Damon J. Audia - Aug 2, 2021 Form 4 Insider Report for KENNAMETAL INC (KMT)

Role: Vice President
Signature: Michelle R. Keating
Stock symbol: KMT
Transactions as of: Aug 2, 2021
Transactions value $: $79,714
Form type: 4
Date filed: 8/3/2021, 02:58 PM
Previous filing: Jul 28, 2021
Next filing: Aug 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KMT	Common Stock	Options Exercise	$145K	+3.99K	+9.23%	$36.25	47.2K	Aug 2, 2021	Direct	F1
transaction	KMT	Common Stock	Tax liability	-$64.9K	-1.79K	-3.79%	$36.25	45.4K	Aug 2, 2021	Direct
transaction	KMT	Common Stock	Other	$0	-4.99K	-10.98%	$0.00	40.4K	Aug 2, 2021	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 3,989 performance unit shares vested and distributed as common stock under Kennametal's 2018 Performance Unit Awards.
F2	Represents 4,986 performance unit shares previously reported on Form 4 as deemed earned shares under Kennametal's 2018 Performance Unit Awards that have met the performance requirements for distribution as common shares. Previously reported performance unit shares are subject to a relative TSR multiplier, calculated on July 26, 2021 as 80%, approved by the Compensation Committee of Kennametal's Board of Directors, and applied upon vesting. Distributed performance unit shares are separately reported on Form 4 as acquired common stock.

Content

Represents 3,989 performance unit shares vested and distributed as common stock under Kennametal's 2018 Performance Unit Awards.

Represents 4,986 performance unit shares previously reported on Form 4 as deemed earned shares under Kennametal's 2018 Performance Unit Awards that have met the performance requirements for distribution as common shares. Previously reported performance unit shares are subject to a relative TSR multiplier, calculated on July 26, 2021 as 80%, approved by the Compensation Committee of Kennametal's Board of Directors, and applied upon vesting. Distributed performance unit shares are separately reported on Form 4 as acquired common stock.