Kennametal director granted 4,965 stock credits
KENNAMETAL INC (KMT) reported that director Shelley J. Bausch received a grant of 4,965 Stock Credits linked to common stock.
Rhea-AI Filing Summary
KENNAMETAL INC (KMT) reported that director Shelley J. Bausch received a grant of 4,965 Stock Credits linked to common stock. The award is recorded as a derivative security with no cash exercise price and results in post-transaction holdings of 4,965 Stock Credits held directly.
Each Stock Credit is convertible on a 1-for-1 basis into shares of Kennametal common stock. The stock credits become payable in common stock upon a change of control of the company or when Bausch ceases to be a director (other than by death), unless she has elected a different timing for receipt following retirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Credits F1, F2 | 4,965 | $0.00 | $0.00 |
Footnotes (2)
- 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
Key Figures
Key Terms
Stock Credits financial
change of control regulatory
derivative security financial
retirement other
FAQ
What transaction did director Shelley J. Bausch report in this Form 4 for KMT?
What is the conversion ratio of the Stock Credits reported for KMT?
When do the Stock Credits granted to Shelley J. Bausch in KMT become payable?
Is the reported KMT transaction a market purchase or a compensation award?
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