Kennametal Inc: vice president Patrick S Watson exercised 25,689 shares

What happened

• The filing reports that Patrick S Watson, vice president, exercised 25,689 derivative securities on Oct 1, 2026, at an exercise price of $31.67, resulting in $813,571 paid for the shares.
• The filing also reports 11,172 shares were withheld to satisfy payment of the exercise price or tax liability at $31.67, valued at $353,817. A related derivative position of 25,689 was reported disposed at $0.00.

Key details

• Transaction date: Oct 1, 2026. Exercise price: $31.67 per share.
• Reported proceeds/costs: $813,571 for the exercised shares; $353,817 withheld for exercise price/taxes; $0 reported for the derivative disposition.
• Transaction codes: M = option exercise/conversion; F = payment of exercise price or tax withholding.
• Shares owned after the transaction: not reported in the provided filing details.
• Footnotes included in the filing:
  • F1: includes 378.78 shares held in the Kennametal Inc. 401(k) Plan.
  • F2: 1 for 1.
  • F3: restricted stock units are subject to time-based vesting and are disbursed on the first anniversary date of the grant.
• Filing timeliness: not indicated as late in the provided filing details.

Why it may matter

• The filing shows an option exercise with a portion of shares withheld to cover the exercise price or tax liability (a cashless/withholding step reported as F).
• This is a derivative transaction (options exercised and a derivative position disposed) rather than a market sale of newly acquired shares.
• The filing does not show why the insider traded or why the company acted.