Rafael Zev Cohen - Feb 18, 2022 Form 4 Insider Report for KAMAN Corp (KAMN)

Role: VP IT & Cybersecurity
Signature: /s/ Rafael Cohen
Stock symbol: KAMN
Transactions as of: Feb 18, 2022
Transactions value $: -$14,093
Form type: 4
Date filed: 2/23/2022, 03:40 PM
Previous filing: Feb 11, 2022
Next filing: Feb 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAMN	Kaman Common Stock	Tax liability	-$14.1K	-332	-21.67%	$42.45	1.2K	Feb 18, 2022	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	KAMN	Performance-Based Restricted Stock Unit						1.13K	Feb 18, 2022	Kaman Common Stock	1.13K	$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld from restricted stock awards to satisfy tax withholding obligations arising from the reporting person becoming retirement eligible, as permitted by the Company's Amended and Restated 2013 Management Incentive Plan.
F2	Includes the acquisition of 31.5881 shares under the Corporation's Employees Stock Purchase Plan, a Rule 16b-3 qualified plan, through 2/22/2022.
F3	Represents performance-based restricted share units ("PSUs") granted under the Amended and Restated Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2023. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.