Christopher Rossi - 15 Aug 2022 Form 4 Insider Report for KENNAMETAL INC (KMT)

Role
President and CEO, Director
Signature
Michelle R. Keating
Issuer symbol
KMT
Transactions as of
15 Aug 2022
Net transactions value
+$2,795,802
Form type
4
Filing time
17 Aug 2022, 14:42:32 UTC
Previous filing
27 Jul 2022
Next filing
23 May 2023
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 $1,490,251 +54,648 +32% $27.27 226,659 15 Aug 2022 Direct
transaction KMT Common Stock Tax liability $604,221 -22,157 -9.8% $27.27 204,502 15 Aug 2022 Direct
transaction KMT Common Stock Other $0 +40,525 +20% $0.000000 245,027 15 Aug 2022 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 -100% $0.000000* 0 15 Aug 2022 Common Stock 17,973 Direct F3, F4
transaction KMT Restricted Stock Units Options Exercise $0 -21,788 -50% $0.000000 21,789 15 Aug 2022 Common Stock 21,788 Direct F3, F4
transaction KMT Restricted Stock Units Options Exercise $0 -14,887 -33% $0.000000 29,775 15 Aug 2022 Common Stock 14,887 Direct F3, F4
transaction KMT Restricted Stock Units Award $1,909,773 +70,032 $27.27 70,032 15 Aug 2022 Common Stock 70,032 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 40,525 performance stock units (PSUs) deemed to have been earned by the Compensation and Human Capital Committee of the Board of Directors on July 25, 2022 with respect to the 2020 and 2021 Performance Unit Awards granted to the reporting person on August 15, 2022 as follows: 24,076 PSUs granted under the Kennametal Inc. Stock and Incentive Plan of 2016 for the second tranche of the 2020 Performance Unit Award; and 16,449 PSUs granted under the Kennametal Inc. 2020 Stock and Incentive Plan for the fist tranche of the 2021 Performance Unit Award.
F2 Includes 34,861 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.