Kennametal director receives stock credits grant
Kennametal Inc. director Shelley J. Bausch received a stock-based compensation award in the form of 575.257 stock credits on common stock.
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Rhea-AI Filing Summary
Kennametal Inc. director Shelley J. Bausch received a stock-based compensation award in the form of 575.257 stock credits on common stock. These credits are valued at $36.94 per share and bring her total stock credit balance to 11,242.331.
The stock credits convert 1-for-1 into common shares and generally become payable in stock upon a change of control of the company or when she ceases to be a director, unless she elects a different timing after retirement. This is a routine, non‑market grant, not an open‑market purchase or sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Credits | 575.257 | $36.94 | $21K |
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. (3) feature of the Kennametal Inc. Stock Incentive Plan of 2002 and 16.170 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
Key Terms
Stock Credits financial
change of control financial
dividend reinvestment financial
Kennametal Inc. Stock Incentive Plan of 2002 financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kennametal (KMT) director Shelley J. Bausch report on this Form 4?
Are the Kennametal (KMT) stock credits an open-market purchase or sale?
When do Shelley J. Bausch’s Kennametal (KMT) stock credits become payable?
What is the value reference for the new Kennametal (KMT) stock credits grant?
How many Kennametal (KMT) stock credits does Shelley J. Bausch hold after this transaction?
How do dividends affect Shelley J. Bausch’s Kennametal (KMT) stock credits?
AI-generated analysis. How Rhea-AI works. Not financial advice.