Kennametal Director Richard Harshman Receives RSU and Stock‑Credit Awards

What Happened Richard J. Harshman, a director of Kennametal Inc. (KMT), received two equity awards on September 1, 2026: 5,310 restricted stock units (RSUs) and 271.223 stock‑credit units. Both awards are recorded as derivative grants at a $0.00 acquisition price (i.e., these were compensation awards, not open‑market purchases or sales).

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (filed timely).
• Consideration/price reported: $0.00 for both awards (compensation grants).
• Awards granted: 5,310 RSUs and 271.223 stock‑credit units (derivative holdings).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes from the filing:
  • F1: 1-for-1 (conversion ratio to common stock).
  • F2: The RSUs vest over time and are disbursed in three equal annual installments beginning on the first anniversary of the grant.
  • F3: The stock credits become payable in common stock upon a change of control or when the director ceases to be a director (retirement), unless he elects earlier stock delivery at retirement.
• No tax‑withholding sale or cashless exercise was reported in this filing.

Context These entries are compensation awards (derivative grants) rather than purchases or sales. RSUs typically vest over time and convert to shares when vested; stock credits here are conditional payments that convert to common stock on specified events (change of control or retirement) at a stated 1:1 rate. Such grants are common for director compensation and do not by themselves indicate a buy/sell market signal.