Ian K. Walsh - Sep 8, 2023 Form 4 Insider Report for KAMAN Corp (KAMN)

Role
Chairman, President & CEO, Director
Signature
/s/ Ian K. Walsh
Stock symbol
KAMN
Transactions as of
Sep 8, 2023
Transactions value $
$0
Form type
4
Date filed
9/11/2023, 03:46 PM
Previous filing
Mar 2, 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 Options Exercise $0 +28.2K +50.48% $0.00 84K Sep 8, 2023 Direct F1, F2
transaction KAMN Kaman Common Stock Tax liability $0 -11.1K -13.21% $0.00 72.9K Sep 8, 2023 Direct F3

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 Restricted Stock Unit Options Exercise $0 -28.2K -100% $0.00* 0 Sep 8, 2023 Kaman Common Stock 28.2K $0.00 Direct F7, F8
holding KAMN Performance-Based Restricted Stock Unit 78.6K Sep 8, 2023 Kaman Common Stock 78.6K $0.00 Direct F4
holding KAMN Performance-Based Restricted Stock Unit 41.3K Sep 8, 2023 Kaman Common Stock 41.3K $0.00 Direct F5
holding KAMN Performance-Based Restricted Stock Unit 26.1K Sep 8, 2023 Kaman Common Stock 26.1K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the settlement of restricted stock units in shares of Kaman common stock on their scheduled vesting date.
F2 Includes the acquisition of 1,093.6132 shares under the Corporation's Employees Stock Purchase Plan, a Rule 16b-3 qualified plan, through 9/8/2023.
F3 Represents shares withheld to satisfy tax obligations upon settlement of a vested restricted stock unit, as permitted by the Company's Second Amended and Restated 2013 Management Incentive Plan.
F4 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, 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.
F5 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, 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.
F6 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.
F7 Each restricted stock unit represents a contingent right to receive one share of Kaman common stock.
F8 The restricted stock units vested three years from the date of grant, provided the reporting person remained employed by the Company through the vesting date. This transaction represents the settlement of restricted stock units in shares of Kaman common stock on their scheduled vesting date.