Bausch Shelley J 4
4 · KENNAMETAL INC · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Kennametal Director Shelley Bausch Receives 529.9-Share Award
What Happened
Shelley J. Bausch, a director of Kennametal Inc. (KMT), was granted 529.925 stock credits (derivative award) on February 24, 2026. The grant is reported at a per‑credit value of $40.10, totaling about $21,250. This was an award/acquisition (Form 4 code A), not an open‑market buy or sale.
Key Details
- Transaction date and terms: 529.925 stock credits granted on 2026-02-24 at $40.10 per credit (total ≈ $21,250).
- Transaction type: A (grant/award/other acquisition); derivative stock credits rather than immediate common shares.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: 1-for-1 conversion ratio (stock credits convert to one common share each).
- F2: Stock credits become payable in common stock on a change of control or on the director’s retirement (unless the director elects to receive them earlier).
- F3: The 529.925 total includes 40.671 credits from the Stock Incentive Plan dividend reinvestment and 12.192 credits from the Directors Stock Incentive Plan dividend reinvestment.
- Filing timeliness: Form filed 2026-02-26 for a 2026-02-24 transaction; filing appears timely under Form 4 reporting rules.
Context
These are derivative "stock credits" that convert 1-for-1 into common stock under specified events (change of control or retirement) rather than an immediate issuance of common shares. Such awards are a routine part of director compensation and do not by themselves indicate a buy/sell decision in the open market.
Insider Transaction Report
Form 4
Bausch Shelley J
Director
Transactions
- Award
Stock Credits
[F1][F2][F3]2026-02-24$40.10/sh+529.925$21,250→ 651.866 total→ Common Stock (529.925 underlying)
Footnotes (3)
- [F1]1 for 1
- [F2]The stock credits become payable in common stock (i) in the event of a change of control of the company or (ii) on the date that the reporting person ceases (other than by death) to be a director ("retirement"), unless the reporting person has elected to receive the common stock represented by the stock credits following retirement.
- [F3]Includes 40.671 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002 and 12.192 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Directors Stock Incentive Plan, as amended. The company maintains a separate dividend reinvestment plan available to its shareholders that satisfies the requirement of Rule 16a-11 of the Securities and Exchange Act of 1934, as amended.
Signature
Michelle R. Keating, as attorney-in-fact for Shelley J. Bausch|2026-02-26