Key Tronic (NASDAQ: KTCC) grants 13,404 RSUs vesting through 2029
Rhea-AI Filing Summary
KEY TRONIC CORP (KTCC) reported that its EVP of Business Development, as the reporting person, received a grant of 13,404 Restricted Stock Units (RSUs) linked to KEY TRONIC CORP common stock. The award was reported at a price of $0.00 per unit and is classified as a grant/award acquisition.
Each RSU represents a contingent right to receive one share of common stock. These RSUs vest in three equal annual installments on August 20, 2027, 2028, and 2029, subject to time-based vesting conditions. Following this grant, the reporting person directly holds 38,780 RSUs in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Agress Adam L
Role
EVP Business Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 13,404 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 38,780 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. These restricted stock units vest in three equal annual installments on August 20, 2027, 2028, and 2029, subject to time-based vesting conditions.
Key Figures
Restricted Stock Units granted: 13,404 units
RSUs underlying common stock: 13,404 shares
RSUs held after transaction: 38,780 units
+1 more
4 metrics
Restricted Stock Units granted
13,404 units
Grant/award acquisition on August 20, 2026
RSUs underlying common stock
13,404 shares
Each RSU corresponds to one share of common stock
RSUs held after transaction
38,780 units
Directly held by the reporting person following the grant
RSU transaction price per unit
$0.00 per unit
Reported grant price for the RSU award
Key Terms
Restricted Stock Units, contingent right, time-based vesting conditions
3 terms
Restricted Stock Units financial
"The security reported is described as "Restricted Stock Units""
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
"Each restricted stock unit represents a contingent right to receive one share"
time-based vesting conditions financial
"These restricted stock units vest in three equal annual installments ... subject to time-based vesting conditions"
FAQ
What insider equity award did KTCC grant to the reporting executive?
KEY TRONIC CORP granted the reporting executive 13,404 Restricted Stock Units. Each RSU represents a contingent right to receive one share of KEY TRONIC CORP common stock, reported as a grant/award acquisition with a stated price of $0.00 per unit.
How do the new KTCC RSUs vest for the reporting person?
The 13,404 KTCC RSUs vest in three equal annual installments on August 20, 2027, August 20, 2028, and August 20, 2029, subject to time-based vesting conditions disclosed in the filing.
After this Form 4 transaction, how many KTCC RSUs does the insider hold?
Following the reported grant, the reporting person directly holds 38,780 Restricted Stock Units tied to KEY TRONIC CORP common stock, as stated in the post-transaction holdings figure.
What does each KTCC Restricted Stock Unit represent in this Form 4?
Each KEY TRONIC CORP Restricted Stock Unit represents a contingent right to receive one share of common stock, according to the footnote included with the transaction.
Was the KTCC Form 4 transaction reported under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked as affirmatively adopted for this transaction, and no footnote states that the grant was made pursuant to a 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.