Kewaunee Scientific (KEQU) SVP settles RSUs, withholds and disposes shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kewaunee Scientific senior vice president of manufacturing operations Douglas J. Batdorff reported a set of compensation-related equity transactions. On June 30, 2026, he acquired 7,451 shares of common stock through the settlement of restricted stock units, while 851 shares were withheld to cover tax obligations and 5,609 shares were disposed of back to the company for cash instead of receiving shares. Footnotes note that 3,739 performance-based RSUs vested at 150% of target and 535 service-based RSUs vested the same day.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,842 shares exercised/converted
Mixed
6 txns
Insider
Batdorff Douglas J.
Role
SVP, Manufacturing Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units FY24 | 535 | $0.00 | -- |
| Exercise | Restricted Stock Units FY25 | 552 | $0.00 | -- |
| Exercise | Restricted Stock Units FY26 | 755 | $0.00 | -- |
| Exercise | Common Stock | 7,451 | $0.00 | -- |
| Disposition | Common Stock | 5,609 | $36.25 | $203K |
| Tax Withholding | Common Stock | 851 | $36.25 | $31K |
Holdings After Transaction:
Restricted Stock Units FY24 — 0 shares (Direct, null);
Restricted Stock Units FY25 — 3,038 shares (Direct, null);
Restricted Stock Units FY26 — 3,773 shares (Direct, null);
Common Stock — 14,630 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, 3,739 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 5,609 shares. In addition, on June 30, 2026, 535 of the reporting person's service-based RSUs vested. Accordingly, the reporting person received 535 shares in the aggregate as a result of the settlement of these RSUs, as well as a payment in cash in lieu of 5,609 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-withheld shares: 851 shares
Disposition to issuer: 5,609 shares
Common shares acquired: 7,451 shares
+3 more
6 metrics
Tax-withheld shares
851 shares
Common stock withheld at $36.25 per share for tax obligations on June 30, 2026
Disposition to issuer
5,609 shares
Common stock equivalent settled in cash instead of shares on June 30, 2026
Common shares acquired
7,451 shares
Common stock acquired via derivative exercise/conversion on June 30, 2026
Performance-based RSUs settled
3,739 RSUs
Performance-based RSUs settled at 150% of target on June 30, 2026
Service-based RSUs vested
535 RSUs
Service-based RSUs vesting and delivering 535 shares on June 30, 2026
RSU tax withholding price
$36.25 per share
Price used for tax withholding and issuer disposition entries
Key Terms
restricted stock units ("RSUs"), performance-based RSUs, service-based RSUs, disposition to issuer, +2 more
6 terms
restricted stock units ("RSUs") financial
"Service-based restricted stock units ("RSUs") convert to common stock on a one-for-one basis."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance-based RSUs financial
"3,739 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
"535 of the reporting person's service-based RSUs vested."
disposition to issuer financial
"transaction_action": "issuer disposition","transaction_code_description": "Disposition to issuer""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition","transaction_code_description": "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.
vest at 150% of target financial
"performance-based RSUs were settled ... which resulted in the performance-based RSUs vesting at 150% of target."
