Walsh Ian K. 4
4 · KAMAN Corp · Filed Feb 21, 2024
Insider Transaction Report
Form 4
KAMAN CorpKAMN
Walsh Ian K.
DirectorPresident & CEO
Transactions
- Tax Payment
Kaman Common Stock
2024-02-20$45.28/sh−4,468$202,311→ 113,836.873 total - Award
Performance-Based Restricted Stock Unit
2024-02-20+31,205→ 31,205 totalExercise: $0.00Exp: 2026-12-31→ Kaman Common Stock (31,205 underlying) - Exercise/Conversion
Performance-Based Restricted Stock Unit
2024-02-20−14,180→ 0 totalExercise: $0.00Exp: 2023-12-31→ Kaman Common Stock (14,180 underlying) - Exercise/Conversion
Kaman Common Stock
2024-02-20$45.28/sh+14,180$642,070→ 118,304.873 total - Award
Kaman Common Stock
2024-02-20+31,205→ 104,124.873 total
Holdings
- 78,610
Performance-Based Restricted Stock Unit
Exercise: $0.00Exp: 2025-12-31→ Kaman Common Stock (78,610 underlying) - 41,255
Performance-Based Restricted Stock Unit
Exercise: $0.00Exp: 2024-12-31→ Kaman Common Stock (41,255 underlying)
Footnotes (7)
- [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 March 1 of the year following the grant date.
- [F2]Includes the acquisition of 20.06267 shares under the Kaman Corporation Amended and Restated Employee Stock Purchase Plan, a Rule 16b-3 qualified plan, through 2/19/2024.
- [F3]Represents the settlement of performance-based restricted share units ("PSUs") under the Kaman Corporation Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan. The number of PSUs was previously reported as 26,065 at 100% target and the amount herein reflects the final number of PSUs earned based on ROIC and relative TSR performance over the three-year performance period ending on December 31, 2023.
- [F4]Represents shares withheld from a vested PSU to satisfy tax withholding obligations, as permitted by the Company's Amended and Restated 2013 Management Incentive Plan, a Rule 16b-3 qualified plan.
- [F5]Represents PSUs granted under the Kaman Corporation Second Amended and Restated 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, 2026. 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.
- [F6]Represents PSUs granted under the Kaman Corporation Amended and Restated 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.
- [F7]Represents PSUs granted under the Kaman Corporation Amended and Restated 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, 2024. 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.