Kennametal (KMT) Director Dawne Hickton Receives Award of 5,310 Shares

What Happened Dawne S. Hickton, a director of Kennametal Inc. (KMT), was granted 5,310 stock credits (reported as a derivative award) on 2026-09-01. The reported acquisition price was $0.00, meaning no cash was paid; these are compensation-type stock credits rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-01; Filing date (Form 4): 2026-09-03 (filed within the typical 2-business-day reporting window).
• Transaction type/code: Award/Acquisition (A); 5,310 shares reported as derivative stock credits at $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 indicates a 1-for-1 conversion; F2 states the stock credits become payable in common stock (i) upon a change of control or (ii) when the reporting person ceases to be a director (retirement), unless the director elects to receive the common stock at retirement.
• No cash changed hands at grant; future value depends on Kennametal’s stock price when/if the credits convert to common shares.

Context These stock credits are a form of compensation and are derivative in nature — they do not represent immediately tradable shares. They convert 1-for-1 into common stock only under specified events (change of control or retirement, per the footnote) or if the director elects earlier conversion. Such awards are routine for directors and should be viewed as compensation arrangements rather than a direct market buy/sell signal.