Carroll K. Lane - Jul 5, 2023 Form 4 Insider Report for KAMAN Corp (KAMN)

Role: SVP & SEGMENT LEAD
Signature: /s/ Carroll K. Lane
Stock symbol: KAMN
Transactions as of: Jul 5, 2023
Transactions value $: $1,199,202
Form type: 4
Date filed: 7/6/2023, 04:22 PM
Previous filing: Feb 23, 2023
Next filing: Feb 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KAMN	Kaman Common Stock	Award	$0	+24.5K	+97.64%	$0.00	49.6K	Jul 5, 2023	Direct	F1
transaction	KAMN	Kaman Common Stock	Tax liability	$0	-1.98K	-4%	$0.00	47.6K	Jul 5, 2023	Direct	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
transaction	KAMN	Stock Options (Right to buy)	Award	$1.2M	+49K		$24.48	49K	Jul 5, 2023	Kaman Common Stock	49K	$24.48	Direct	F3
holding	KAMN	Stock Options (Right to buy)						39.1K	Jul 5, 2023	Kaman Common Stock	39.1K	$31.60	Direct	F3
holding	KAMN	Performance-Based Restricted Stock Unit						18.3K	Jul 5, 2023	Kaman Common Stock	18.3K	$0.00	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Represents a restricted stock award granted under the Kaman Corporation Second Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Restrictions lapse at the rate of 33 1/3% per year, beginning one year following the grant date.
F2	Represents shares withheld from a vested restricted stock award to satisfy tax obligations, as permitted by the Company's Second Amended and Restated 2013 Management Incentive Plan.
F3	Exercisable at the rate of 33 1/3% per year, generally beginning one year after grant date; expires ten (10) years after grant. All options are issued under the Corporation's 16b-3 qualified stock incentive plans. The Plans include a feature which permits the exercise price for an option to be paid by withholding a portion of the shares otherwise issuable upon exercise.
F4	Represents performance-based restricted share units ("PSUs") granted under the Second 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, 2025. 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.