Reilly Carlonda R. 4
4 · KENNAMETAL INC · Filed Jul 29, 2026
Research Summary
AI-generated summary of this filing
Kennametal (KMT) VP Carlonda Reilly Receives 21,726-Share Award
What Happened
Carlonda R. Reilly, Vice President of Kennametal Inc. (KMT), was deemed to have earned a total of 21,726 performance stock units (PSUs) on July 27, 2026. The award entries show acquisitions of 4,772; 7,160; 5,090; and 4,704 shares at $0.00 each (A = Award/Grant). These PSUs reflect payout determinations (each tranche was approved at a 200.0% payout multiple) but actual vesting and distribution remain subject to Reilly’s continued employment through specified future dates — i.e., the shares are not yet free to transfer.
Key Details
- Transaction date: July 27, 2026; Form 4 filed July 29, 2026 (timely filing).
- Grants (all A = Award/Grant at $0.00): 4,772; 7,160; 5,090; 4,704 shares — total 21,726 PSUs.
- Payout multiple approved: 200.0% for each listed tranche.
- Vesting/distribution employment conditions and relevant award years:
- 4,772 PSUs: 3rd tranche of 2023 Performance Unit Award (adjusted ROIC); employment through Aug 15, 2026.
- 7,160 PSUs: 2023 Performance Unit Award tranche (adjusted EBITDA margin); employment through Aug 15, 2025.
- 5,090 PSUs: 2nd tranche of 2024 Performance Unit Award (adjusted ROIC); employment through Aug 15, 2027.
- 4,704 PSUs: 1st tranche of 2025 Performance Unit Award (adjusted ROIC); employment through Aug 15, 2028.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: Form 4 was filed two days after the transactions — within the typical two-business-day SEC reporting window.
Context
These entries are awards (not open‑market purchases or sales). PSUs are performance‑based long‑term compensation: the company’s compensation committee certified performance results and set payout multiples, but the units remain subject to future vesting and continued employment requirements before they convert into freely tradable shares. Awards like this are routine components of executive pay and do not by themselves indicate immediate buying or selling by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-07-27+4,772→ 29,915 total - Award
Common Stock
[F2]2026-07-27+7,160→ 37,075 total - Award
Common Stock
[F3]2026-07-27+5,090→ 42,165 total - Award
Common Stock
[F4]2026-07-27+4,704→ 46,869 total
Footnotes (4)
- [F1]Represents 4,772 performance stock units deemed to have been earned by the Compensation and Human Capital Committee, the Committee, on July 27, 2026, with respect to the third tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2023, the 2023 Performance Unit Award, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for such tranche of the 2023 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2026
- [F2]Represents 7,160 performance stock units deemed to have been earned by the Committee on July 27,2026, with respect to the tranche of the 2023 Performance Unit Award relating to adjusted EBITDA margin, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27,2026, the Committee approved adjusted EBITDA margin payout at 200.0 percent for such tranche of the 2023 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2025
- [F3]Represents 5,090 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the second tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2024, the 2024 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout at 200.0 percent for such tranche of the 2024 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2027
- [F4]Represents 4,704 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2025, the 2025 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for the first tranche of the 2025 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2028