Kennametal VP earns 6,462 performance stock units
Witt John Wayne reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Witt John Wayne reported acquisition or exercise transactions in this Form 4 filing.
Kennametal Inc Vice President John Wayne Witt reported four equity awards of performance stock units on July 27, 2026. The awards total 6,462 units tied to adjusted ROIC and adjusted EBITDA margin under the 2020 and 2024 Stock and Incentive Plans, deemed earned at a 200.0 percent payout multiple. Vesting and actual share distribution remain contingent on his continued employment through dates ranging from August 15, 2025 to August 15, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,390 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 2,084 | $0.00 | $0.00 |
| Grant/Award | Common Stock F3 | 1,488 | $0.00 | $0.00 |
| Grant/Award | Common Stock F4 | 1,500 | $0.00 | $0.00 |
Footnotes (4)
- F1. Represents 1,390 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
- F2. Represents 2,084 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
- F3. Represents 1,488 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
- F4. Represents 1,500 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
Key Figures
Key Terms
performance stock units financial
adjusted ROIC financial
adjusted EBITDA margin financial
Performance Unit Award financial
2020 Stock and Incentive Plan financial
2024 Stock and Incentive Plan financial
FAQ
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What insider equity awards did Kennametal (KMT) report for John Wayne Witt?
How many performance stock units did Kennametal (KMT) grant in each tranche to John Wayne Witt?
What performance metrics are tied to the new awards disclosed by Kennametal (KMT)?
What are the vesting and employment conditions on John Wayne Witt’s Kennametal (KMT) awards?
Under which incentive plans were the Kennametal (KMT) performance stock units granted to John Wayne Witt?
AI-generated analysis. How Rhea-AI works. Not financial advice.