Kennametal (NYSE: KMT) director adds 982 stock credits at $29.27
Rhea-AI Filing Summary
KENNAMETAL INC (KMT) director Douglas T. Dietrich reported an acquisition of 982.234 stock credits on 2026-08-25, treated as a derivative grant. Each stock credit is convertible into 1 share of common stock and is valued at $29.27 per credit.
The stock credits become payable in common stock upon a change of control of the company or when Dietrich ceases to be a director (retirement), unless he elects to receive the shares later. Following this grant, he holds 17,084.5363 stock credits directly, which include amounts accumulated through dividend reinvestment features under Kennametal stock incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DIETRICH DOUGLAS T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Credits F1, F2, F3 | 982.234 | $29.27 | $29K |
Holdings After Transaction:
Stock Credits — 17,084.5363 shares (Direct)
Footnotes (3)
- F1. 1 for 1
- F2. The stock credits become payable in common stock (i) in the event of a change of control of the company or (ii) on the date that the reporting person ceases (other than by death) to be a director ("retirement"), unless the reporting person has elected to receive the common stock represented by the stock credits following retirement
- F3. Includes 82.350 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002 and 33.595 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Directors Stock Incentive Plan, as amended. The company maintains a separate dividend reinvestment plan available to its shareholders that satisfies the requirement of Rule 16a-11 of the Securities and Exchange Act of 1934, as amended
Key Figures
Stock credits granted: 982.234 stock credits
Grant value per stock credit: $29.27 per stock credit
Total stock credits after transaction: 17,084.5363 stock credits
+3 more
6 metrics
Stock credits granted
982.234 stock credits
Grant/award acquisition on 2026-08-25
Grant value per stock credit
$29.27 per stock credit
Price per share equivalent for the 2026-08-25 grant
Total stock credits after transaction
17,084.5363 stock credits
Direct holdings of stock credits following the reported grant
Dividend reinvestment credits (Stock Incentive Plan of 2002)
82.350 stock credits
Acquired via dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002
Dividend reinvestment credits (Directors Stock Incentive Plan)
33.595 stock credits
Acquired via dividend reinvestment feature of the Kennametal Inc. Directors Stock Incentive Plan, as amended
Conversion ratio
1 for 1
Each stock credit becomes payable in one share of common stock
Key Terms
Stock Credits, dividend reinvestment, change of control, Rule 16a-11, +1 more
5 terms
Stock Credits financial
"Includes 82.350 stock credits acquired pursuant to a dividend reinvestment feature"
dividend reinvestment financial
"acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
change of control financial
"become payable in common stock (i) in the event of a change of control of the company"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
Rule 16a-11 regulatory
"dividend reinvestment plan available to its shareholders that satisfies the requirement of Rule 16a-11"
Directors Stock Incentive Plan financial
"Kennametal Inc. Directors Stock Incentive Plan, as amended"
FAQ
What transaction did KMT director Douglas T. Dietrich report on this Form 4?
Douglas T. Dietrich reported a grant of 982.234 stock credits on 2026-08-25. The transaction is coded as an acquisition (code A) of derivative securities tied to Kennametal Inc. common stock, not an open-market purchase or sale.
How many KMT stock credits does Douglas T. Dietrich hold after this transaction?
After the transaction, Douglas T. Dietrich directly holds 17,084.5363 stock credits. This total includes credits acquired through dividend reinvestment features of Kennametal’s stock incentive plans, as described in the filing’s footnotes.
What are the conversion terms of the stock credits reported by KMT’s director?
Each stock credit is subject to a 1 for 1 conversion into KENNAMETAL INC common stock. The credits become payable in common stock upon a change of control or when the director retires, unless he elects to receive the stock later.
At what value were the newly granted KMT stock credits recorded?
The 982.234 stock credits granted to Douglas T. Dietrich were recorded at $29.27 per credit. This value is reported as the transaction price per share equivalent for the derivative grant in the Form 4 data.
Do dividend reinvestment features affect Douglas T. Dietrich’s KMT stock credits?
Yes. The total of 17,084.5363 stock credits includes 82.350 credits from a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002 and 33.595 credits from a dividend reinvestment feature of the Kennametal Inc. Directors Stock Incentive Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
