Compensation grant: KEWAUNEE (KEQU) SVP receives 2,466 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Phillips Elizabeth D reported acquisition or exercise transactions in this Form 4 filing.
KEWAUNEE SCIENTIFIC CORP senior vice president of People & Culture, Elizabeth D. Phillips, received a compensation grant of 2,466 restricted stock units tied to the company’s common stock. Each unit represents a contingent right to one share and will vest in three equal annual installments beginning on June 30, 2027, subject to her continued employment. Following this award, her reported holdings from this grant total 2,466 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Phillips Elizabeth D
Role
SVP, People & Culture
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units FY27 | 2,466 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units FY27 — 2,466 shares (Direct, null)
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
RSUs granted: 2,466 units
Transaction price per unit: $0.00 per unit
Units after transaction: 2,466 units
+2 more
5 metrics
RSUs granted
2,466 units
Restricted Stock Units FY27 grant on June 24, 2026
Transaction price per unit
$0.00 per unit
Grant/award acquisition, compensation-related
Units after transaction
2,466 units
Total restricted stock units following the grant
Vesting schedule
3 equal annual installments
Beginning June 30, 2027, subject to continued employment
Derivative transactions
1 transaction
Single derivative-type RSU grant reported in this Form 4
Key Terms
Restricted Stock Units, contingent right, vest, continued employment
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
contingent right financial
"represents a contingent right to receive one share of the Company's common stock"
vest financial
"The restricted stock units shall vest in three equal annual installments"
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.
continued employment financial
"beginning June 30, 2027, subject to the reporting person's continued employment"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
FAQ
What insider transaction did KEWAUNEE SCIENTIFIC (KEQU) report for Elizabeth D. Phillips?
KEWAUNEE SCIENTIFIC reported that SVP People & Culture Elizabeth D. Phillips received 2,466 restricted stock units. These units are a form of equity compensation linked to the company’s common stock, not an open-market share purchase or sale.
How many restricted stock units did the KEQU executive receive in this Form 4 filing?
Elizabeth D. Phillips was granted 2,466 restricted stock units. Each unit represents a contingent right to receive one share of KEWAUNEE SCIENTIFIC’s common stock if vesting conditions, including continued employment, are met over time.
What is the vesting schedule for the 2,466 restricted stock units at KEWAUNEE SCIENTIFIC?
The 2,466 restricted stock units vest in three equal annual installments starting June 30, 2027. Vesting is contingent on Elizabeth D. Phillips remaining employed with KEWAUNEE SCIENTIFIC, aligning her long-term incentives with company performance.
How many KEQU restricted stock units does Elizabeth D. Phillips hold after this transaction?
After the reported grant, Elizabeth D. Phillips holds 2,466 restricted stock units from this award. All of these units are subject to future vesting dates and continued employment conditions before becoming actual shares of common stock.