KMT director Bausch now holds 9,815 derivative stock credits

Rhea-AI Filing Summary

Kennametal Inc. (KMT) director Shelley J. Bausch reported acquiring stock-based director compensation in the form of derivative stock credits. On 11/24/2025, she acquired 783.555 stock credits at an exercise price of $27.12 per credit, bringing her total holdings in this account to 9,815.448 derivative securities with direct ownership.

The stock credits are convertible into an equal number of Kennametal common shares on a 1-for-1 basis. They become payable in common stock either upon a change of control of the company or when she ceases to be a director (other than by death), subject to any deferral election she may have made. Her reported total includes 59.696 stock credits from dividend reinvestment under the Kennametal Inc. Stock Incentive Plan of 2002 and 12.159 stock credits from dividend reinvestment under the Kennametal Inc. Directors Stock Incentive Plan.

SEC Form 4

FORM 4

UNITED 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
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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^*

Bausch Shelley J

(Last) (First) (Middle)

233 S. WACKER DR.

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KENNAMETAL INC [ KMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Credits	(1)	11/24/2025		A		783.555		(2)	(2)	Common Stock	783.555	$27.12	9,815.448(3)	D

Explanation of Responses:

1. 1 for 1

2. 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.

3. Includes 59.696 stock credits acquired pursuant to a dividend reinvestment feature of the Kennametal Inc. Stock Incentive Plan of 2002 and 12.159 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.

	Michelle R. Keating, as attorney-in-fact for Shelley J. Bausch	11/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Kennametal (KMT) report for director Shelley J. Bausch?

Director Shelley J. Bausch reported acquiring 783.555 stock credits on 11/24/2025 as derivative securities tied to Kennametal Inc. (KMT) common stock.

At what price were the Kennametal (KMT) stock credits recorded in the Form 4?

The derivative stock credits reported for Shelley J. Bausch on 11/24/2025 reflect an exercise price of $27.12 per stock credit.

How many Kennametal (KMT) derivative stock credits does the director own after this transaction?

Following the reported transaction, Shelley J. Bausch beneficially owns 9,815.448 derivative stock credits with direct ownership, each linked to Kennametal common stock.

When do the Kennametal (KMT) stock credits reported by the director become payable in common stock?

The stock credits become payable in common stock on a 1-for-1 basis upon a change of control of Kennametal or when the director retires from the board (other than by death), subject to any deferral election.

What plans contributed dividend reinvestment stock credits for the Kennametal (KMT) director?

The total includes 59.696 stock credits from dividend reinvestment under the Kennametal Inc. Stock Incentive Plan of 2002 and 12.159 stock credits from dividend reinvestment under the Kennametal Inc. Directors Stock Incentive Plan, as amended.

Who signed the Kennametal (KMT) Form 4 reporting the director stock credits?

The Form 4 was signed by Michelle R. Keating acting as attorney-in-fact for Shelley J. Bausch on 11/25/2025.