Kennametal (KMT) Director Lorraine M. Martin Exercises Options, Receives RSUs

What Happened

• Lorraine M. Martin, a director of Kennametal Inc. (KMT), exercised derivative awards on Aug 14, 2026 to acquire 6,092 shares at an exercise price of $31.22 per share (total value ≈ $190,192). To cover tax obligations, 186 shares were withheld/sold at $31.22 (proceeds ≈ $5,807). On Aug 15, 2026 she was also credited with a grant/award of 4,965 restricted stock units (RSUs).
• Several derivative-line items showing disposals at $0 reflect the cancellation/settlement of the exercised derivative awards (these are not separate cash sales). Overall, this filing records an option exercise plus the vesting/grant of RSUs rather than an open-market purchase or sale.

Key Details

• Transaction dates/prices: Aug 14, 2026 — exercised 6,092 shares @ $31.22 (acquired); 186 shares withheld @ $31.22 (to cover taxes). Aug 15, 2026 — grant/award of 4,965 RSUs (no cash price).
• Tax/withholding: 186 shares were disposed to satisfy tax liability (coded F).
• Footnotes: F1 indicates 1-for-1 conversion; F2 notes RSUs vest in three equal annual installments starting one year after grant; F3 explains this is an amended Form 4 — the original Aug 18 filing inadvertently omitted certain RSU vesting, and this Form 4/A (filed Aug 20) adds that information.
• Shares owned after transaction: not specified in this amended filing.
• Timeliness: This is an amended filing to correct/complete the earlier Form 4; investors should rely on the corrected Form 4/A for the full record.

Context

• These entries represent an option exercise (derivative conversion) and RSU award/vesting. The presence of withheld shares for taxes is routine and does not necessarily indicate a change in sentiment. The reported cash value of the exercised options is modest (~$190K).