Kennametal (KMT) VP Judith Bacchus Exercises Options, Receives RSUs

What Happened

• Judith L. Bacchus, Vice President of Kennametal Inc. (KMT), exercised stock options on 2026-08-14 to acquire 3,534 shares by paying $31.22 per share (total exercise cost $110,331). To satisfy tax withholding, 7,452 shares were surrendered/withheld at $31.22 per share (value reported $232,651). On 2026-08-15 she was granted 7,140 restricted stock units (RSUs).

Key Details

• Transaction dates and prices:
  • 2026-08-14: Exercise of derivative — 3,534 shares acquired @ $31.22 = $110,331.
  • 2026-08-14: Tax withholding/disposition — 7,452 shares disposed @ $31.22 = $232,651 (code F).
  • 2026-08-14: Related derivative disposition entry for 3,534 shares reported at $0 (related to exercise mechanics).
  • 2026-08-15: Grant of 7,140 RSUs (no cash exchanged).
• Footnotes:
  • F1: Includes 2,270.82 shares held in the Kennametal 401(k) Plan.
  • F2: 1-for-1 conversion ratio for the award.
  • F3: RSUs vest in three equal annual installments starting one year after grant, subject to continued employment.
• Shares owned after these transactions are not specified in the filing.
• Filing date: Form 4 was filed 2026-08-18 for transactions with an 8/14/2026 report date (see filing for timing details).

Context

• This was an option exercise with shares withheld to cover tax obligations (common cashless-style mechanism), not an open-market sale or purchase signal. The RSU grant is time-based and vests over three years; such awards are routine compensation for executives and are subject to vesting conditions.