Kennametal Inc: vice president Judith L. Bacchus exercised 20,364 shares

What happened Judith L. Bacchus, vice president, exercised options for 20,364 shares at $31.67 on Oct 01, 2026, resulting in gross proceeds of $644,928. The filing shows 8,479 of those shares were surrendered to cover tax withholding at $31.67, valued at $268,530. A separate derivative line reports 20,364 shares disposed at $0.00.

Key details

• Transaction date: Oct 01, 2026; exercise price reported: $31.67.
• Shares exercised: 20,364; gross value: $644,928.
• Tax withholding: 8,479 shares surrendered at $31.67 for $268,530 (transaction code F).
• Derivative report: 20,364 shares listed as disposed at $0.00 (transaction code M).
• Shares owned after the transaction: filing notes holdings include 2,270.82 shares in the Kennametal Inc. 401(k) Plan (footnote F1); total post-transaction beneficial ownership not specified in the provided details.
• Footnotes: F1 includes 2,270.82 shares held in the Kennametal Inc. 401(k) Plan; F2 indicates a 1 for 1 conversion; F3 states restricted stock units are subject to time-based vesting and disbursed on the first anniversary of the grant date.
• Filing timeliness: not indicated in the provided filing.

Why it may matter

• The filing shows an option exercise with a partial surrender of shares to cover tax obligations, consistent with a cashless element where some exercised shares are withheld for taxes.
• A filing does not show why the insider traded or why the company acted.