Kennametal (KMT) VP Michelle Keating Receives 26,732-Share Award

What Happened
Michelle R. Keating, Vice President of Kennametal Inc. (KMT), was deemed to have received a total of 26,732 performance stock units on July 27, 2026 through four award tranches (all reported as acquisitions at $0): 5,552 shares, 8,328 shares, 6,858 shares, and 5,994 shares. These awards were approved by the Compensation and Human Capital Committee with payout multiples set at 200% for the relevant tranches. The filing reports $0 acquisition price because these are performance-based awards, not market purchases.

Key Details

• Transaction date: July 27, 2026; reported as Awards/Grants (code A) at $0.00 per share.
• Shares granted (total): 26,732 (5,552; 8,328; 6,858; 5,994).
• Payout multiples approved: 200% for each reported tranche (per footnotes).
• Vesting / distribution conditions (per footnotes): continued employment required through:
  • 5,552 PSU tranche (2023 award, adjusted ROIC): through Aug 15, 2026 (F1)
  • 8,328 PSU tranche (2023 award, adjusted EBITDA margin): through Aug 15, 2025 (F3)
  • 6,858 PSU tranche (2024 award, adjusted ROIC): through Aug 15, 2027 (F4)
  • 5,994 PSU tranche (2025 award, adjusted ROIC): through Aug 15, 2028 (F5)
• Shares owned after transaction: not specified in the filing aside from a note that 78.85 shares are held in the Kennametal 401(k) plan (F2).
• Filing timeliness: no late-filing flag indicated in the provided data.

Context
These were performance stock units (PSUs) deemed earned based on company performance metrics (adjusted ROIC and adjusted EBITDA margin) and approved by the compensation committee; they are awards, not open-market buys or sales. Because vesting and actual distribution remain subject to continued employment (and other plan terms), these grants do not represent immediately traded shares or cash proceeds. For retail investors, awards signal compensation linked to company performance but are not direct insider purchases or sales.