K |
| Tax Withholding | Common Stock | 793 | $36.25 | $29K |
Holdings After Transaction:
Restricted Stock Units FY24 — 0 shares (Direct, null);
Restricted Stock Units FY25 — 2,758 shares (Direct, null);
Restricted Stock Units FY26 — 3,426 shares (Direct, null);
Common Stock — 14,904 shares (Direct, null)
Footnotes (1)
- Service-based restricted stock units ("RSUs") convert to common stock on a one-for-one basis. 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. 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. 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. 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.
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.