Kennametal (KMT) VP Judith Bacchus Receives Performance Stock Awards

What Happened

• Judith L. Bacchus, Vice President of Kennametal Inc. (KMT), was granted/awarded a total of 24,694 performance stock units (PSUs) on July 27, 2026 via four award entries: 5,438; 8,156; 5,798; and 5,302 shares. Each was recorded at $0.00 (award/grant), so no cash was exchanged. The Compensation and Human Capital Committee approved payout multiples of 200% for these tranches. Actual vesting and distribution remain subject to Bacchus’s continued employment through the specific dates noted below.

Key Details

• Transaction date: July 27, 2026 (filed July 29, 2026).
• Awards: 5,438; 8,156; 5,798; and 5,302 PSUs — total 24,694 PSUs — recorded at $0.00.
• Performance metrics: awards relate to adjusted ROIC and adjusted EBITDA margin across 2023–2025/2024–2025 performance unit awards.
  • 5,438 PSUs: 3rd tranche of 2023 award (adjusted ROIC); Committee approved 200% payout; distribution subject to continued employment through Aug 15, 2026. (F1)
  • 8,156 PSUs: tranche of 2023 award (adjusted EBITDA margin); Committee approved 200% payout; distribution subject to continued employment through Aug 15, 2025. (F3)
  • 5,798 PSUs: 2nd tranche of 2024 award (adjusted ROIC); Committee approved 200% payout; distribution subject to continued employment through Aug 15, 2027. (F4)
  • 5,302 PSUs: 1st tranche of 2025 award (adjusted ROIC); Committee approved 200% payout; distribution subject to continued employment through Aug 15, 2028. (F5)
• Shares/ownership after transaction: total beneficial ownership not specified in this filing; filing notes 2,263.54 shares are held in the Kennametal 401(k) plan. (F2)
• Transaction code: A = Award/Grant. No 10b5-1 plan, tax withholding, or cashless-sale indications disclosed in this filing.
• Filing timeliness: transaction dated Jul 27, 2026; Form 4 filed Jul 29, 2026 (two days later).

Context

• These were performance-based awards (PSUs) deemed earned by the committee based on Kennametal’s performance metrics and approved payouts. They are not open-market purchases or sales — settlement into actual shares (and any sale) will depend on future vesting/continued employment and plan rules. For retail investors, awards signal executive compensation tied to specific company performance goals but do not by themselves indicate immediate insider buying or selling.