Company: KEQU
Filing Date: 2025-07-07
Form Type: DEF 14A
Source: 0001140361-25-025051
Chunk: 20

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-07-07
Form: DEF 14A
Chunk 20
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257,328 |          |     | ​—       |          |     | ​201,722 |         |     |        154,311 |        |     |       23,021 |           |     |  ​636,382 |
|                                                    | 2024 |     |      | 249,833 |     |         | ​—       |     |          |  ​85,309 |     |          | 193,309 |     |                | 23,214 |     |              |   551,665 |     |           |

| (1) | The amount listed for Mr. Gardner represents a retention bonus paid by the Company. On June 26, 2024, the Company and Mr. Gardner entered into a Retention Bonus Agreement, pursuant to which he was paid the retention bonus. The bonus is subject to forfeiture if Mr. Gardner voluntarily resigns from employment with the Company other than for “good reason” or if the Company terminates Mr. Gardner’s employment for “cause” before June 26, 2027. “Good reason” and “cause” have the meanings set forth in Mr. Gardner’s Change of Control Agreement with the Company. |

| (2) | For 2025 as well as 2024 this reflects the aggregate grant date fair value of RSUs computed in accordance with FASB ASC Topic 718, excluding the effect of estimated forfeitures. The fair value is determined based on the average of the high and low trading prices of our stock on the grant date. See Note 9 to the Consolidated Financial Statements included in the Company’s 2025 Annual Report on Form 10-K for a discussion of the assumptions underlying the value of the RSUs. See “Annual Incentive Compensation” and “Long-Term Incentive Plan” on page12for a discussion of the vesting conditions applicable to RSUs. |

| (3) | The amounts represent bonuses paid under the Company’s annual incentive plan. . |

| (4) | The amounts listed for each named executive officer consist of matching and non-matching contributions made or accrued by the Company on behalf of that executive officer to the Company’s 401(k) Incentive Savings Plan and 401 Plus Executive Deferred Compensation Plan. The 2025 matching contributions made by the Company for the 401(k) Incentive Savings Plan were $2,502, $12,882 and $9,502 for Messrs. Hull, Gardner and Batdor