Bausch Shelley J 4/A
4/A · KENNAMETAL INC · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Kennametal (KMT) Director Shelley Bausch Receives 575 Shares
What Happened Shelley J. Bausch, a director of Kennametal Inc. (KMT), was granted 575.257 stock credits (derivative award) on 2026-05-26. The award is reported at a per-share valuation of $36.94, for a total reported value of $21,250. This filing is an amended Form 4 clarifying the nature and components of the stock credits.
Key Details
- Transaction type: Award/Grant (derivative acquisition, code A) on 2026-05-26; per-share value $36.94; total $21,250.
- Amount: 575.257 stock credits (not immediate common shares).
- Shares owned after transaction: not specified in this filing.
- Footnotes:
- F1: 1-for-1 conversion ratio (stock credits convert to one common share each).
- F2: Stock credits become payable in common stock upon a change of control or when the director retires (unless the director elects earlier delivery).
- F3 (reason for amendment): The original Form 4 filed May 28, 2026 omitted a complete footnote; this amended filing clarifies that the award includes 44.370 stock credits from the Stock Incentive Plan dividend reinvestment feature and 16.170 stock credits from the Directors Stock Incentive Plan dividend reinvestment feature. The company also offers a separate shareholder dividend reinvestment plan that meets Rule 16a-11 requirements.
- Timeliness: This is an amended filing correcting the prior Form 4’s footnote; the transaction date (5/26/2026) and amendment date (5/28/2026) are close in time.
Context These are stock credits (derivative securities) that convert 1-for-1 into common shares under certain conditions (change of control or retirement) rather than an immediate open-market purchase of shares. Such awards are routine compensation for directors and do not by themselves indicate a buy or sell decision in the market.
Insider Transaction Report
- Award
Stock Credits
[F1][F2][F3]2026-05-26$36.94/sh+575.257$21,250→ 11,242.331 total→ Common Stock (575.257 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]On May 28, 2026, the reporting person filed a Form 4 which inadvertently did not include the following complete footnote. Includes 44.370 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002 and 16.170 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