Kennametal Inc: vice president Hamadi Faisal exercised 20,695 shares

What happened
Hamadi Faisal, vice president, exercised options on Oct 1, 2026, acquiring 20,695 shares at $31.67 for $655,411. The filing also reports 9,000 shares disposed to satisfy tax withholding at $31.67 for $285,030. A related exercise or conversion of a derivative for 20,695 shares at $0.00 is reported with a $0 value.

Key details

• Transaction date: Oct 1, 2026. Exercise price reported: $31.67.
• Acquired: 20,695 shares @ $31.67 = $655,411.
• Disposed (tax withholding): 9,000 shares @ $31.67 = $285,030.
• Derivative conversion: 20,695 shares @ $0.00 = $0.
• Shares owned after the transaction: not reported in the filing.
• Footnotes: F1 indicates 1 for 1; F2 notes restricted stock units are time-based and disbursed on the first anniversary of the grant date.
• Filing timeliness: not indicated in the filing.

Why it may matter
The filing shows an options exercise with part of the shares withheld to cover taxes (a net share settlement/cashless portion). The filing reports a derivative conversion at $0.00. This filing does not show why the insider traded or why the company acted.