Kennametal (KMT) VP Clark Bersaglini Exercises Options, Withholds Shares

What Happened Clark Bersaglini, Vice President of Kennametal Inc. (KMT), exercised options on 11,596 shares on 2026-09-01 at an exercise price/value of $29.19 per share (gross value reported $338,487). The company withheld 5,078 shares to cover tax/withholding obligations (value ~$148,227), resulting in a net issuance of 6,518 shares to Bersaglini. The filing also shows the derivative position was converted/cancelled as part of the exercise.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (appears timely—filed within two business days).
• Exercise price / reported per-share value: $29.19.
• Shares exercised (gross): 11,596 — gross value $338,487.
• Shares withheld for taxes (F): 5,078 — withholding value $148,227.
• Net shares received: 6,518.
• Transaction codes: M = option exercise/conversion; F = payment of exercise price / tax liability (share withholding).
• Footnotes: F1 indicates 1-for-1 conversion; F2 pertains to restricted stock units vesting schedule (time-based RSUs disbursed on second anniversary).
• Shares owned after transaction: Not reported in the provided filing details.

Context This appears to be a standard option exercise with share withholding to satisfy tax obligations (a cashless/stock-surrender style settlement), not an open-market sale. Such transactions are common for executives exercising equity awards and do not, by themselves, indicate a change in sentiment about the company.