Kennametal (KMT) Director Joseph Alvarado Exercises Options & Receives RSUs

What Happened
Joseph Alvarado, a director of Kennametal Inc. (KMT), exercised or converted derivatives on 2026-08-14 that resulted in the acquisition of 6,092 shares at an exercise price of $31.22 per share (total cash/payroll value shown $190,192). The filing also reports disposals tied to the exercise: 186 shares were disposed to satisfy tax/payment obligations (valued at $31.22 each, $5,807), and additional derivative disposals of 1,860; 1,933; and 2,299 shares are reported at $0 (transaction code M). On 2026-08-15 Alvarado was granted 4,965 restricted stock units (RSUs) (no cash amount). The RSUs are time‑based and vest in three equal annual installments starting on the first anniversary of the grant.

Key Details

• Transaction dates and prices:
  • 2026-08-14: Exercise/conversion (M) — 6,092 shares acquired @ $31.22 = $190,192
  • 2026-08-14: Tax/payment withholding (F) — 186 shares disposed @ $31.22 = $5,807
  • 2026-08-14: Derivative disposals (M) — 1,860; 1,933; 2,299 shares @ $0 (each)
  • 2026-08-15: Grant (A) — 4,965 RSUs @ $0 (award)
• Shares owned after the transactions: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Includes 746.703 shares acquired through Kennametal’s dividend reinvestment plan since last Form 4.
  • F2: “1 for 1” (conversion ratio noted in filing).
  • F3: RSUs are time‑based, disbursed in three equal installments beginning on the first anniversary of the grant.
• Transaction codes: M = exercise/conversion of derivative (option), F = payment of exercise price or tax withholding, A = grant/award.
• Filing timeliness: Report filed 2026-08-18 for transactions on 2026-08-14 — within the SEC’s 2 business‑day Form 4 filing window (timely).

Context

• For retail investors: an option exercise and a contemporaneous RSU grant are common forms of insider compensation. The 6,092-share exercise involved cash value shown ($190,192). The 186-share disposal is explicitly for tax/payment withholding; the zero-dollar derivative disposals reflect conversion/settlement activity reported by the filer.
• RSUs are subject to time-based vesting (three equal installments), so the grant does not represent immediately tradable shares until vesting conditions are met.
• These transactions are disclosures of insider activity and do not, by themselves, indicate the insider’s view on the company’s stock value.