Bausch Shelley J 4/A

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.