Ian K. Walsh - Mar 1, 2022 Form 4 Insider Report for KAMAN Corp (KAMN)

Role: Chm, Pres & CEO, Director
Signature: /s/ Richard S. Smith, Jr., Power of Attorney for Mr. Walsh
Stock symbol: KAMN
Transactions as of: Mar 1, 2022
Transactions value $: -$87,688
Form type: 4
Date filed: 3/3/2022, 06:55 PM
Previous filing: Feb 24, 2022
Next filing: Feb 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAMN	Kaman Common Stock	Tax liability	-$87.7K	-2.02K	-5.99%	$43.41	31.7K	Mar 1, 2022	Direct	F1

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						41.3K	Mar 1, 2022	Kaman Common Stock	41.3K	$0.00	Direct	F2
holding	KAMN	Performance-Based Restricted Stock Unit						26.1K	Mar 1, 2022	Kaman Common Stock	26.1K	$0.00	Direct	F3
holding	KAMN	Restricted Stock Units						28.2K	Mar 1, 2022	Kaman Common Stock	28.2K	$0.00	Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	Represents shares withheld from a vested restricted stock award to satisfy tax obligations, as permitted by the Company's Amended and Restated 2013 Management Incentive Plan.
F2	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, 2024. 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.
F3	Represents 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.
F4	Each restricted stock unit represents a contingent right to receive one share of Kaman common stock.
F5	The restricted stock units vest three years from the date of grant, provided the reporting person remains employed by the Company through the vesting date.