Franklin Cardenas - Aug 15, 2022 Form 4 Insider Report for KENNAMETAL INC (KMT)

Role
Vice President
Signature
Michelle R. Keating
Stock symbol
KMT
Transactions as of
Aug 15, 2022
Transactions value $
$463,590
Form type
4
Date filed
8/17/2022, 03:36 PM
Previous filing
Jul 27, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMT Common Stock Options Exercise $191K +6.99K +44.28% $27.27 22.8K Aug 15, 2022 Direct
transaction KMT Common Stock Tax liability -$58.1K -2.13K -9.35% $27.27 20.7K Aug 15, 2022 Direct
transaction KMT Common Stock Other $0 +7.73K +37.42% $0.00 28.4K 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 -4.2K -49.99% $0.00 4.2K Aug 15, 2022 Common Stock 4.2K Direct F3, F4
transaction KMT Restricted Stock Units Options Exercise $0 -2.8K -33.33% $0.00 5.6K Aug 15, 2022 Common Stock 2.8K Direct F3, F4
transaction KMT Restricted Stock Units Award $331K +12.1K $27.27 12.1K Aug 15, 2022 Common Stock 12.1K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 7,728 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: 4,637 PSUs granted under the Kennametal Inc. Stock and Incentive Plan of 2016, for the second tranche of the 2020 Performance Unit Award; and 3,091 PSUs granted under the Kennametal Inc. 2020 Stock and Incentive Plan for the first tranche of the 2021 Performance Unit Award.
F2 Includes 556.62 shares held in the Kennametal Inc. 401(k) Plan and 6,714 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.