Key Tronic EVP exercises 5,995 RSUs, sells 1,482
KEY TRONIC CORP (KTCC) executive David H. Knaggs, EVP of Quality and IS, reported an equity compensation event on August 27, 2026.
Rhea-AI Filing Summary
KEY TRONIC CORP (KTCC) executive David H. Knaggs, EVP of Quality and IS, reported an equity compensation event on August 27, 2026. He exercised 5,995 Restricted Stock Units, receiving the same number of common shares, and sold 1,482 shares in open-market transactions to cover tax withholding obligations tied to the RSU vesting. After these transactions, he directly held 32,785 shares of common stock and also had indirect holdings through the company’s 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Knaggs David H.
Role
EVP of Quality and IS
Sold
1,482 shs ($6K)
Approx. gross sale proceeds
$6K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F4 | 5,995 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,995 | -- | -- |
| Sale | Common Stock F2 | 1,482 | $3.73 | $6K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 32,785 contracts (Direct);
Common Stock — 7,302 shares (Direct);
Common Stock — 8,844 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 517 shares of common stock acquired by the reporting person under the registrant's 401(k) plan between September 3, 2025, and August 27, 2026.
- F4. The restricted stock units vest in three equal annual installments on August 21, 2026, 2027 and 2028, subject to time-based vesting conditions.
Key Figures
Restricted Stock Units exercised: 5,995 units
Common shares received from RSU exercise: 5,995 shares
Shares sold: 1,482 shares
+4 more
7 metrics
Restricted Stock Units exercised
5,995 units
RSUs exercised and converted into common stock on August 27, 2026
Common shares received from RSU exercise
5,995 shares
Shares of KEY TRONIC CORP common stock underlying the exercised RSUs
Shares sold
1,482 shares
Common stock sold in the open market to cover tax withholding
Sale price per share
$3.73 per share
Price for the 1,482 KTCC shares sold on August 27, 2026
Direct holdings after transaction
32,785 shares
Common stock directly owned by David H. Knaggs after RSU exercise
Indirect 401(k) holdings after transaction
8,844 shares
Common stock held through KEY TRONIC CORP’s 401(k) plan
Shares acquired via 401(k) contributions
517 shares
Acquired between September 3, 2025, and August 27, 2026, under the 401(k) plan
Key Terms
Restricted Stock Units, contingent right, tax withholding obligations, 401(k) plan, +1 more
5 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.
contingent right financial
"represents a contingent right to receive one share of common stock"
tax withholding obligations financial
"sold in the open market in order to satisfy the reporting person's tax withholding"
401(k) plan financial
"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.
time-based vesting conditions financial
"vest in three equal annual installments ... subject to time-based vesting conditions"
FAQ
What equity transactions did KTCC executive David H. Knaggs report on this Form 4?
He exercised 5,995 Restricted Stock Units, receiving 5,995 KTCC common shares, and sold 1,482 shares of common stock in the open market. The sale was made to satisfy tax withholding obligations related to the RSU vesting on August 27, 2026.
What do the restricted stock units (RSUs) reported by KTCC for David H. Knaggs represent?
Each RSU represents a contingent right to receive one share of KTCC common stock. The RSUs referenced in this filing vest in three equal annual installments on August 21, 2026, 2027, and 2028, subject to time-based vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.