DIETRICH DOUGLAS T 4

What Happened
Douglas T. Dietrich, a director of Kennametal Inc. (KMT), exercised options to acquire 841 shares on January 30, 2026. The exercise price was $34.39 per share, for a total cash cost of about $28,922. To cover tax withholding, 25 of the acquired shares were surrendered (disposed) at $34.39 each (about $860). The filing also shows the underlying derivative (the option) was cancelled upon conversion to common stock.

Key Details

• Transaction date: 2026-01-30 (filed 2026-02-03 — filed within the standard Form 4 window).
• Exercise: 841 shares acquired at $34.39 each = $28,922.
• Tax withholding: 25 shares withheld/disposed at $34.39 each = ~$860.
• Derivative disposition: 841 option units were converted/cancelled on exercise (recorded at $0 as the option itself was surrendered).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 indicates a 1-for-1 conversion; F2 describes typical RSU vesting (time-based, paid in three equal annual installments starting one year after grant) — included for context in the filing.

Context
This was an option exercise (code M) with partial share surrender to cover taxes (code F). Exercising options is different from an open-market purchase or a sale — it reflects converting an existing derivative right into stock and does not necessarily indicate a fresh cash investment signal. The filing appears timely (filed within the required reporting window).