Kennametal (KMT) VP Faisal Exercises Options, Receives RSUs

What Happened

• Hamadi Faisal, Vice President of Kennametal Inc. (KMT), exercised options and received a grant of restricted stock units (RSUs). On 2026-08-14 he exercised/converted 3,730 option-derived shares at $31.22 per share (total cost $116,451). To cover tax withholding, 1,622 shares were surrendered/withheld at $31.22 (value $50,639). On 2026-08-15 the filing reports the conversion of 3,730 derivative units and a separate grant of 7,912 RSUs (both reported at $0.00 per share because they are derivative/conversion and award entries).

Key Details

• Transaction dates and prices:
  • 2026-08-14: Exercise/conversion (code M) — 3,730 shares acquired @ $31.22 (total $116,451).
  • 2026-08-14: Tax/withholding (code F) — 1,622 shares withheld/disposed @ $31.22 (value $50,639).
  • 2026-08-15: Conversion of 3,730 derivative units reported @ $0.00 (administrative reporting).
  • 2026-08-15: Grant/award (code A) — 7,912 RSUs @ $0.00 (award).
• Shares owned after the transactions: not provided in the excerpt of the filing.
• Footnotes:
  • F1: 1-for-1 conversion ratio.
  • F2: RSUs are time‑based and vest in three equal annual installments beginning on the first anniversary of the grant, subject to continued employment.
• Filing: Form 4 filed 2026-08-18 reporting transactions dated 2026-08-14 and 2026-08-15.

Context

• This appears to be a typical option exercise with net-share settlement to cover taxes (shares withheld under code F), plus an RSU award. Exercises and awards are acquisitions (a bullish signal in that insiders are adding/receiving company stock), but they can also reflect routine compensation and vesting; the RSUs vest over time per footnote F2. The $0.00 entries reflect derivative conversion/award reporting rather than an open-market cash sale or purchase.