Kewaunee (KEQU) SVP nets RSU shares after tax and issuer offsets
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kewaunee Scientific senior vice president of sales and marketing development Ryan S. Noble reported several equity compensation transactions in the company’s common stock. On June 30, 2026, he exercised awards to acquire 7,206 shares of common stock, primarily from vested restricted stock units. To cover obligations tied to this settlement, 1,809 shares were used in a tax-withholding disposition at $36.25 per share, and 3,000 shares were delivered back to the issuer as a disposition to the company at the same price. After these transactions, Noble directly held 16,240 shares of common stock. He also continued to hold unvested or unsettled restricted stock units from more recent grants, including FY25 and FY26 awards that are subject to service-based and performance-based vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,206 shares exercised/converted
Mixed
6 txns
Insider
Noble Ryan S.
Role
SVP, Sales & Marketing Dev
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units FY24 | 2,942 | $0.00 | -- |
| Exercise | Restricted Stock Units FY25 | 534 | $0.00 | -- |
| Exercise | Restricted Stock Units FY26 | 730 | $0.00 | -- |
| Exercise | Common Stock | 7,206 | $0.00 | -- |
| Disposition | Common Stock | 3,000 | $36.25 | $109K |
| Tax Withholding | Common Stock | 1,809 | $36.25 | $66K |
Holdings After Transaction:
Restricted Stock Units FY24 — 0 shares (Direct);
Restricted Stock Units FY25 — 2,939 shares (Direct);
Restricted Stock Units FY26 — 3,650 shares (Direct);
Common Stock — 21,049 shares (Direct)
Footnotes (1)
- Service-based restricted stock units ("RSUs") convert to common stock on a one-for-one basis. On June 30, 2026, 3,617 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) 2,426 shares and (b) pursuant to an election made by the reporting person, cash in settlement of RSUs otherwise entitling the reporting person to receive 3,000 shares. In addition, on June 30, 2026, 516 of the reporting person's service-based RSUs vested. Accordingly, the reporting person received 2,942 shares in the aggregate as a result of the settlement of these RSUs, as well as a payment in cash in lieu of 3,000 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
RSU-derived shares acquired: 7,206 shares
Tax-withholding shares: 1,809 shares
Shares delivered to issuer: 3,000 shares
+5 more
8 metrics
RSU-derived shares acquired
7,206 shares
Common Stock acquired via derivative exercise on June 30, 2026
Tax-withholding shares
1,809 shares
Shares delivered for tax liability at $36.25 per share
Shares delivered to issuer
3,000 shares
Disposition to issuer at $36.25 per share
Price per share
$36.25 per share
Used for tax-withholding and issuer dispositions
Common shares held after transactions
16,240 shares
Direct ownership following June 30, 2026 transactions
Remaining FY26 RSUs
3,650 units
Restricted Stock Units FY26 after June 30, 2026 activity
Remaining FY25 RSUs
2,939 units
Restricted Stock Units FY25 after June 30, 2026 activity
Performance-based RSUs settled
3,617 units
Performance-based RSUs settled at 150% of target
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
"3,617 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
"516 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"
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What insider transactions did KEQU executive Ryan S. Noble report?
Ryan S. Noble reported exercising equity awards into 7,206 shares of Kewaunee Scientific common stock. He then used 1,809 shares for tax withholding and 3,000 shares as a disposition to the issuer, all dated June 30, 2026.
Were Ryan S. Noble’s KEQU transactions open-market sales or routine equity events?
The transactions were routine equity compensation events, not open-market sales. They included a derivative exercise of awards into 7,206 shares, a tax-withholding disposition of 1,809 shares, and a disposition to the issuer of 3,000 shares.
What do the RSU footnotes in the KEQU Form 4 indicate about Noble’s awards?
The footnotes explain that Noble’s RSUs convert to common stock on a one-for-one basis and include both service-based and performance-based tranches. Performance-based RSUs can vest above target, as shown by a 150% of target vesting outcome for one grant.
Does Ryan S. Noble still hold KEQU restricted stock units after these transactions?
Yes. After the June 30, 2026 settlements, Noble continued to hold unvested RSUs, including 3,650 units from an FY26 grant and 2,939 units from an FY25 grant. These RSUs vest based on continued service and multi-year performance conditions described in the footnotes.