DIETRICH DOUGLAS T 4
4 · KENNAMETAL INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Kennametal (KMT) Director Douglas T. Dietrich Receives Stock Award
What Happened
Douglas T. Dietrich, a director of Kennametal Inc. (KMT), was granted 642.145 stock credits (reported as a derivative award) on February 24, 2026. The award was reported at a price of $40.10 per share, with a reported aggregate value of approximately $25,750. This filing reflects an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-24; filing date: 2026-02-26. Filing appears timely for a director report.
- Shares/credits awarded: 642.145 stock credits at $40.10 each; aggregate value ~$25,750.
- Post-transaction shares owned: Not specified in the reported items.
- Footnotes of note:
- F1: 1-for-1 conversion (stock credits convert 1 for 1 to common stock).
- F2: Stock credits become payable in common stock on a change of control or upon the director’s retirement (unless the director elects to receive the stock earlier).
- F3: The reported total includes 34.981 stock credits from the Stock Incentive Plan dividend reinvestment feature and 17.642 stock credits from the Directors Stock Incentive Plan dividend reinvestment feature; the company also maintains a separate shareholder dividend reinvestment plan that satisfies Rule 16a-11.
- Transaction type: Award/Grant of derivative stock credits (code A).
Context
This was a compensation-related award (derivative stock credits) rather than a market buy or sale. Such awards are common for directors as part of compensation and do not necessarily signal the director buying or selling shares for investment reasons. The stock credits will convert to common shares under the conditions noted (change of control or retirement), unless the director elects earlier conversion.
Insider Transaction Report
- Award
Stock Credits
[F1][F2][F3]2026-02-24$40.10/sh+642.145$25,750→ 10,603.483 total→ Common Stock (642.145 underlying)
Footnotes (3)
- [F1]1 for 1
- [F2]The stock credits become payable in common stock (i) in the event of a change of control of the company or (ii) on the date that the reporting person ceases (other than by death) to be a director ("retirement"), unless the reporting person has elected to receive the common stock represented by the stock credits following retirement.
- [F3]Includes 34.981 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002 and 17.642 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Directors Stock Incentive Plan, as amended. The company maintains a separate dividend reinvestment plan available to its shareholders that satisfies the requirement of Rule 16a-11 of the Securities and Exchange Act of 1934, as amended