Kennametal director awarded 5,310 RSUs, credits
Kennametal director Richard J. Harshman received new time-vested RSUs and stock credits tied to KMT common stock.
Rhea-AI Filing Summary
KENNAMETAL INC (symbol: KMT) is the issuer of record for a Form 4 filing submitted to the SEC. HARSHMAN RICHARD J reported acquisition or exercise transactions in this Form 4 filing.
KENNAMETAL INC (KMT) reported that director Richard J. Harshman received equity-based awards on September 1, 2026. He was granted 5,310 Restricted Stock Units, each convertible into one share of common stock, and 271.223 stock credits, also linked 1-for-1 to common stock. The RSUs are subject to time-based vesting and will be disbursed in three equal annual installments starting on the first anniversary of the grant date. The stock credits become payable in common stock upon a change of control or when he ceases to be a director (other than by death), subject to his payout election. No Rule 10b5-1 trading plan is reported for these awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,581.223 shares
Grant/Award
2 txns
Insider
HARSHMAN RICHARD J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 5,310 | $0.00 | $0.00 |
| Grant/Award | Stock Credits F1, F3 | 271.223 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 5,310 contracts (Direct);
Stock Credits — 271.223 contracts (Direct)
Footnotes (3)
- F1. 1 for 1
- F2. Restricted stock units are subject to time-based vesting and are disbursed in three equal annual installments commencing on the first anniversary date of the grant date
- F3. 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
Restricted Stock Units granted: 5,310 units
Stock credits granted: 271.223 credits
RSUs held after transaction: 5,310 units
+2 more
5 metrics
Restricted Stock Units granted
5,310 units
Grant to director Richard J. Harshman on September 1, 2026
Stock credits granted
271.223 credits
Grant to director Richard J. Harshman on September 1, 2026
RSUs held after transaction
5,310 units
Total Restricted Stock Units following the September 1, 2026 grant
Stock credits held after transaction
271.223 credits
Total stock credits following the September 1, 2026 grant
RSU vesting schedule
3 installments
RSUs disbursed in three equal annual installments starting on first anniversary of grant
Key Terms
Restricted Stock Units, stock credits, time-based vesting, change of control
4 terms
Restricted Stock Units financial
"He was granted 5,310 Restricted Stock Units, each convertible into one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
stock credits financial
"He received 271.223 stock credits, also linked 1-for-1 to common stock"
time-based vesting financial
"Restricted stock units are subject to time-based vesting and are disbursed"
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
change of control financial
"The stock credits become payable in common stock in the event of a change of control"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
FAQ
What equity awards did KMT director Richard J. Harshman receive in this Form 4?
He received 5,310 Restricted Stock Units and 271.223 stock credits, each providing a 1-for-1 right to receive Kennametal common stock, with specific vesting and payout conditions described in the filing’s footnotes.
How do the new Restricted Stock Units for KMT’s director vest?
The 5,310 Restricted Stock Units are subject to time-based vesting and will be disbursed in three equal annual installments, commencing on the first anniversary of the September 1, 2026 grant date.
When do the 271.223 stock credits reported for KMT become payable?
The 271.223 stock credits become payable in common stock upon a change of control of Kennametal or when Richard J. Harshman ceases (other than by death) to be a director, unless he has elected to receive the stock credits following retirement.
What are Harshman’s holdings after these KMT equity awards?
After the September 1, 2026 awards, he holds 5,310 Restricted Stock Units and 271.223 stock credits directly, each representing a 1-for-1 right to receive Kennametal common stock, subject to the vesting and payout conditions described.
Were the KMT equity awards to the director made under a Rule 10b5-1 plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is affirmed for these transactions, and there is no footnote stating they were made pursuant to such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
