Kennametal Inc (KMT) grants VP 6,462 performance stock units
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
Net Buyer: 6,462 shares
Net Buy
4 txns
Insider
Witt John Wayne
Role
Vice President
| 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 |
Holdings After Transaction:
Common Stock — 8,096 shares (Direct)
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
Total performance stock units deemed earned: 6,462 units
2023 ROIC tranche PSUs: 1,390 units
2023 EBITDA margin tranche PSUs: 2,084 units
+4 more
7 metrics
Total performance stock units deemed earned
6,462 units
Aggregate PSUs deemed earned on July 27, 2026 across four tranches
2023 ROIC tranche PSUs
1,390 units
Third tranche of 2023 Performance Unit Award relating to adjusted ROIC
2023 EBITDA margin tranche PSUs
2,084 units
Tranche of 2023 Performance Unit Award relating to adjusted EBITDA margin
2024 ROIC tranche PSUs
1,488 units
Second tranche of 2024 Performance Unit Award relating to adjusted ROIC
2025 first tranche PSUs
1,500 units
First tranche of 2025 Performance Unit Award
Payout multiple
200.0 percent
Adjusted ROIC and adjusted EBITDA margin payout multiples approved July 27, 2026
Latest vesting employment date
August 15, 2028
Employment required for vesting of first tranche of 2025 Performance Unit Award
Key Terms
performance stock units, adjusted ROIC, adjusted EBITDA margin, Performance Unit Award, +2 more
6 terms
performance stock units financial
"Represents 1,390 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
"Performance Unit Award 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
"Performance Unit Award relating to adjusted EBITDA margin, under the Kennametal Inc. 2020"
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.
Performance Unit Award financial
"with respect to the third tranche of the Performance Unit Award relating to adjusted ROIC"
2020 Stock and Incentive Plan financial
"under the Kennametal Inc. 2020 Stock and Incentive Plan"
2024 Stock and Incentive Plan financial
"under the Kennametal Inc. 2024 Stock and Incentive Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity awards did Kennametal (KMT) report for John Wayne Witt?
Kennametal reported that Vice President John Wayne Witt was credited with 6,462 performance stock units on July 27, 2026. These units come from multiple tranches of 2023–2025 Performance Unit Awards tied to adjusted ROIC and adjusted EBITDA margin, and remain subject to future vesting conditions.
How many performance stock units did Kennametal (KMT) grant in each tranche to John Wayne Witt?
John Wayne Witt was deemed to have earned 1,390, 2,084, 1,488, and 1,500 performance stock units across four tranches. These relate to 2023, 2024, and 2025 Performance Unit Awards and reflect achievement of adjusted ROIC and adjusted EBITDA margin targets at a 200.0 percent payout multiple.
What performance metrics are tied to the new awards disclosed by Kennametal (KMT)?
The reported performance stock units are tied to adjusted ROIC and adjusted EBITDA margin metrics. Specific tranches from 2023 and 2024 awards relate to adjusted ROIC, while another 2023 tranche is tied to adjusted EBITDA margin, all earning a 200.0 percent payout multiple approved on July 27, 2026.
What are the vesting and employment conditions on John Wayne Witt’s Kennametal (KMT) awards?
Although deemed earned, these performance stock units vest and distribute only if employment continues through August 15, 2025, 2026, 2027, and 2028, depending on the tranche. Each tranche’s payout remains contingent on John Wayne Witt remaining employed with the company through its specified date.
Under which incentive plans were the Kennametal (KMT) performance stock units granted to John Wayne Witt?
The performance stock units come from the Kennametal Inc. 2020 Stock and Incentive Plan and the Kennametal Inc. 2024 Stock and Incentive Plan. The 2023 award tranches are under the 2020 plan, while the 2024 and 2025 awards are under the 2024 plan.