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Kennametal (NYSE: KMT) VP earns new performance stock awards

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Form Type
4

Rhea-AI Filing Summary

Bacchus Judith L reported acquisition or exercise transactions in this Form 4 filing.

KENNAMETAL INC Vice President Judith L. Bacchus reported equity compensation on July 27, 2026. She was credited with four blocks of common stock tied to performance stock units: 5,438, 8,156, 5,798 and 5,302 shares, deemed earned under 2023–2025 Performance Unit Awards after 200.0% payout determinations on adjusted ROIC and adjusted EBITDA margin metrics. Vesting and actual distribution of these shares remain contingent on her continued employment through dates ranging from August 15, 2025 to August 15, 2028.

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Insider Bacchus Judith L
Role Vice President
Type Security Shares Price Value
Grant/Award Common Stock F1, F2 5,438 $0.00 $0.00
Grant/Award Common Stock F3, F2 8,156 $0.00 $0.00
Grant/Award Common Stock F4, F2 5,798 $0.00 $0.00
Grant/Award Common Stock F5, F2 5,302 $0.00 $0.00
Holdings After Transaction: Common Stock — 29,307.54 shares (Direct)
Footnotes (5)
  1. F1. Represents 5,438 performance stock units deemed to have been earned by the Compensation and Human Capital Committee, the Committee, on July 27, 2026, with respect to the third tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2023, the 2023 Performance Unit Award, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for such tranche of the 2023 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2026
  2. F2. Includes 2,263.54 shares held in the Kennametal Inc. 401(k) Plan
  3. F3. Represents 8,156 performance stock units deemed to have been earned by the Committee on July 27,2026, with respect to the tranche of the 2023 Performance Unit Award relating to adjusted EBITDA margin, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27,2026, the Committee approved adjusted EBITDA margin payout at 200.0%\ percent for such tranche of the 2023 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2025
  4. F4. Represents 5,798 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the second tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2024, the 2024 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout at 200.0 percent for such tranche of the 2024 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2027
  5. F5. Represents 5,302 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2025 (the 2025 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for the first tranche of the 2025 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2028
Performance stock units earned (2023 ROIC tranche) 5,438 shares Third tranche of 2023 Performance Unit Award relating to adjusted ROIC deemed earned July 27, 2026
Performance stock units earned (2023 EBITDA tranche) 8,156 shares Tranche of 2023 Performance Unit Award relating to adjusted EBITDA margin deemed earned July 27, 2026
Performance stock units earned (2024 ROIC tranche) 5,798 shares Second tranche of 2024 Performance Unit Award relating to adjusted ROIC deemed earned July 27, 2026
Performance stock units earned (2025 award first tranche) 5,302 shares First tranche of 2025 Performance Unit Award deemed earned July 27, 2026
Adjusted ROIC payout multiple 200.0 percent Approved by committee for relevant 2023 and 2024 Performance Unit Award tranches on July 27, 2026
Adjusted EBITDA margin payout 200.0% Approved by committee for 2023 Performance Unit Award tranche on July 27, 2026
Shares held in 401(k) Plan 2,263.54 shares Portion of Judith L. Bacchus’s holdings in the Kennametal Inc. 401(k) Plan
performance stock units financial
"Represents 5,438 performance stock units deemed to have been earned"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Performance Unit Award financial
"with respect to the third tranche of the Performance Unit Award relating"
adjusted ROIC financial
"Performance Unit Award relating to adjusted ROIC granted to the reporting person"
Adjusted ROIC measures how effectively a company turns the money it has invested in its business into profit, but after removing one-time items and accounting tweaks so the result shows the recurring operating performance. Think of it like checking a car’s fuel efficiency after unloading temporary extra weight: it gives investors a clearer view of the business’s true efficiency and helps compare companies or track whether management is improving returns on the capital used to run and grow the business.
adjusted EBITDA margin financial
"Performance Unit Award relating to adjusted EBITDA margin, under the Kennametal Inc."
Adjusted EBITDA margin shows how much profit a company makes from its core operations, expressed as a percentage of its total revenue, after removing certain one-time or unusual expenses and income. It helps investors understand the company's true earning ability from regular business activities, making it easier to compare performance over time or with other companies. Think of it as measuring the efficiency of a business in turning sales into profits, excluding irregular adjustments.
401(k) Plan financial
"Includes 2,263.54 shares held in the Kennametal Inc. 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Stock and Incentive Plan financial
"under the Kennametal Inc. 2020 Stock and Incentive Plan"

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FAQ

What insider activity did KMT report for Judith L. Bacchus on July 27, 2026?

