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Kennametal (NYSE: KMT) awards VP 33,870 performance stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Watson Patrick S reported acquisition or exercise transactions in this Form 4 filing.

Kennametal vice president Patrick S. Watson reported four equity awards on July 27, 2026, totaling 33,870 performance stock units under the company’s stock incentive plans. These units, tied to adjusted ROIC and adjusted EBITDA margin with a 200.0% payout, will vest and be distributed only if he remains employed through dates ranging from August 15, 2025 to August 15, 2028.

Positive

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Negative

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Insider Watson Patrick S
Role Vice President
Type Security Shares Price Value
Grant/Award Common Stock F1, F2 6,156 $0.00 $0.00
Grant/Award Common Stock F3, F2 9,236 $0.00 $0.00
Grant/Award Common Stock F4, F2 8,960 $0.00 $0.00
Grant/Award Common Stock F5, F2 9,518 $0.00 $0.00
Holdings After Transaction: Common Stock — 85,114.78 shares (Direct)
Footnotes (5)
  1. F1. Represents 6,156 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 378.78 shares held in the Kennametal Inc. 401(k) Plan
  3. F3. Represents 9,236 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 persons continued employment with the Company through August 15, 2025
  4. F4. Represents 8,960 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 persons continued employment with the Company through August 15, 2027
  5. F5. Represents 9,518 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 adjusted ROIC tranche) 6,156 performance stock units Deemed earned July 27, 2026; vesting subject to employment through August 15, 2026
Performance stock units earned (2023 adjusted EBITDA margin tranche) 9,236 performance stock units Deemed earned July 27, 2026; vesting subject to employment through August 15, 2025
Performance stock units earned (2024 adjusted ROIC tranche) 8,960 performance stock units Deemed earned July 27, 2026; vesting subject to employment through August 15, 2027
Performance stock units earned (2025 adjusted ROIC tranche) 9,518 performance stock units Deemed earned July 27, 2026; vesting subject to employment through August 15, 2028
Payout multiple for performance tranches 200.0 percent Approved by the Compensation and Human Capital Committee on July 27, 2026
401(k) plan holdings included in direct ownership 378.78 shares Shares held in the Kennametal Inc. 401(k) Plan included in reported holdings
performance stock units financial
"Represents 6,156 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.
adjusted ROIC financial
"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
"relating to adjusted EBITDA margin, under the Kennametal Inc. 2020 Stock"
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.
payout multiple financial
"the Committee approved adjusted ROIC payout multiple at 200.0 percent"

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FAQ

What insider transaction did Kennametal (KMT) report for Patrick S. Watson?
Kennametal reported that vice president Patrick S. Watson received four performance stock unit awards on July 27, 2026. The awards are tied to adjusted ROIC and adjusted EBITDA margin and represent part of his long-term equity compensation under company stock incentive plans.

How many performance stock units did Patrick S. Watson receive from Kennametal (KMT)?
Patrick S. Watson was credited with 33,870 performance stock units across four award tranches. Individual tranches cover 6,156, 9,236, 8,960, and 9,518 units, each linked to specific performance periods and plan years under Kennametal’s stock incentive plans.

What performance metrics determine Patrick S. Watson’s awards at Kennametal (KMT)?
The awards are based on adjusted ROIC and adjusted EBITDA margin performance metrics. Separate tranches relate to adjusted ROIC tranches and an adjusted EBITDA margin tranche from the 2023, 2024, and 2025 Performance Unit Awards approved under Kennametal’s stock and incentive plans.

When do Patrick S. Watson’s performance stock unit awards at Kennametal (KMT) vest?
Although deemed earned on July 27, 2026, vesting and distribution require continued employment through dates from August 15, 2025 to August 15, 2028. Each award tranche has its own specific future employment-through date before shares are actually distributed.

Are Patrick S. Watson’s new Kennametal (KMT) stock units immediately distributable?
No. The filing states that vesting and actual share distribution of these performance stock units remain contingent on Watson’s continued employment. He must stay employed with Kennametal through the applicable August 15 dates in 2025, 2026, 2027, and 2028 for each tranche.

What does the 200.0 percent payout multiple mean for Kennametal (KMT) awards?
Kennametal’s Compensation and Human Capital Committee approved a 200.0% payout multiple for the relevant performance tranches. This means the performance criteria for adjusted ROIC and adjusted EBITDA margin were achieved at a level that doubled the target units for those specific award components.
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*
Watson Patrick S
(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 Stock07/27/2026A6,156(1)A$057,400.78(2)D
Common Stock07/27/2026A9,236(3)A$066,636.78(2)D
Common Stock07/27/2026A8,960(4)A$075,596.78(2)D
Common Stock07/27/2026A9,518(5)A$085,114.78(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 6,156 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 378.78 shares held in the Kennametal Inc. 401(k) Plan
3. Represents 9,236 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 persons continued employment with the Company through August 15, 2025
4. Represents 8,960 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 persons continued employment with the Company through August 15, 2027
5. Represents 9,518 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 Patrick Watson07/29/2026
** 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)

Source: View Original Filing on SEC EDGAR