Carroll K. Lane - Feb 20, 2024 Form 4 Insider Report for KAMAN Corp (KAMN)

Role: SVP SEGMENT LEAD & INTERIM CFO
Signature: /s/ Carroll K. Lane
Stock symbol: KAMN
Transactions as of: Feb 20, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/21/2024, 05:17 PM
Previous filing: Jul 6, 2023
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	+7.2K	+15.12%	$0.00	54.8K	Feb 20, 2024	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
transaction	KAMN	Performance Based Restricted Stock Unit	Award	$0	+7.2K		$0.00	7.2K	Feb 20, 2024	Kaman Common Stock	7.2K	$0.00	Direct	F2
holding	KAMN	Performance-Based Restricted Stock Unit						18.3K	Feb 20, 2024	Kaman Common Stock	18.3K	$0.00	Direct	F3
holding	KAMN	Stock Options (Right to buy)						49K	Feb 20, 2024	Kaman Common Stock	49K	$24.48	Direct	F4
holding	KAMN	Stock Options (Right to buy)						39.1K	Feb 20, 2024	Kaman Common Stock	39.1K	$31.60	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 performance-based restricted share units ("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.
F3	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.
F4	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.