Michelle R. Keating - 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 $
$73,370
Form type
4
Date filed
8/3/2021, 03:46 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 $103K +2.83K +24.36% $36.25 14.4K Aug 2, 2021 Direct F1
transaction KMT Common Stock Tax liability -$29.2K -806 -5.58% $36.25 13.6K Aug 2, 2021 Direct
transaction KMT Common Stock Other $0 -2.03K -14.9% $0.00 11.6K Aug 2, 2021 Direct F2, F3

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 KMT Restricted Stock Units Options Exercise $0 -1.21K -100% $0.00* 0 Aug 2, 2021 Common Stock 1.21K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1,625 performance unit shares vested and distributed as common stock under Kennametal's 2018 Performance Unit Award.
F2 Represents 2,032 performance unit shares previously reported on Form 4 as deemed earned shares under Kennametal's 2018 Performance Unit Award 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.
F3 Includes 68.160 shares held in the Kennametal Inc. 401(k) Plan.
F4 1 - for - 1
F5 Restricted stock units are subject to time-based vesting and are disbursed in three equal annual installments, commencing on the first anniversary date of the grant date and subject to continued employment with the company.