Kennametal director gets new stock credit award
Kennametal Inc. director Douglas T. Dietrich reported an acquisition of stock credits under a company plan.
Rhea-AI Filing Summary
Kennametal Inc. director Douglas T. Dietrich reported an acquisition of stock credits under a company plan. He was granted 642.145 stock credits at a reference price of $40.10 per credit, increasing his directly held stock credits to 10,603.483.
The stock credits are payable in an equal number of common shares either upon a change of control of Kennametal or when he ceases to be a director, subject to his payout election. His balance includes 34.981 stock credits and 17.642 stock credits accumulated through dividend reinvestment features of Kennametal stock incentive plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Credits | 642.145 | $40.10 | $26K |
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 34.981 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002 and 17.642 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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kennametal (KMT) director Douglas T. Dietrich report on this Form 4?
How many stock credits does Douglas Dietrich hold after the latest Kennametal (KMT) grant?
At what reference price were the new Kennametal (KMT) stock credits granted to Douglas Dietrich?
When do Douglas Dietrich’s Kennametal (KMT) stock credits become payable in common stock?
What role do dividend reinvestment features play in Douglas Dietrich’s Kennametal (KMT) stock credits?
AI-generated analysis. How Rhea-AI works. Not financial advice.