KEY Tronic (KTCC) Director Receives 14,388 RSUs Vesting Aug 2026
Rhea-AI Filing Summary
Craig D. Gates, a director of KEY Tronic Corp (KTCC), reported receipt of 14,388 restricted stock units (RSUs) on 08/21/2025. Each RSU represents a contingent right to one share of common stock and the grant carried a reported price of $0. Following the reported transaction, Mr. Gates is shown as beneficially owning 23,257 shares. The RSUs are subject to time-based vesting and are scheduled to vest on 08/21/2026.
The Form 4 was signed by the reporting person on 08/22/2025 and is filed under Section 16 reporting rules. Ownership is reported in a direct form.
Positive
- 14,388 restricted stock units were granted, increasing reported holdings to 23,257 shares
- RSUs vest on 08/21/2026, providing a clear, time‑based schedule for potential future share delivery
- Filing signed by the reporting person on 08/22/2025, indicating timely disclosure
Negative
- RSUs are contingent and not yet vested or deliverable until 08/21/2026
- Grant price reported as $0, indicating this is a compensatory award rather than a market purchase
Insights
TL;DR: Director received a time‑vested grant of 14,388 RSUs, raising direct beneficial ownership to 23,257 shares; grant vests in one year.
The filing documents a standard equity compensation award to a company director rather than an open‑market purchase or sale. The RSUs are granted at $0 and will convert into common shares if and when they vest on 08/21/2026. For investors, this is a routine disclosure of insider compensation and ownership changes with limited immediate liquidity or voting impact until vesting occurs.
TL;DR: Routine director compensation disclosure; grant is time‑based and recorded as direct beneficial ownership once issued.
The Form 4 correctly discloses the issuance of 14,388 restricted stock units and the vesting schedule. The report indicates compliance with Section 16 reporting obligations and includes a manual signature dated 08/22/2025. The material governance point is the one‑year vesting condition, which aligns the director's interests with longer‑term shareholder alignment but does not immediately change voting rights until shares are delivered.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 14,388 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. The restricted stock units vest on August 21, 2026, subject to time-based vesting conditions.