KEY Tronic insider: 8,869 RSUs converted to shares; 50,095 total held
Rhea-AI Filing Summary
Yacov A. Shamash, a director of KEY Tronic Corp (KTCC), reports the vesting of restricted stock units into common shares. On 09/03/2025, 8,869 restricted stock units vested and were converted into 8,869 shares of common stock at no cash cost, increasing his direct beneficial ownership to 50,095 shares. The filing also discloses 1,100 shares held by his daughter, which Mr. Shamash disclaims as beneficially owned. This Form 4 reflects a routine executive equity vesting event rather than an open-market purchase or sale.
Positive
- 8,869 restricted stock units vested and converted to common shares, aligning director compensation with shareholder equity
- Direct beneficial ownership increased to 50,095 shares, clearly disclosed in the filing
- Proper disclosure of family-held shares (1,100) with an explicit disclaimer
Negative
- None.
Insights
TL;DR: Director equity vesting increased direct holdings by 8,869 shares to 50,095; routine compensation event with no cash outlay.
The report shows a standard compensation-related issuance: 8,869 restricted stock units vested on 09/03/2025 and converted into common shares at $0, raising the reporting person’s direct stake to 50,095 shares. This is a non-market, non-dilutive insider acquisition from the perspective of secondary trading and represents equity compensation realization rather than active market buying or selling.
TL;DR: Routine director RSU vesting disclosed; ownership disclosure and disclaimer regarding family-held shares are properly noted.
The filing properly records the vesting of RSUs and includes the required disclosure that 1,100 shares are held by the director’s daughter with a disclaimer of beneficial ownership. The Form 4 is a standard governance transparency item and provides clear reporting of the post-transaction ownership balance.