Franklin Cardenas - 15 Aug 2021 Form 4 Insider Report for KENNAMETAL INC (KMT)

Role
Vice President
Signature
Michelle R. Keating
Issuer symbol
KMT
Transactions as of
15 Aug 2021
Net transactions value
+$107,149
Form type
4
Filing time
17 Aug 2021, 15:55:16 UTC
Previous filing
28 Jul 2021
Next filing
02 Mar 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 $154,077 +4,196 +135% $36.72 7,312 16 Aug 2021 Direct
transaction KMT Common Stock Tax liability $46,928 -1,278 -17% $36.72 6,034 16 Aug 2021 Direct
transaction KMT Common Stock Other $0 +6,714 +111% $0.000000 12,748 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 -4,196 -33% $0.000000 8,393 16 Aug 2021 Common Stock 4,196 Direct F3, F4
transaction KMT Restricted Stock Units Award $0 +8,392 $0.000000 8,392 15 Aug 2021 Common Stock 8,392 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 6,714 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 payment of these shares remains subject to the reporting person's continued employment with the Company through August 15, 2023.
F2 Includes 310.28 shares of common stock held in the Kennametal Inc. 401(k) Plan and 6,714 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, subject to continued employment with the company.