KEWAUNEE SCIENTIFIC CORP /DE/ — Director's Dealing 2021

Jul 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)
CIK: 0000055529
Period of Report: 2021-07-16

Reporting Person: Noble Ryan S. (VP-Sales & Marketing-Americas)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-16	Common Stock	M	197	—	Acquired	2518	Direct
2021-07-16	Common Stock	F	57	$13.34	Disposed	2461	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-16	Restricted Stock Units	$	M	197	Disposed		Common Stock (197.0)	Direct

Footnotes

F1: Restricted stock units convert to common stock on a one-for-one basis.

F2: The award of restricted stock units shall vest as follows: (a) 30% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on July 16, 2019, subject to the reporting person's continued employment with the Company; and (b) 70% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that will vest only if performance goals are achieved over a three-year period. The actual number of units (if any) received under this award will depend on continued employment and actual performance over the three-year performance period.

F3: The performance-based restricted stock units subject to the award expired on July 16, 2021 as a result of the Company's failure to achieve the applicable performance goals over the three-year period.