Key Tronic EVP converts RSUs, sells 925 shares
Key Tronic’s EVP of Operations converted RSUs into shares and sold 925 shares mainly to cover tax withholding tied to vesting.
Rhea-AI Filing Summary
KEY TRONIC CORP (KTCC) EVP of Operations Duane D. Mackleit reported a small set of equity transactions. On September 3, 2026, 3,695 restricted stock units were converted into 3,695 shares of common stock, with 29,090 RSUs reported as directly held afterward and 55,371 shares held indirectly through a 401(k) plan. On September 4, 2026, 925 common shares were sold at $2.34 per share in open-market transactions to satisfy tax withholding obligations related to the RSU vesting. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Mackleit Duane D
Role
EVP of Operations
Sold
925 shs ($2K)
Approx. gross sale proceeds
$2K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 925 | $2.34 | $2K |
| Exercise | Restricted Stock Units F1, F4 | 3,695 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,695 | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 29,090 contracts (Direct);
Common Stock — 19,181 shares (Direct);
Common Stock — 55,371 shares (Indirect, 401(k) Plan)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. Represents common stock sold in the open market in order to satisfy the reporting person's tax withholding obligations in connection with the vesting of restricted stock units.
- F3. Includes 0 shares of common stock acquired by the reporting person under the registrant's 401(k) plan between August 27, 2026 and September, 3, 2026.
- F4. The restricted stock units vest in three equal annual installments on September 3, 2025, 2026 and 2027, subject to time-based vesting conditions.
Key Figures
Shares sold: 925 shares
Sale price per share: $2.34 per share
RSUs converted: 3,695 units
+2 more
5 metrics
Shares sold
925 shares
Common stock sold on September 4, 2026 to satisfy tax withholding
Sale price per share
$2.34 per share
Common stock sale on September 4, 2026
RSUs converted
3,695 units
Restricted stock units converted into common stock on September 3, 2026
RSUs directly held after transaction
29,090 units
Direct RSU holdings reported after September 3, 2026 conversion
Indirect 401(k) holdings
55,371 shares
Common stock held indirectly through 401(k) plan as of September 3, 2026
Key Terms
Restricted Stock Units, 401(k) plan, tax withholding obligations, time-based vesting conditions
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.
401(k) plan financial
"Includes 0 shares of common stock acquired by the reporting person under the registrant's 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
tax withholding obligations financial
"common stock sold in the open market in order to satisfy the reporting person's tax withholding obligations"
time-based vesting conditions financial
"vest in three equal annual installments ... subject to time-based vesting conditions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did KTCC’s EVP of Operations report?
Duane D. Mackleit reported 3,695 RSUs converting into 3,695 common shares on September 3, 2026, and a sale of 925 shares at $2.34 per share on September 4, 2026, mainly to cover tax withholding on the RSU vesting.
What RSU activity did KTCC disclose for the EVP of Operations?
On September 3, 2026, 3,695 restricted stock units were converted into 3,695 shares of KEY TRONIC CORP common stock. After this, 29,090 RSUs were reported as directly held, vesting in three equal annual installments.
Was a Rule 10b5-1 trading plan used for these KTCC insider transactions?
No. The Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
