Bausch Shelley J 4

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.