[Form 4] KEY Tronic Corp Insider Trading Activity
James R. Bean, a director of KEY Tronic Corp (KTCC), received 8,869 restricted stock units that vested on 09/03/2025 and were converted into 8,869 shares of common stock. The Form 4 reports an acquisition of 8,869 common shares on 09/03/2025 and shows Mr. Bean's beneficial ownership after the transaction as 15,655 shares in the non-derivative table and 14,388 shares in the derivative table. The RSUs had a $0 conversion price and vested on the stated date, increasing his direct ownership position.
- Insider acquisition: Director James R. Bean acquired 8,869 shares when RSUs vested on 09/03/2025, increasing his direct ownership.
- No cash outlay disclosed: RSUs converted at a reported $0 price, indicating standard vested compensation rather than a market purchase.
- None.
Insights
TL;DR: Director James Bean acquired 8,869 shares via vested RSUs, modestly increasing his direct holding in KTCC.
The filing documents the vesting and conversion of 8,869 restricted stock units into common shares on 09/03/2025 at a $0 conversion price, a routine compensation-related issuance for insiders. Such insider acquisitions reduce dilution risk from outstanding RSUs and slightly raise an insiders economic stake. The report lists two post-transaction beneficial ownership totals: 15,655 shares (non-derivative table) and 14,388 shares (derivative table), both of which should be reconciled by the companys internal reporting. This transaction is material for disclosure but small in absolute size relative to most public-company floats.
TL;DR: Vesting of RSUs for a director is a standard compensation event that requires Section 16 reporting.
The Form 4 correctly discloses that James R. Bean, listed as a director, had 8,869 restricted stock units vest on 09/03/2025 and received equivalent shares. The filing is timely and signed on 09/04/2025. The presence of differing post-transaction beneficial ownership figures between tables merits a simple administrative reconciliation but does not necessarily indicate a governance concern. Overall this is a routine, disclosure-driven event tied to equity compensation.