Damon J. Audia - 02 Aug 2021 Form 4 Insider Report for KENNAMETAL INC (KMT)

Role: Vice President
Signature: Michelle R. Keating
Issuer symbol: KMT
Transactions as of: 02 Aug 2021
Net transactions value: +$79,714
Form type: 4
Filing time: 03 Aug 2021, 14:58:41 UTC
Previous filing: 28 Jul 2021
Next filing: 17 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KMT	Common Stock	Options Exercise	$144,601	+3,989	+9.2%	$36.25	47,208	02 Aug 2021	Direct	F1
transaction	KMT	Common Stock	Tax liability	$64,888	-1,790	-3.8%	$36.25	45,418	02 Aug 2021	Direct
transaction	KMT	Common Stock	Other	$0	-4,986	-11%	$0.000000	40,432	02 Aug 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.