Kennametal (KMT) VP David Bersaglini Receives Performance Stock Award

What Happened
David Bersaglini, Vice President at Kennametal (KMT), was credited with two performance stock unit (PSU) awards on July 27, 2026: 6,698 units and 6,846 units. Both entries are reported as awards (code A) at $0.00 per share (reported value $0), meaning these are performance-based units deemed earned rather than open-market purchases. Actual vesting and share distribution are subject to continued employment and other plan terms.

Key Details

• Transaction date: July 27, 2026; filing date: July 29, 2026 (Form 4 accession 0002037071-26-000001). Filing appears timely (within typical two-business-day requirement).
• Reported transactions:
  • 6,698 PSUs @ $0.00 (reported value $0) — footnote F1.
  • 6,846 PSUs @ $0.00 (reported value $0) — footnote F2.
• Footnote summaries:
  • F1: These 6,698 PSUs are the second tranche of the 2024 Performance Unit Award (granted Aug 15, 2024); the Compensation Committee approved an adjusted ROIC payout at 200% for that tranche. Vesting/distribution depends on continued employment through Aug 15, 2027.
  • F2: These 6,846 PSUs are the first tranche of the 2025 Performance Unit Award (granted Aug 15, 2025); the Committee approved an adjusted ROIC payout multiple of 200% for that tranche. Vesting/distribution depends on continued employment through Aug 15, 2028.
• Shares owned after transaction: Not stated in the filing.
• Transaction code: A = Award/Grant. No tax-withholding sale or cash exchanged was reported.

Context
These entries reflect performance-based compensation (PSUs) that were deemed earned after the Compensation Committee certified performance (adjusted ROIC at 200% for the relevant tranches). Because the awards still require continued employment to vest and convert to actual shares, they are compensation events rather than direct purchases or sales and do not necessarily signal immediate insider buying or selling.