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

Role
President and CEO, Director
Signature
Michelle R. Keating
Stock symbol
KMT
Transactions as of
Aug 15, 2022
Transactions value $
$2,795,802
Form type
4
Date filed
8/17/2022, 02:42 PM
Previous filing
Jul 27, 2022
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMT Common Stock Options Exercise $1.49M +54.6K +31.77% $27.27 227K Aug 15, 2022 Direct
transaction KMT Common Stock Tax liability -$604K -22.2K -9.78% $27.27 205K Aug 15, 2022 Direct
transaction KMT Common Stock Other $0 +40.5K +19.82% $0.00 245K Aug 15, 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 -18K -100% $0.00* 0 Aug 15, 2022 Common Stock 18K Direct F3, F4
transaction KMT Restricted Stock Units Options Exercise $0 -21.8K -50% $0.00 21.8K Aug 15, 2022 Common Stock 21.8K Direct F3, F4
transaction KMT Restricted Stock Units Options Exercise $0 -14.9K -33.33% $0.00 29.8K Aug 15, 2022 Common Stock 14.9K Direct F3, F4
transaction KMT Restricted Stock Units Award $1.91M +70K $27.27 70K Aug 15, 2022 Common Stock 70K 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.