Christopher Rossi - 17 Aug 2021 Form 4 Insider Report for KENNAMETAL INC (KMT)

Role
President and CEO, Director
Signature
Michelle R. Keating
Issuer symbol
KMT
Transactions as of
17 Aug 2021
Net transactions value
+$796,016
Form type
4
Filing time
17 Aug 2021, 14:19:50 UTC
Previous filing
03 Aug 2021
Next filing
24 May 2022
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 $1,460,024 +39,761 +35% $36.72 151,998 16 Aug 2021 Direct
transaction KMT Common Stock Tax liability $664,008 -18,083 -12% $36.72 133,915 16 Aug 2021 Direct
transaction KMT Common Stock Other $0 +34,861 +26% $0.000000 168,776 15 Aug 2021 Direct F1, 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 KMT Restricted Stock Units Options Exercise $0 -17,973 -50% $0.000000 17,973 16 Aug 2021 Common Stock 18 Direct F3, F4
transaction KMT Restricted Stock Units Options Exercise $0 -21,788 -33% $0.000000 43,577 16 Aug 2021 Common Stock 21,788 Direct F3, F4
transaction KMT Restricted Stock Units Award $0 +44,662 $0.000000 44,662 15 Aug 2021 Common Stock 44,662 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 34,861 shares deemed to have been earned by the Compensation Committee of the Board of Directors on July 26, 2021, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2021 under the Kennametal 2020 Stock and Incentive Plan (the "2020 Performance Unit Award".) The vesting and payout of these shares remains subject to the reporting person's continued employment with the Company through August 15, 2023.
F2 Includes 34,861 shares of Performance Unit shares not yet distributed.
F3 1 - for - 1
F4 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.