Kennametal Vice President Judith L. Bacchus reported four equity award entries on July 27, 2026. She was credited with performance stock units converting into 5,438, 8,156, 5,798 and 5,302 shares of common stock, all subject to future vesting and service conditions.

How many performance stock units did KMT’s Judith L. Bacchus have deemed earned?

Judith L. Bacchus had performance stock units deemed earned for a total of four tranches: 5,438, 8,156, 5,798 and 5,302 units. Each tranche corresponds to specific 2023–2025 Performance Unit Awards under Kennametal stock incentive plans.

What performance metrics drove the KMT awards to Judith L. Bacchus?

The awards to Judith L. Bacchus were tied to adjusted ROIC and adjusted EBITDA margin performance metrics. On July 27, 2026, the committee approved payout multiples of 200.0% for the relevant tranches of her 2023 and 2024 Performance Unit Awards.

When do Judith L. Bacchus’s KMT Performance Unit Awards vest and distribute?

Although the performance stock units were deemed earned, vesting and actual share distribution remain contingent on continued employment. Key dates run through August 15, 2025, August 15, 2026, August 15, 2027 and August 15, 2028 for the respective award tranches.

Are Judith L. Bacchus’s KMT equity awards linked to a Rule 10b5-1 trading plan?

The Form 4 for Kennametal (KMT) lists four acquisition-type equity award entries for Judith L. Bacchus. Its Rule 10b5-1 checkbox is not marked, and the footnotes describe compensation awards rather than trades executed under a pre-arranged trading plan.

How many KMT shares does Judith L. Bacchus hold in the 401(k) Plan?

A footnote states that her reported holdings include 2,263.54 shares held in the Kennametal Inc. 401(k) Plan. This figure is part of her overall reported ownership position, though the Form 4 does not give a single combined post-transaction share total.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bacchus Judith L

(Last)(First)(Middle)
525 WILLIAM PENN PLACE
33RD FLOOR

(Street)
PITTSBURGH PENNSYLVANIA 15219

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
KENNAMETAL INC [ KMT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/27/2026A5,438(1)A$010,051.54(2)D
Common Stock07/27/2026A8,156(3)A$018,207.54(2)D
Common Stock07/27/2026A5,798(4)A$024,005.54(2)D
Common Stock07/27/2026A5,302(5)A$029,307.54(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents 5,438 performance stock units deemed to have been earned by the Compensation and Human Capital Committee, the Committee, on July 27, 2026, with respect to the third tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2023, the 2023 Performance Unit Award, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for such tranche of the 2023 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2026
2. Includes 2,263.54 shares held in the Kennametal Inc. 401(k) Plan
3. Represents 8,156 performance stock units deemed to have been earned by the Committee on July 27,2026, with respect to the tranche of the 2023 Performance Unit Award relating to adjusted EBITDA margin, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 27,2026, the Committee approved adjusted EBITDA margin payout at 200.0%\ percent for such tranche of the 2023 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2025
4. Represents 5,798 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the second tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2024, the 2024 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout at 200.0 percent for such tranche of the 2024 Performance Unit Award, vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2027
5. Represents 5,302 performance stock units deemed to have been earned by the Committee on July 27, 2026, with respect to the first tranche of the Performance Unit Award granted to the reporting person on August 15, 2025 (the 2025 Performance Unit Award, under the Kennametal Inc. 2024 Stock and Incentive Plan. On July 27, 2026, the Committee approved adjusted ROIC payout multiple at 200.0 percent for the first tranche of the 2025 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting persons continued employment with the Company through August 15, 2028
Michelle R. Keating, as attorney-in-fact for Judith L. Bacchus07/29/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)