Damon J. Audia - Jul 26, 2021 Form 4 Insider Report for KENNAMETAL INC (KMT)

Signature
Michelle R. Keating
Stock symbol
KMT
Transactions as of
Jul 26, 2021
Transactions value $
$0
Form type
4
Date filed
7/28/2021, 01:45 PM
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMT Common Stock Other $0 +3.99K +10.17% $0.00 43.2K Jul 26, 2021 Direct F1
transaction KMT Common Stock Other $0 +9.66K +28.78% $0.00 43.2K Jul 26, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 4,986 performance unit shares previously reported on Form 4 as deemed earned by the Compensation Committee of the Board of Directors of Kennametal Inc. (the Compensation Committee), under Kennametal's 2018 Performance Unit awards that have met the performance requirement for distribution as common shares. Previously reported deemed earned performance unit shares for 2018 Performance Unit awards are subject to a relative TSR multiplier, calculated as 80%, and approved by the Compensation Committee on July 26, 2021. The vesting and actual payout of the shares remains subject to the reporting person's continued employment with the Company through August 1, 2021.
F2 Represents 9,658 shares deemed to have been earned by the Compensation Committee on July 26, 2021, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2020, under the Kennametal Inc. Stock and Incentive Plan of 2016 (the "2020 Performance Unit Award".) The vesting and actual payout of these shares remains subject to the reporting person's continued employment with the Company through August 15, 2023.
F3 Includes 4,986 shares of Performance Unit shares not yet distributed.