Kewaunee Scientific (KEQU) CEO settles RSUs and disposes shares to issuer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kewaunee Scientific President and CEO Thomas David Hull III reported several compensation-related share transactions tied to restricted stock units. On June 30, 2026, he exercised or settled awards to acquire common stock and used part of the shares to cover obligations.
Hull exercised or settled awards covering 54,388 shares of common stock. Of these, 16,243 shares were delivered at $36.25 per share to satisfy tax obligations, and 17,000 shares were disposed to the issuer for cash under his election. Footnotes state that service- and performance-based RSUs convert one-for-one into common stock.
Footnotes also explain that 28,929 performance-based RSUs were settled at 150% of target, resulting in 26,393 shares plus cash in lieu of 17,000 shares, and 4,132 service-based RSUs vested. Overall, the filing reflects routine equity compensation vesting, tax withholding, and related dispositions rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
37,388 shares exercised/converted
Mixed
6 txns
Insider
HULL THOMAS DAVID III
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units FY24 | 30,525 | $0.00 | -- |
| Exercise | Restricted Stock Units FY25 | 2,642 | $0.00 | -- |
| Exercise | Restricted Stock Units FY26 | 4,221 | $0.00 | -- |
| Exercise | Common Stock | 54,388 | $0.00 | -- |
| Disposition | Common Stock | 17,000 | $36.25 | $616K |
| Tax Withholding | Common Stock | 16,243 | $36.25 | $589K |
Holdings After Transaction:
Restricted Stock Units FY24 — 0 shares (Direct, null);
Restricted Stock Units FY25 — 14,524 shares (Direct, null);
Restricted Stock Units FY26 — 21,107 shares (Direct, null);
Common Stock — 87,388 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, 28,929 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 (a) 26,393 shares and (b) pursuant to an election made by the reporting person, cash in settlement of RSUs otherwise entitling the reporting person to receive 17,000 shares. In addition, on June 30, 2026, 4,132 of the reporting person's service-based RSUs vested. Accordingly, the reporting person received 30,525 shares in the aggregate as a result of the settlement of these RSUs, as well as a payment in cash in lieu of 17,000 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
Shares from exercised/settled awards: 54,388 shares
Shares used for tax withholding: 16,243 shares at $36.25
Shares disposed to issuer for cash: 17,000 shares at $36.25
+5 more
8 metrics
Shares from exercised/settled awards
54,388 shares
Common Stock transactions on June 30, 2026
Shares used for tax withholding
16,243 shares at $36.25
Tax-withholding disposition on June 30, 2026
Shares disposed to issuer for cash
17,000 shares at $36.25
Disposition to issuer on June 30, 2026
Performance-based RSUs settled
28,929 RSUs
Settled at 150% of target on June 30, 2026
Shares from performance-based RSUs
26,393 shares
Received upon settlement of performance-based RSUs
Service-based RSUs vested
4,132 RSUs
Service-based RSUs vesting on June 30, 2026
Aggregate shares from RSU settlement
30,525 shares
Total shares received from settled RSUs
Performance vesting level
150% of target
Performance-based RSUs vesting outcome
Key Terms
Restricted Stock Units, performance-based RSUs, service-based RSUs, tax-withholding disposition, +2 more
6 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
"28,929 of the reporting person's performance-based RSUs were settled following certification of performance results."
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
"In addition, on June 30, 2026, 4,132 of the reporting person's service-based RSUs vested."
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Disposition to issuer financial
"Disposition to issuer"
performance goals financial
"performance-based RSUs that vested only if performance goals were achieved over a three-year period."
Performance goals are specific, measurable targets a company sets for financial results, operational milestones, or individual roles—examples include revenue, profit, production levels, or completion of a project. They matter to investors because meeting or missing these targets influences management pay, future forecasts, deal-related payments and market confidence; think of them as a scoreboard that helps outsiders judge whether the business is performing as promised.
FAQ
What did KEQU CEO Thomas David Hull III report in this Form 4?
He reported equity-compensation transactions, including exercising and settling restricted stock units into common stock, plus share dispositions to cover taxes and a cash election. These are internal company-related transactions, not open-market stock purchases or sales.
What performance outcome is disclosed for KEQU performance-based RSUs?
The filing notes 28,929 performance-based RSUs were settled at 150% of target following certification of results. This produced 26,393 shares plus cash in lieu of 17,000 shares, reflecting above-target performance for the applicable three-year performance period.