Kennametal (KMT) VP Patrick S. Watson Exercises Options & Receives RSUs

What Happened

• Patrick S. Watson, Vice President of Kennametal Inc. (KMT), exercised stock derivatives on 2026-08-14: 6,345 shares were acquired at an exercise price of $31.22 per share for a cash outlay of $198,091. To cover tax withholding and/or exercise costs, 9,454 shares were disposed at $31.22 for proceeds of $295,154 (reported as withholding). The filing also shows a related derivative conversion/settlement entry for 6,345 shares. On 2026-08-15 Watson received a grant of 13,266 restricted stock units (RSUs) (no immediate cash value reported).

Key Details

• Transaction dates and prices:
  • 2026-08-14: Exercise/conversion of derivative — 6,345 shares @ $31.22 (acquired) = $198,091.
  • 2026-08-14: Tax withholding/payment — 9,454 shares @ $31.22 (disposed) = $295,154.
  • 2026-08-14: Related derivative conversion/disposition entry — 6,345 shares @ $0 (derivative entry).
  • 2026-08-15: Grant of 13,266 RSUs @ $0 (acquired as award).
• Shares owned after the transactions are not explicitly provided in the summary data here. The filing notes that holdings include 378.78 shares held in the Kennametal 401(k) plan.
• Footnotes of note:
  • F1: Includes 378.78 shares in the Kennametal 401(k) Plan.
  • F2: 1-for-1 (conversion ratio).
  • F3: RSUs are time‑based and vest in three equal annual installments beginning on the first anniversary of the grant, subject to continued employment.
• Filing timeliness: Form 4 was filed on 2026-08-18 for transactions dated 2026-08-14 and 2026-08-15. This filing date is within the standard two business-day reporting window and is therefore timely.

Context

• This appears to be a cashless exercise/tax-withholding pattern common with option exercises: options were exercised and enough shares were surrendered/withheld to cover taxes or exercise costs rather than paying cash.
• The 13,266 RSUs are awards subject to multi-year vesting and do not represent immediately tradable shares; they are typically part of compensation/retention plans.
• These entries are routine insider compensation and tax-withholding transactions; they are factual disclosures and do not by themselves indicate the insider’s market view.