LANE CARROLL KENT 4
4 · KAMAN Corp · Filed Jul 6, 2023
Insider Transaction Report
Form 4
KAMAN CorpKAMN
LANE CARROLL KENT
SVP and President KAV and KPP
Transactions
- Tax Payment
Kaman Common Stock
2023-07-05−1,984→ 47,629 total - Award
Kaman Common Stock
2023-07-05+24,510→ 49,613 total - Award
Stock Options (Right to buy)
2023-07-05$24.48/sh+48,987$1,199,202→ 48,987 totalExercise: $24.48Exp: 2033-07-05→ Kaman Common Stock (48,987 underlying)
Holdings
- 39,121
Stock Options (Right to buy)
Exercise: $31.60Exp: 2032-07-05→ Kaman Common Stock (39,121 underlying) - 18,340
Performance-Based Restricted Stock Unit
Exercise: $0.00Exp: 2025-12-31→ Kaman Common Stock (18,340 underlying)
Footnotes (4)
- [F1]Represents a restricted stock award granted under the Kaman Corporation Second Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Restrictions lapse at the rate of 33 1/3% per year, beginning one year following the grant date.
- [F2]Represents shares withheld from a vested restricted stock award to satisfy tax obligations, as permitted by the Company's Second Amended and Restated 2013 Management Incentive Plan.
- [F3]Exercisable at the rate of 33 1/3% per year, generally beginning one year after grant date; expires ten (10) years after grant. All options are issued under the Corporation's 16b-3 qualified stock incentive plans. The Plans include a feature which permits the exercise price for an option to be paid by withholding a portion of the shares otherwise issuable upon exercise.
- [F4]Represents performance-based restricted share units ("PSUs") granted under the Second Amended and Restated Kaman Corporation 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. Each PSU represents a contingent right to receive one share of the common stock, par value $1.00 per share, of the Company. The number of PSUs that may be earned is between 0% and 200% of the target number of PSUs and shall vest based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2025. The indicated number of PSUs assumes 100% vesting at target. The actual number of shares issued in settlement of the PSUs may be more or less than the indicated number.