Richard Stanley Smith Jr. - 20 Feb 2024 Form 4 Insider Report for KAMAN Corp

Role
SVP GEN COUNSEL & SECRETARY
Signature
/s/ Richard S. Smith, Jr.
Issuer symbol
N/A
Transactions as of
20 Feb 2024
Net transactions value
+$35,726
Form type
4
Filing time
21 Feb 2024, 17:23:33 UTC
Previous filing
20 Feb 2024
Next filing
23 Apr 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 +4,950 +17% $0.000000 33,968 20 Feb 2024 Direct F1
transaction KAMN Kaman Common Stock Options Exercise $35,726 +789 +2.3% $45.28 34,757 20 Feb 2024 Direct F2

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 +4,950 $0.000000 4,950 20 Feb 2024 Kaman Common Stock 4,950 $0.000000 Direct F3
transaction KAMN Performance-Based Restricted Stock Unit Options Exercise $0 -789 -100% $0.000000* 0 20 Feb 2024 Kaman Corporation 789 $0.000000 Direct F2
holding KAMN Performance-Based Restricted Stock Unit 12,995 20 Feb 2024 Kaman Common Stock 12,995 $0.000000 Direct F4
holding KAMN Performance-Based Restricted Stock Unit 2,120 20 Feb 2024 Kaman Common Stock 2,120 $0.000000 Direct F5
holding KAMN Stock Options (Right to buy) 7,635 20 Feb 2024 Kaman Common Stock 7,635 $64.48 Direct F6
holding KAMN Stock Options (Right to buy) 7,045 20 Feb 2024 Kaman Common Stock 7,045 $61.02 Direct F6
holding KAMN Stock Options (Right to buy) 7,575 20 Feb 2024 Kaman Common Stock 7,575 $62.46 Direct F6
holding KAMN Stock Options (Right to buy) 8,430 20 Feb 2024 Kaman Common Stock 8,430 $51.97 Direct F6
holding KAMN Stock Options (Right to buy) 8,095 20 Feb 2024 Kaman Common Stock 8,095 $42.86 Direct F6
holding KAMN Stock Options (Right to buy) 4,310 20 Feb 2024 Kaman Common Stock 4,310 $39.54 Direct F6
* 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 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 1,450 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.
F3 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.
F4 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.
F5 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.
F6 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.