Sanjay Chowbey - 29 Jul 2024 Form 4 Insider Report for KENNAMETAL INC (KMT)

Role
President and CEO, Director
Signature
Michelle R. Keating, as attorney-in-fact
Issuer symbol
KMT
Transactions as of
29 Jul 2024
Net transactions value
$0
Form type
4
Filing time
31 Jul 2024, 17:34:57 UTC
Previous filing
11 Jun 2024
Next filing
02 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMT Common Stock Award $0 +2,010 +4.1% $0.000000 51,280 29 Jul 2024 Direct F1, F4
transaction KMT Common Stock Award $0 +2,909 +5.7% $0.000000 54,189 29 Jul 2024 Direct F2, F4
transaction KMT Common Stock Award $0 +3,137 +5.8% $0.000000 57,326 29 Jul 2024 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 2,010 performance stock units deemed to have been earned by the Compensation and Human Capital Committee ("the Committee") on July 29, 2024, with respect to the third tranche of the Performance Unit Award granted to the reporting person on August 15, 2021, under the Kennametal Inc. 2020 Stock and Incentive Plan (the "2021 Performance Unit Award".) On July 29, 2024, the Committee approved adjusted ROIC payout multiple at 67.3% for the third tranche of the 2021 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2024.
F2 Represents 2,909 performance stock units deemed to have been earned by the Compensation and Human Capital Committee ("the Committee") on July 29, 2024, with respect to the second tranche of the Performance Unit Award granted to the reporting person on August 15, 2022 (the "2022 Performance Unit Award"), under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 29, 2024, the Committee approved adjusted ROIC payout multiple at 67.3% for the second tranche of the 2022 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2025.
F3 Represents 3,137 performance stock units deemed to have been earned by the Compensation and Human Capital Committee ("the Committee") on July 29, 2024, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2023 (the "2023 Performance Unit Award"), under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 29, 2024, the Committee approved adjusted ROIC payout multiple at 67.3% for the first tranche of the 2023 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2026.
F4 Includes 261.27 shares held in the Kennametal Inc. 401(k) Plan.