[Form 4] Kennametal Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing (30 Jul 2025) – Kennametal Inc. (KMT) discloses insider equity awards to Vice President Judith L. Bacchus.

• On 28 Jul 2025 Bacchus was credited with four tranches of performance stock units (PSUs) totaling 10,151 common shares at a $0 acquisition price under the 2020 and 2024 Stock & Incentive Plans.
• Payouts were based on adjusted ROIC and adjusted EBITDA margin metrics; the Compensation Committee approved payout multiples of 81.1 %–92.4 %.
• Shares remain subject to continued employment, with vesting dates between Aug 2025 and Aug 2027.
• After the transactions, Bacchus’ direct beneficial ownership rose to 44,651.302 shares, including 2,000.302 shares held in the company 401(k) plan.

No derivative securities were reported. The filing reflects routine equity compensation rather than open-market buying or selling and has minimal immediate impact on Kennametal’s share count or cash flows.

Positive

• 10,151 performance stock units granted to the VP boost insider ownership to 44,651 shares, reinforcing management–shareholder alignment.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine PSU grant; increases insider stake by 10k shares, limited market impact.

These transactions are standard compensation events, not discretionary purchases. Because the shares vest only if employment continues through 2025-2027, dilution risk is modest and already anticipated in the company’s equity-comp plan disclosures. The lack of cash consideration means no signal on valuation. Insider ownership rises to roughly 45 k shares, which modestly tightens management–shareholder alignment but does not materially alter float or control. Overall, I view the filing as informational and neutral for KMT’s valuation outlook.

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
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).

1. Name and Address of Reporting Person^*

Bacchus Judith L

(Last) (First) (Middle)

525 WILLIAM PENN PLACE

33RD FLOOR

(Street)

PITTSBURGH PA 15219

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/28/2025

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
Common Stock	07/28/2025		A		2,065(1)	A	$0	36,565.302(2)	D
Common Stock	07/28/2025		A		3,531(3)	A	$0	40,096.302(2)	D
Common Stock	07/28/2025		A		2,204(4)	A	$0	42,300.302(2)	D
Common Stock	07/28/2025		A		2,351(5)	A	$0	44,651.302(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 2,065 performance stock units deemed to have been earned by the Compensation and Human Capital Committee, the Committee, on July 28, 2025 with respect to the third tranche of the Performance Unit Award relating to adjusted ROIC granted to the reporting person on August 15, 2022, the 2022 Performance Unit Award, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 28, 2025, the Committee approved adjusted ROIC payout multiple at 81.1 percent for such tranche of the 2022 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

2. Includes 2,000.302 shares held in the Kennametal Inc. 401(k) Plan

3. Represents 3,531 performance stock units deemed to have been earned by the Committee on July 28, 2025, with respect to the tranche of the 2022 Performance Unit Award relating to adjusted EBITDA margin, under the Kennametal Inc. 2020 Stock and Incentive Plan. On July 28, 2025, the Committee approved adjusted EBITDA margin payout at 92.4% for such tranche of the 2022 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2025

4. Represents 2,204 performance stock units deemed to have been earned by the Committee on July 28, 2025, with respect to the second 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 28, 2025, the Committee approved adjusted ROIC payout multiple at 81.1% 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

5. Committee on July 28, 2025, with respect to the first 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 28, 2025, the Committee approved adjusted ROIC payout at 81.1% for such tranche of the 2024 Performance Unit Award; vesting and actual distribution of these shares remain subject to the reporting person's continued employment with the Company through August 15, 2027

	Michelle R. Keating, as attorney-in-fact for Judith L. Bacchus	07/30/2025
	** Signature of Reporting Person	Date
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).
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FAQ

How many shares did VP Judith Bacchus acquire according to KMT's Form 4?

She was credited with 10,151 performance stock units on 28 Jul 2025.

What is Judith Bacchus' total beneficial ownership after the reported transactions?

Her direct holdings increased to 44,651.302 KMT shares, including 2,000.302 shares in the 401(k) plan.

Were any cash purchases made by the insider?

No. All shares were awarded at a $0 acquisition price under performance-based compensation plans.

When will the newly awarded shares vest?

Vesting is contingent on continued employment through dates ranging from 15 Aug 2025 to 15 Aug 2027.

Do the reported transactions affect Kennametal's share count?

The awards are part of existing equity plans, so any dilution is already anticipated and immaterial in the short term.