Ian K. Walsh - 01 Mar 2022 Form 4 Insider Report for KAMAN Corp

Role: Chm, Pres & CEO, Director
Signature: /s/ Richard S. Smith, Jr., Power of Attorney for Mr. Walsh
Issuer symbol: N/A
Transactions as of: 01 Mar 2022
Net transactions value: -$87,688
Form type: 4
Filing time: 03 Mar 2022, 18:55:11 UTC
Previous filing: 24 Feb 2022
Next filing: 10 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAMN	Kaman Common Stock	Tax liability	$87,688	-2,020	-6%	$43.41	31,679	01 Mar 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						41,255	01 Mar 2022	Kaman Common Stock	41,255	$0.000000	Direct	F2
holding	KAMN	Performance-Based Restricted Stock Unit						26,065	01 Mar 2022	Kaman Common Stock	26,065	$0.000000	Direct	F3
holding	KAMN	Restricted Stock Units						28,178	01 Mar 2022	Kaman Common Stock	28,178	$0.000000	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.