Stock Compensation (Tables)

3 Months Ended

Sep. 30, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value

Type of Award	Quarter Awarded	Targeted Shares or Units	Grant Date Fair Value (4)
Performance Units (1)	1st Quarter	152,034	$7.33
Restricted Stock Units (2)	1st Quarter	379,087	$7.83
Unrestricted Shares (3)	1st Quarter	21,318	$7.77

(1) Performance units were awarded to key officers. Vesting occurs at June 30, 2025. Participants will earn from 0% to 200% of the target award depending upon the compound annual growth rate of Kimball International’s adjusted earnings per share at the end of the performance period. The maximum number of units that can be issued under these awards is 304,068.

(2) Restricted stock units were awarded to officers and key employees. Vesting occurs at June 30, 2025. Upon vesting, the outstanding number of restricted stock units and the value of dividends accumulated over the vesting period are converted to shares of common stock.

(3) Unrestricted shares were awarded to non-employee members of the Board of Directors as consideration for service to Kimball International and do not have vesting periods, holding periods, restrictions on sale, or other restrictions.

(4) The grant date fair value of the performance units was based on the stock price at the date of the award, reduced by the present value of dividends normally paid over the vesting period which are not payable on outstanding performance units. The grant date fair value of the restricted stock units and unrestricted shares was based on the stock price at the date of the award.