[Form 4] KEY Tronic Corp Insider Trading Activity
Duane D. Mackleit, Executive Vice President of Operations at Key Tronic Corp (KTCC), reported changes in his beneficial ownership on September 3, 2025. He was granted 3,695 restricted stock units (RSUs) that vest in three equal annual installments beginning September 3, 2025, each RSU converting into one share on vesting. To cover tax withholding on vesting, he sold 911 shares in the open market at $2.89 per share. After these transactions he reports 11,898 shares held directly and 50,902 shares indirectly (including 14,320 shares acquired under the company 401(k) plan).
- 3,695 RSUs granted with time-based vesting over three years, promoting retention
- Significant indirect ownership of 50,902 shares (includes 14,320 shares via 401(k)), indicating alignment with long-term performance
- 911 shares sold in the open market at $2.89, reducing direct holdings (transaction was to satisfy tax withholding)
Insights
TL;DR: Insider received time-based RSUs and sold a small number of shares to meet tax obligations; overall ownership profile remains stable.
The grant of 3,695 restricted stock units aligns executive compensation with shareholder value over a multi-year vesting schedule, which supports retention incentives. The sale of 911 shares at $2.89 was executed to satisfy tax withholding and does not appear to reflect a change in confidence. The reporting person continues to hold a meaningful indirect position via the 401(k) plan, which indicates ongoing alignment with long-term shareholder outcomes.
TL;DR: Transaction is routine: time-based equity grant plus small market sale for taxes; no material dilution or debt changes reported.
From a market perspective, the RSU grant increases potential future share issuance when vested but the amount (3,695 shares) is modest relative to typical public-company floats. The open-market sale of 911 shares at $2.89 was tax-driven per the filing. Combined direct and indirect holdings suggest continued executive exposure to KTCC equity performance.