STOCK TITAN

Kennametal Inc (KMT) grants VP 6,462 performance stock units

(Neutral)
(Neutral)
Form Type
4

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 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)
  1. 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
  2. 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
  3. 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
  4. 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
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
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.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

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.
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*
Witt John Wayne

(Last)(First)(Middle)
525 WILLIAM PENN PLACE
SUITE 3300

(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 Stock07/27/2026A1,390(1)A$03,024D
Common Stock07/27/2026A2,084(2)A$05,108D
Common Stock07/27/2026A1,488(3)A$06,596D
Common Stock07/27/2026A1,500(4)A$08,096D
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 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
2. 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
3. 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
4. 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
Michelle R. Keating, as attorney-in-fact for John Wayne Witt07/29/2026
** 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)