Patrick S. Watson - 25 Jul 2022 Form 4 Insider Report for KENNAMETAL INC (KMT)

Signature
Michelle R. Keating
Issuer symbol
KMT
Transactions as of
25 Jul 2022
Net transactions value
$0
Form type
4
Filing time
27 Jul 2022, 17:39:04 UTC
Previous filing
15 Nov 2021
Next filing
17 Aug 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KMT Common Stock Other $0 +1,537 +9.6% $0.000000 17,561 25 Jul 2022 Direct F1
transaction KMT Common Stock Other $0 +726 +4.3% $0.000000 17,561 25 Jul 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 1,537 performance stock units deemed to have been earned by the Compensation and Human Capital Committee ("the Committee") on July 25, 2022, with respect to the second tranche of the Performance Unit Award granted to the reporting person on August 15, 2020, under the Kennametal Inc. Stock and Incentive Plan of 2016 (the "2020 Performance Unit Award".) On July 25, 2022, the Committee approved adjusted ROIC payout multiple at 110.5% for the second tranche of the 2020 Performance Unit Award; vesting and actual distribution of these shares remain subject to determination of a TSR multiplier and the reporting person's continued employment with the Company through August 15, 2023.
F2 Represents 726 performance stock units deemed to have been earned by the Compensation and Human Capital Committee ("the Committee") on July 25, 2022, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2021 (the "2021 Performance Unit Award"), under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 25, 2022, the Committee approved adjusted ROIC payout multiple at 110.5% for the first tranche of the 2021 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2024.
F3 Includes 335.57 shares held in the Kennametal Inc. 401(k) Plan and 2,226 performance stock units not yet distributed.