Kewaunee (KEQU) SVP exercises RSUs, holds 16,215 common shares
Rhea-AI Filing Summary
Kewaunee Scientific senior vice president of IT & Engineering Mandar Ranade reported several equity compensation transactions dated June 30, 2026. He exercised awards to acquire 7,227 shares of common stock at a stated price of $0.0000 per share, tied to vested restricted stock units. Footnotes explain that 4,159 shares were delivered upon settlement of service- and performance-based RSUs, while an additional portion of performance-based RSUs was settled in cash in lieu of 1,800 shares. To cover obligations, 1,877 shares were disposed of at $36.25 per share as a tax-withholding transaction and 1,800 shares were returned to the company at the same price as a disposition to the issuer. After these moves, Ranade directly holds 16,215 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,550 shares
Net Buy
6 txns
Insider
Ranade Mandar
Role
SVP, IT & Engineering
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units FY24 | 4,159 | $0.00 | -- |
| Exercise | Restricted Stock Units FY25 | 536 | $0.00 | -- |
| Exercise | Restricted Stock Units FY26 | 732 | $0.00 | -- |
| Exercise | Common Stock | 7,227 | $0.00 | -- |
| Disposition | Common Stock | 1,800 | $36.25 | $65K |
| Tax Withholding | Common Stock | 1,877 | $36.25 | $68K |
Holdings After Transaction:
Restricted Stock Units FY24 — 0 shares (Direct);
Restricted Stock Units FY25 — 2,945 shares (Direct);
Restricted Stock Units FY26 — 3,660 shares (Direct);
Common Stock — 16,215 shares (Direct)
Footnotes (1)
- Service-based restricted stock units ("RSUs") convert to common stock on a one-for-one basis. On June 30, 2026, 3,627 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) 3,641 shares and (b) pursuant to an election made by the reporting person, cash in settlement of RSUs otherwise entitling the reporting person to receive 1,800 shares. In addition, on June 30, 2026, 518 of the reporting person's service-based RSUs vested. Accordingly, the reporting person received 4,159 shares in the aggregate as a result of the settlement of these RSUs, as well as a payment in cash in lieu of 1,800 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
Tax-withholding shares: 1,877 shares at $36.25
Disposition to issuer: 1,800 shares at $36.25
Common shares acquired via exercise: 7,227 shares at $0.0000
+4 more
7 metrics
Tax-withholding shares
1,877 shares at $36.25
Shares disposed to cover tax liability on June 30, 2026
Disposition to issuer
1,800 shares at $36.25
Shares returned to company for cash instead of stock
Common shares acquired via exercise
7,227 shares at $0.0000
Exercise or conversion of derivative-related awards into common stock
RSU settlement shares
4,159 shares
Shares received from service- and performance-based RSU settlement
Performance RSUs vested
3,627 units at 150% of target
Performance-based RSUs settled after certification of results
Cash in lieu of shares
1,800 share-equivalent RSUs
RSUs settled in cash instead of receiving 1,800 shares
Direct common stock holdings
16,215 shares
Shares directly owned after all June 30, 2026 transactions
Key Terms
Restricted Stock Units, performance-based RSUs, service-based RSUs, Disposition to issuer, +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
"3,627 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
"518 of the reporting person's service-based RSUs vested."
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
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.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did KEQU executive Mandar Ranade report on June 30, 2026?
Mandar Ranade reported exercising equity awards into common stock and related dispositions. He acquired 7,227 shares through exercises and received 4,159 shares from RSU settlements, while shares were withheld and surrendered to the issuer to cover tax and cash-settlement elections.
Were any of Mandar Ranade’s KEQU transactions open-market sales or purchases?
The reported transactions were not open-market trades. They involved exercises of restricted stock units into common stock, a tax-withholding disposition of 1,877 shares at $36.25, and a disposition of 1,800 shares to the issuer for cash instead of receiving additional shares.
What restricted stock unit activity did KEQU disclose for Mandar Ranade?
Kewaunee disclosed settlement of both service-based and performance-based RSUs for Mandar Ranade. Footnotes state that 4,159 shares were issued upon RSU settlement, and 1,800 performance-based RSUs were instead settled in cash, following certification of performance results and vesting conditions.
How were KEQU performance-based RSUs for Mandar Ranade structured and settled?
Performance-based RSUs granted to Mandar Ranade vest only if multi-year performance goals and continued employment requirements are met. On June 30, 2026, 3,627 performance-based RSUs vested at 150% of target, resulting in share delivery plus a cash payment instead of 1,800 additional shares.