KENNAMETAL INC: president and CEO Chowbey Sanjay exercised 44,712 shares

What happened Chowbey Sanjay, president and CEO, exercised options to acquire 44,712 shares at $31.67 on Oct 1, 2026 for $1,416,029. The filing reports 17,594 shares were surrendered to pay the exercise price or tax liability at $31.67, valued at $557,202. The filing also reports an exercise or conversion of a derivative for 44,712 shares recorded as disposed at $0.00.

Key details

• Transaction date(s) and price(s): Oct 1, 2026; exercise price $31.67 per share; tax-withholding surrender 17,594 shares at $31.67; derivative disposed 44,712 shares at $0.00.
• Transaction codes: M = option exercise/conversion, F = payment of exercise price or tax liability.
• Shares owned after the transaction: not stated in the filing. The filing does note 540.35 shares held in the Kennametal Inc. 401(k) Plan (footnote F1).
• Relevant footnotes from the filing: F1 includes 540.35 shares held in the Kennametal Inc. 401(k) Plan; F2 indicates a 1 for 1 conversion; F3 notes restricted stock units are time-based and disbursed on the first anniversary of the grant date.
• Filing date: filed Oct 5, 2026.

Why it may matter The filing shows an option exercise with shares used to cover the exercise price or tax withholding, consistent with a cashless exercise (surrender of 17,594 shares). The filing reports both the acquisition by exercise and the surrender for payment; it does not state motivations. The filing does not show why the insider traded or why the company acted.