Ian K. Walsh - 20 Feb 2024 Form 4 Insider Report for KAMAN Corp

Role: Chairman, President & CEO, Director
Signature: /s/ Ian K. Walsh
Issuer symbol: N/A
Transactions as of: 20 Feb 2024
Net transactions value: +$439,759
Form type: 4
Filing time: 21 Feb 2024, 16:57:16 UTC
Previous filing: 11 Sep 2023
Next filing: 04 Mar 2024
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	Award	$0	+31,205	+43%	$0.000000	104,125	20 Feb 2024	Direct	F1, F2
transaction	KAMN	Kaman Common Stock	Options Exercise	$642,070	+14,180	+14%	$45.28	118,305	20 Feb 2024	Direct	F2, F3
transaction	KAMN	Kaman Common Stock	Tax liability	$202,311	-4,468	-3.8%	$45.28	113,837	20 Feb 2024	Direct	F2, F4

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	Performance-Based Restricted Stock Unit	Award	$0	+31,205		$0.000000	31,205	20 Feb 2024	Kaman Common Stock	31,205	$0.000000	Direct	F5
transaction	KAMN	Performance-Based Restricted Stock Unit	Options Exercise	$0	-14,180	-100%	$0.000000^*	0	20 Feb 2024	Kaman Common Stock	14,180	$0.000000	Direct	F3
holding	KAMN	Performance-Based Restricted Stock Unit						78,610	20 Feb 2024	Kaman Common Stock	78,610	$0.000000	Direct	F6
holding	KAMN	Performance-Based Restricted Stock Unit						41,255	20 Feb 2024	Kaman Common Stock	41,255	$0.000000	Direct	F7

* 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 March 1 of the year following the grant date.
F2	Includes the acquisition of 20.06267 shares under the Kaman Corporation Amended and Restated Employee Stock Purchase Plan, a Rule 16b-3 qualified plan, through 2/19/2024.
F3	Represents the settlement of performance-based restricted share units ("PSUs") under the Kaman Corporation Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. The number of PSUs was previously reported as 26,065 at 100% target and the amount herein reflects the final number of PSUs earned based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2023.
F4	Represents shares withheld from a vested PSU to satisfy tax withholding obligations, as permitted by the Company's Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan.
F5	Represents PSUs granted under the Kaman Corporation Second Amended and Restated 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, 2026. 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 Kaman Corporation Amended and Restated 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.
F7	Represents PSUs granted under the Kaman Corporation Amended and Restated 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.