Key Tronic (KTCC) Insider: 4,619 RSUs Vest; 1,133 Shares Sold at $2.91
Rhea-AI Filing Summary
Philip Scott Hochberg, Executive Vice President, Customer Relations/Integration at Key Tronic Corp (KTCC), reported on Form 4 transactions dated 09/03/2025. 4,619 restricted stock units (RSUs) vested and were reported as acquired, representing the right to receive 4,619 shares of common stock. Concurrently, 1,133 shares were sold in the open market at $2.91 per share to satisfy tax-withholding obligations, leaving the reporting person with 31,934 shares directly and 40,573 shares indirectly (including 100 shares held by his son and 40,573 reported in a 401(k) plan). The RSUs vest in three equal annual installments on September 3, 2025, 2026 and 2027, subject to time-based vesting. The filing is signed and dated 09/05/2025.
Positive
- Timely disclosure of RSU vesting and related open-market sale, demonstrating compliance with Section 16 reporting.
- Significant insider ownership remains with 31,934 shares directly and 40,573 shares indirectly, indicating continued insider alignment with shareholders.
Negative
- Open-market sale of 1,133 shares occurred to cover tax withholding, which modestly reduces the reporting person's direct holdings.
- Vesting increases potential share dilution as 4,619 RSUs convert to common shares upon settlement.
Insights
TL;DR Insider RSUs vested with a small market sale to cover taxes; disclosure is routine and not materially market-moving.
The Form 4 shows time-based restricted stock units vesting (4,619 RSUs) and a partial open-market sale (1,133 shares at $2.91) to satisfy tax withholding. The remaining direct and indirect holdings (31,934 direct; 40,573 indirect) suggest continued insider ownership but do not indicate any change in control or large disposition. This is a standard post-vesting disclosure reflecting compensation mechanics rather than strategic trading.
TL;DR Filing demonstrates compliance with Section 16 reporting and standard tax-withholding practice on RSU vesting.
The report details vesting schedule and tax-related sale, including a disclaimer of beneficial ownership for shares held by the reporting person's son and an explanation of 401(k) plan movement. Documentation of vesting dates, amounts, and tax withholding via sale aligns with routine governance and compensation reporting requirements. No red flags such as unexplained dispositions or large, immediate sales are present.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,619 | $0.00 | -- |
| Exercise | Common Stock | 4,619 | $0.00 | -- |
| Sale | Common Stock | 1,133 | $2.91 | $3K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of common stock. Represents common stock sold in the open market in order to satisfy the reporting person's tax withholding obligations in connection with the vesting of restricted stock units. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Includes a change of 2,755 shares through the issuer's 401(k) plan between March 18, 2020 and September 3, 2025 The restricted stock units vest in three equal annual installments on September 3, 2025, 2026 and 2027, subject to time-based vesting conditions.
