[Form 4] KEY Tronic Corp Insider Trading Activity
Anthony Gene Voorhees, EVP-Admin, CFO and Treasurer of KEY Tronic Corp (KTCC), acquired 4,619 restricted stock units that convert one-for-one into common shares and which vest in three equal annual installments beginning September 3, 2025. To satisfy tax withholding on the vesting, he sold 1,380 shares in the open market at $2.91 per share. After these reported transactions, Mr. Voorhees directly beneficially owns 4,466 shares, indirectly holds 431 shares in an IRA and 15,958 shares in a 401(k), and holds 31,721 restricted stock units convertible to common stock.
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Insights
TL;DR: Insider received time‑based RSUs and sold a portion to cover taxes; ownership shifts are routine and not materially dilutive.
The transaction shows vesting of 4,619 RSUs that convert one-for-one into common shares and are subject to three-year time-based vesting. The open-market sale of 1,380 shares at $2.91 was explicitly to satisfy tax withholding, a standard administrative step that reduces net direct holdings but does not reflect a discretionary disposition for liquidity or directional view. The remaining direct and indirect holdings (totaling reported direct 4,466, IRA 431, 401(k) 15,958, plus RSUs 31,721) provide continued alignment with shareholders. Impact is routine and informational for investor monitoring of insider alignment and potential future supply of shares from vested awards.
TL;DR: Executive received time‑based equity compensation and used a sale-for-tax to satisfy withholding—standard governance practice.
The filing documents time-based restricted stock units vesting over three years, reinforcing compensation tied to continued service rather than immediate cash payment. The sale of shares solely to meet tax obligations is disclosed and consistent with common plan practices and Rule 10b5-1 considerations when applicable. Reported direct and indirect ownership levels and the sizable RSU balance are relevant to assess long-term incentive alignment but, standing alone, do not indicate any governance concern or material change in control. Disclosure is complete and follows Section 16 reporting requirements.