Kennametal (KMT) VP Clark Bersaglini Exercises Options, Receives RSUs

What Happened
Clark David Bersaglini, a Vice President at Kennametal (KMT), exercised stock options on 2026-08-14 to acquire 4,564 common shares by paying $31.22 per share (total cash value $142,488). To cover taxes/withholding, 2,214 of those shares were surrendered (treated as disposed) for a value of $69,121. The filing also shows the conversion/disposition of the related derivative and a separate grant of 9,542 restricted stock units (RSUs) valued at $0 in the report (RSUs are subject to vesting).

Key Details

• Transaction date: 2026-08-14; filing date: 2026-08-18 (filed within the SEC two-business-day window).
• Option exercise: 4,564 shares acquired at $31.22 each (cash paid ≈ $142,488).
• Tax/withholding: 2,214 shares withheld/disposed at $31.22 (value ≈ $69,121). Net shares retained from the exercise = 4,564 − 2,214 = 2,350.
• Grant: 9,542 RSUs awarded (footnote F2 — time-based vesting in three equal annual installments beginning one year after grant, subject to continued employment).
• Footnote F1 indicates a 1-for-1 conversion relationship for the derivative.
• Shares owned after the transaction: not disclosed in the filing.

Context

• This was an option exercise with partial share withholding to satisfy tax obligations (a common, non-market-sale administrative step). The RSUs are time-based awards and will vest over three years per the filing.
• The transactions include both acquisition (exercise/grant) and the withholding-related disposition; purchases/exercises are often viewed as a stronger indicator of insider accumulation than routine withholdings, but filings do not state insider intent.