Patrick S. Watson - 02 Aug 2021 Form 4 Insider Report for KENNAMETAL INC (KMT)

Role
Vice President
Signature
Michelle R. Keating
Issuer symbol
KMT
Transactions as of
02 Aug 2021
Net transactions value
+$34,728
Form type
4
Filing time
03 Aug 2021, 16:34:09 UTC
Previous filing
28 Jul 2021
Next filing
17 Aug 2021
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 $47,959 +1,323 +9.2% $36.25 15,650 02 Aug 2021 Direct F1
transaction KMT Common Stock Tax liability $13,231 -365 -2.3% $36.25 15,285 02 Aug 2021 Direct
transaction KMT Common Stock Other $0 -620 -4.1% $0.000000 14,665 02 Aug 2021 Direct F2, F3

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 -827 -100% $0.000000* 0 02 Aug 2021 Common Stock 827 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 496 performance unit shares vested and distributed as common stock under Kennametal's 2018 Performance Unit Award.
F2 Represents 620 performance unit shares previously reported on Form 4 as deemed earned shares under Kennametal's 2018 Performance Unit Award that have met the performance requirements for distribution as common shares. Previously reported performance unit shares are subject to a relative TSR multiplier, calculated on July 26, 2021 as 80%, approved by the Compensation Committee of Kennametal's Board of Directors, and applied upon vesting. Distributed performance unit shares are separately reported on Form 4 as acquired common stock.
F3 Includes 327.44 shares held in the Kennametal Inc. 401(k) Plan.
F4 1 - for - 1
F5 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 and subject to continued employment with the company.