Megan A. Morgan - Nov 12, 2023 Form 4 Insider Report for KAMAN Corp (KAMN)

Role
VP-HR & CHRO
Signature
/s/ Megan A. Morgan
Stock symbol
KAMN
Transactions as of
Nov 12, 2023
Transactions value $
-$1,876
Form type
4
Date filed
11/14/2023, 02:22 PM
Previous filing
Mar 2, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAMN Kaman Common Stock Tax liability -$1.88K -95 -1.88% $19.75 4.95K Nov 12, 2023 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 5.13K Nov 12, 2023 Kaman Common Stock 5.13K $0.00 Direct F2
holding KAMN Performance-Based Restricted Stock Unit 3.13K Nov 12, 2023 Kaman Common Stock 3.13K $0.00 Direct F3
holding KAMN Performance-Based Restricted Stock Unit 2.06K Nov 12, 2023 Kaman Common Stock 2.06K $0.00 Direct F4
holding KAMN Stock Options (Right to buy) 3.98K Nov 12, 2023 Kaman Common Stock 3.98K $64.48 Direct F5
holding KAMN Stock Options (Right to buy) 3.68K Nov 12, 2023 Kaman Common Stock 3.68K $61.02 Direct 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 Second Amended and Restated 2013 Management Incentive Plan.
F2 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.
F3 Represents 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, 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.
F4 Represents 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, 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.
F5 Exercisable at the rate of 20% 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.