Ian K. Walsh - 08 Sep 2023 Form 4 Insider Report for KAMAN Corp

Reporting relationship: Chairman, President & CEO, Director
Issuer ticker: N/A
Reported as of: 08 Sep 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 11 Sep 2023, 15:46:23 UTC
Prior SEC filing: 02 Mar 2023
Next SEC filing: 21 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Ian K. Walsh

Key filing fact

Ian K. Walsh filed Form 4 for KAMAN Corp on 11 Sep 2023.

Key facts

This page summarizes Ian K. Walsh's Form 4 filing for KAMAN Corp.
3 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 11 Sep 2023, 15:46.

Change

Previous filing in this sequence was filed on 02 Mar 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

KAMN transaction

Kaman Common Stock

Options Exercise

Transaction value: $0
Shares: +28,178
Change %: +50%
Price: $0.000000
Shares after: 84,000
Date: 08 Sep 2023
Ownership: Direct
Footnotes: F1, F2

KAMN transaction

Kaman Common Stock

Tax liability

Transaction value: $0
Shares: -11,100
Change %: -13%
Price: $0.000000
Shares after: 72,900
Date: 08 Sep 2023
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

KAMN transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -28,178
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 08 Sep 2023
Ownership: Direct
Underlying class: Kaman Common Stock
Underlying amount: 28,178
Exercise price: $0.000000
Footnotes: F7, F8

KAMN holding Derivative

Performance-Based Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 78,610
Date: 08 Sep 2023
Ownership: Direct
Underlying class: Kaman Common Stock
Underlying amount: 78,610
Exercise price: $0.000000
Footnotes: F4

KAMN holding Derivative

Performance-Based Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 41,255
Date: 08 Sep 2023
Ownership: Direct
Underlying class: Kaman Common Stock
Underlying amount: 41,255
Exercise price: $0.000000
Footnotes: F5

KAMN holding Derivative

Performance-Based Restricted Stock Unit

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,065
Date: 08 Sep 2023
Ownership: Direct
Underlying class: Kaman Common Stock
Underlying amount: 26,065
Exercise price: $0.000000
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

This transaction represents the settlement of restricted stock units in shares of Kaman common stock on their scheduled vesting date.

Footnote F2

Includes the acquisition of 1,093.6132 shares under the Corporation's Employees Stock Purchase Plan, a Rule 16b-3 qualified plan, through 9/8/2023.

Footnote F3

Represents shares withheld to satisfy tax obligations upon settlement of a vested restricted stock unit, as permitted by the Company's Second Amended and Restated 2013 Management Incentive Plan.

Footnote F4

Represents performance-based restricted share units ("PSUs") granted under the Amended and Restated Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2025. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.

Footnote F5

Represents PSUs granted under the Amended and Restated Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2024. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.

Footnote F6

Represents PSUs granted under the Amended and Restated Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2023. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.

Footnote F7

Each restricted stock unit represents a contingent right to receive one share of Kaman common stock.

Footnote F8

The restricted stock units vested three years from the date of grant, provided the reporting person remained employed by the Company through the vesting date. This transaction represents the settlement of restricted stock units in shares of Kaman common stock on their scheduled vesting date.