Key Tronic EVP sells 925 shares after RSU vest
EVP David H. Knaggs had RSUs vest into common stock and sold 925 KTCC shares solely to cover tax withholding.
Rhea-AI Filing Summary
KEY TRONIC CORP (KTCC) executive David H. Knaggs, EVP of Quality and IS, reported a series of equity transactions. On September 3, 2026, 3,695 restricted stock units were converted into the same number of shares of common stock at no cash exercise price as part of a vesting event. The related restricted stock units vest in three equal annual installments on September 3, 2025, 2026 and 2027, subject to time-based vesting conditions, and 29,090 restricted stock units remain directly held afterward. On September 4, 2026, 925 shares of common stock were sold at $2.34 per share in the open market to satisfy tax withholding obligations arising from the vesting. In addition, Knaggs indirectly holds 8,844 shares of common stock through the company’s 401(k) plan as of September 3, 2026. No transactions are reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 925 | $2.34 | $2K |
| Exercise | Restricted Stock Units F1, F4 | 3,695 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 3,695 | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
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 0 shares of common stock acquired by the reporting person under the registrant's 401(k) plan between August 27, 2026 and September, 3, 2026.
- F4. The restricted stock units vest in three equal annual installments on September 3, 2025, 2026 and 2027, subject to time-based vesting conditions.
Key Figures
Key Terms
Restricted Stock Units financial
tax withholding obligations financial
401(k) plan financial
time-based vesting conditions financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did KTCC executive David H. Knaggs report?
How many KEY TRONIC CORP restricted stock units does Knaggs hold after these transactions?
What is the vesting schedule for David H. Knaggs’ KTCC restricted stock units?
Does David H. Knaggs hold KTCC stock through a retirement plan?
Were David H. Knaggs’ KTCC transactions made under a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.