Company: KEQU
Filing Date: 2025-07-07
Form Type: DEF 14A
Source: 0001140361-25-025051
Chunk: 21

Company: KEWAUNEE SCIENTIFIC CORP /DE/
Filing Date: 2025-07-07
Form: DEF 14A
Chunk 21
---
 |                — |     |                — |
|                       |     | 1,069(5)     |     |        33,855 |     |            5,609 |     |          177,637 |
|                       |     | 1,657(6)     |     |        52,477 |     |         2,485(6) |     |           78,700 |

| (1) | Represents unvested time-based RSUs. Time-based RSUs will vest in equal installments on each anniversary of the grant date over a three-year period. |

| (2) | Represents unvested performance-based RSUs. Performance-based RSUs will vest following a three-year performance period based on the achievement of performance targets over such period. The performance targets for these performance-based awards relate to financial and non-financial improvements over the three year performance period. Attainment of the financial component of the plan is contingent upon achieving specific EBITDA targets. Amounts shown represent achievement of performance goals. |

| (3) | The closing trading price for the Company’s common stock was $31.67 on April 30, 2025. |

| (4) | RSUs granted on June 29, 2022. |

| (5) | RSUs granted on June 28, 2023. Amounts shown assume achievement of performance goals at maximum achievement. |

| (6) | RSUs granted on June 26, 2024. Amounts shown assume achievement of performance goals at target achievement. |

15

Payments upon Termination or Change in Control The following table includes information regarding the estimated amount of payments and other benefits each named executive officer would receive if his employment with the Company was terminated on April 30, 2025.

| Name and Benefits                 |     |    Termination Without 
 Cause and no Change in 
         Control ($)(1) |     |            Termination Without 
           Cause or Good Reason 
 after Change in Control ($)(2) |
| Thomas D. Hull III                |     |                        |     |                                |
| Base salary                       |     |               $494,560 |     |                       $989,120 |
| Annual bonus                      |     |                      — |     |                        741,840 |
| Medical & disability insurance(3) |     |                 19,251 |     |                              — |
| Total                             |     |               $513,811 |     |                     $1