Reilly Carlonda R. 4

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.