Key Tronic CEO exercises 11,990 RSUs, sells 2,957
KEY TRONIC CORP (KTCC) reported that Chief Executive Officer Brett R. Larsen exercised 11,990 Restricted Stock Units into an equal number of shares of common stock on August 27, 2026.
Rhea-AI Filing Summary
KEY TRONIC CORP (KTCC) reported that Chief Executive Officer Brett R. Larsen exercised 11,990 Restricted Stock Units into an equal number of shares of common stock on August 27, 2026. On the same date, he sold 2,957 shares at $3.73 per share in open-market transactions to satisfy tax withholding obligations related to the RSU vesting. After these transactions, he directly held 65,572 shares of common stock. He also indirectly held 41,102 shares through a 401(k) plan, including 1,819 shares acquired in that plan between September 3, 2025 and August 27, 2026. The reported restricted stock units vest in three equal annual installments on August 21, 2026, 2027 and 2028, subject to time-based vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Larsen Brett R.
Role
Chief Executive Officer
Sold
2,957 shs ($11K)
Approx. gross sale proceeds
$11K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F4 | 11,990 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 11,990 | -- | -- |
| Sale | Common Stock F2 | 2,957 | $3.73 | $11K |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 65,572 contracts (Direct);
Common Stock — 28,284 shares (Direct);
Common Stock — 41,102 shares (Indirect, By 401(k) Plan)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock.
- F2. 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.
- F3. Includes 1819 shares of common stock acquired by the reporting person under the registrant's 401(k) plan between September 3, 2025, and August 27, 2026.
- F4. The restricted stock units vest in three equal annual installments on August 21, 2026, 2027 and 2028, subject to time-based vesting conditions.
Key Figures
RSUs exercised: 11,990 units
Shares sold: 2,957 shares
Sale price: $3.73 per share
+5 more
8 metrics
RSUs exercised
11,990 units
Restricted Stock Units converted into common stock on August 27, 2026
Shares sold
2,957 shares
Common stock sold in open market to satisfy tax withholding on August 27, 2026
Sale price
$3.73 per share
Price for 2,957 common shares sold on August 27, 2026
Direct holdings after transaction
65,572 shares
Direct KTCC common stock held by Brett R. Larsen following reported transactions
Indirect 401(k) holdings
41,102 shares
KTCC common stock held indirectly through a 401(k) plan as of the report
401(k) shares acquired in period
1,819 shares
Shares acquired under the 401(k) plan between September 3, 2025 and August 27, 2026
Exercise transactions
11,990 shares
Exercise or conversion of derivative securities as summarized in the filing
Net buy/sell shares
-2,957 shares
Net of common shares sold versus purchased in reported non-derivative transactions
Key Terms
Restricted Stock Units, time-based vesting conditions, 401(k) plan
3 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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.
time-based vesting conditions financial
"The restricted stock units vest in three equal annual installments ... subject to time-based vesting conditions"
401(k) plan financial
"Includes 1819 shares of common stock acquired ... under the registrant's 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What RSU transaction did KTCC CEO Brett R. Larsen report on this Form 4?
Brett R. Larsen exercised 11,990 Restricted Stock Units into 11,990 shares of KEY TRONIC CORP common stock on August 27, 2026. Each RSU represents a contingent right to receive one share of common stock, and these units are subject to time-based vesting conditions.
What indirect KTCC holdings does the CEO report through the 401(k) plan?
Brett R. Larsen indirectly held 41,102 KTCC shares through a 401(k) plan as of the report. This amount includes 1,819 shares acquired under KEY TRONIC CORP’s 401(k) plan between September 3, 2025 and August 27, 2026, as disclosed in the footnotes.
How do the reported KTCC restricted stock units vest for the CEO?
The reported restricted stock units for Brett R. Larsen vest in three equal annual installments on August 21, 2026, 2027 and 2028. Vesting is subject to time-based vesting conditions, as stated in the filing’s footnotes.
Does the Form 4 indicate discretionary selling by the KTCC CEO?
The filing states that the 2,957 shares were sold in the open market to satisfy tax withholding obligations in connection with RSU vesting. It does not describe those sales as discretionary trading beyond that tax-related purpose.
AI-generated analysis. How Rhea-AI works. Not financial advice.
