Kristen M. Samson - Feb 20, 2024 Form 4 Insider Report for KAMAN Corp (KAMN)

Signature
/s/ Kristen M. Samson
Stock symbol
KAMN
Transactions as of
Feb 20, 2024
Transactions value $
$32,420
Form type
4
Date filed
2/21/2024, 05:00 PM
Previous filing
Jan 19, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAMN Kaman Common Stock Award $0 +1.89K +42.05% $0.00 6.37K Feb 20, 2024 Direct F1, F2, F3
transaction KAMN Kaman Common Stock Options Exercise $50.8K +1.12K +17.6% $45.28 7.49K Feb 20, 2024 Direct F4
transaction KAMN Kaman Common Stock Tax liability -$18.3K -405 -5.41% $45.28 7.08K Feb 20, 2024 Direct F5

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 +1.89K $0.00 1.89K Feb 20, 2024 Kaman Common Stock 1.89K $0.00 Direct F6
transaction KAMN Performance-Based Restricted Stock Unit Options Exercise $0 -1.12K -100% $0.00* 0 Feb 20, 2024 Kaman Common Stock 1.12K $0.00 Direct F4
holding KAMN Performance-Based Restricted Stock Unit 4.81K Feb 20, 2024 Kaman Common Stock 4.81K $0.00 Direct F7
holding KAMN Performance-Based Restricted Stock Unit 3.01K Feb 20, 2024 Kaman Common Stock 3.01K $0.00 Direct F8
* 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 98.716688 shares under the Kaman Corporation Amended and Restated Employee Stock Purchase Plan, a Rule 16b-3 qualified plan, through 2/19/2024.
F3 Includes the acquisition of 15.859075 shares under the Dividend Reinvestment Program through 2/19/2024.
F4 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 2,060 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.
F5 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.
F6 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.
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, 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.
F8 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.