Kennametal (KMT) VP Hamadi Faisal Exercises 9,917 Options

What Happened

• Hamadi Faisal, Vice President of Kennametal (KMT), exercised/converted 9,917 derivative units into 9,917 common shares on 2026-07-31. The filing reports the shares valued at $33.97 each for a gross value of $336,880.
• To satisfy tax withholding (and/or related obligations), 4,596 of those shares were withheld/disposed at the same $33.97 price, valued at $156,126. The net shares delivered to the insider were 5,321 shares (9,917 acquired minus 4,596 withheld).
• The filing also shows the underlying derivative instrument (9,917 units) was surrendered/converted in the transaction (listed at $0.00 for the derivative disposition).

Key Details

• Transaction date: 2026-07-31; Filing date: 2026-08-03.
• Exercise/conversion: 9,917 shares @ $33.97 → total reported value $336,880.
• Tax withholding/settlement: 4,596 shares withheld @ $33.97 → $156,126.
• Net shares received: 5,321.
• Footnotes: F1 indicates a 1-for-1 conversion; F2 notes these awards (RSUs) are subject to time-based vesting and are disbursed in three equal annual installments beginning on the first anniversary of the grant, subject to continued employment.
• Shares owned after the transaction: not specified in the disclosed summary of this filing.
• No late-filing flag is stated in the provided data (filing occurred 2026-08-03 for a 2026-07-31 transaction).

Context

• This appears to be an exercise/conversion event with shares withheld to cover tax obligations — a routine administrative step (common in exercises and RSU settlements) rather than an open-market sale.
• For retail investors, exercises/conversions indicate the insider acquired company stock (net 5,321 shares retained here) but do not by themselves convey a buy/sell sentiment the way an open-market purchase or sale might.