Kennametal VP Carlonda R. Reilly Exercises Options, Receives RSUs

What Happened

• Carlonda R. Reilly, Vice President of Kennametal Inc. (KMT), exercised stock-derived awards on 2026-08-14 and received an award the next day. She exercised options that resulted in the acquisition of 3,135 common shares at an exercise price of $31.22 per share (total cost ~ $97,875).
• To cover the exercise price and/or tax withholding, 6,251 shares were surrendered/disposed (valued at about $195,156). The filing also records a derivative disposition of 3,135 shares (recorded at $0), consistent with conversion/cancellation of option units upon exercise.
• On 2026-08-15 she was granted 6,555 restricted stock units (RSUs) at $0 per share; these are time‑based awards subject to vesting.

Key Details

• Transaction dates and prices:
  • 2026-08-14: Exercise/conversion (code M) — 3,135 shares acquired @ $31.22 (≈ $97,875).
  • 2026-08-14: Tax/exercise withholding (code F) — 6,251 shares disposed @ $31.22 (≈ $195,156).
  • 2026-08-14: Derivative disposition (code M) — 3,135 shares disposed @ $0 (represents option conversion/cancellation).
  • 2026-08-15: Grant/award (code A) — 6,555 RSUs @ $0 (award value not paid in cash).
• Shares owned after the transactions: not specified in the filing.
• Footnotes:
  • F1: 1-for-1 (share-for-share treatment referenced).
  • F2: RSUs are time‑based and disbursed in three equal annual installments beginning on the first anniversary of the grant, subject to continued employment.
• Filing timeliness: Report filed 2026-08-18 for transactions on 2026-08-14 — filed within the typical two‑business‑day window (timely).

Context

• This appears to be a routine option exercise combined with share withholding to cover taxes/exercise costs (a cashless-style settlement), plus a standard RSU grant. Such exercises and RSU awards are common forms of executive compensation and do not, by themselves, indicate a buy or sell market opinion.
• For retail investors, purchases (open-market buys) are often seen as a stronger bullish signal than routine exercises or compensation-related transactions; this filing primarily reflects compensation mechanics rather than an open-market purchase.