KMT Form 4: Director Acquires Shares and Receives 12,464 RSUs

Rhea-AI Filing Summary

Joseph Alvarado, a director of Kennametal Inc. (KMT), reported insider transactions dated 08/15/2025. He acquired 5,566 common shares at $21.02 per share and disposed of 170 common shares at the same price. The filing shows 12,464 restricted stock units (RSUs) granted in separate entries (1,773; 1,860; 1,933; 6,898), with RSUs subject to time-based vesting and disbursed in three equal annual installments beginning on the first anniversary of the grant. The report also notes 712.292 shares acquired via Kennametal's dividend reinvestment plan that meet Rule 16a-11 since the last Form 4. Following the reported transactions, the filing lists beneficial ownership figures including fractional shares from DRIP activity.

Positive

• Director purchase: Acquisition of 5,566 common shares at $21.02 increases insider ownership
• Substantial RSU grants: 12,464 restricted stock units awarded across multiple entries with time-based vesting
• DRIP participation: 712.292 shares acquired through the dividend reinvestment plan under Rule 16a-11

Negative

• None.

Insights

Financial Analyst

TL;DR: Director bought shares and received RSUs, modestly increasing insider ownership while participating in the dividend reinvestment plan.

Alvarado's cash purchase of 5,566 shares at $21.02 and the receipt of 12,464 RSUs increase his economic stake in KMT. The acquisition price and aggregate RSU grants are disclosed explicitly; RSUs are time-vested and paid in three equal annual installments, which implies a multi-year retention schedule. The modest sale of 170 shares appears routine. These transactions reflect ongoing compensation and equity participation rather than a one-off market signal.

Corporate Governance Expert

TL;DR: Governance actions show standard director equity alignment via purchases, RSU grants, and DRIP participation.

The filing identifies Alvarado as a director and records both purchased shares and multiple RSU awards subject to time-based vesting, consistent with typical board compensation practices designed to align director interests with shareholders. The RSU vesting schedule—three equal installments beginning one year after grant—is explicitly stated. The filing is signed by an attorney-in-fact on 08/19/2025, meeting signature requirements.

SEC Form 4

FORM 4

UNITED 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
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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^*

ALVARADO JOSEPH

(Last) (First) (Middle)

705 N. BAR Y ROAD

P.O. BOX 11368

(Street)

JACKSON WY 83002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KENNAMETAL INC [ KMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/15/2025		M		5,566	A	$21.02	29,774.14(1)	D
Common Stock	08/15/2025		F		170	D	$21.02	29,604.14	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	08/15/2025		M			1,773	(3)	(3)	Common Stock	1,773	$0	0	D
Restricted Stock Units	(2)	08/15/2025		M			1,860	(3)	(3)	Common Stock	1,860	$0	1,860	D
Restricted Stock Units	(2)	08/15/2025		M			1,933	(3)	(3)	Common Stock	1,933	$0	3,867	D
Restricted Stock Units	(2)	08/15/2025		A		6,898		(3)	(3)	Common Stock	6,898	$0	6,898	D

Explanation of Responses:

1. Includes 712.292 shares acquired through Kennametal Inc.'s dividend reinvestment plan, meeting the requirements of Rule 16a-11 of the Securities and Exchange Act of 1934, as amended, since the reporting person's last Form 4 filing

2. 1 for 1

3. Restricted stock units are subject to time-based vesting and are disbursed in three equal installments commencing on the first anniversary date of the grant

	Michelle R. Keating, as attorney-in-fact for Joseph Alvarado	08/19/2025
	** Signature of Reporting Person	Date
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.
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FAQ

When did Joseph Alvarado report these transactions for KMT?

The transactions are reported with a transaction date of 08/15/2025 and a signature date of 08/19/2025.

How many shares did the director acquire and at what price?

He acquired 5,566 common shares at a price of $21.02 per share.

Were any shares disposed of by the reporting person?

Yes, the filing shows a disposal of 170 common shares at $21.02.

What restricted stock units (RSUs) were reported for KMT?

The filing reports RSU amounts of 1,773; 1,860; 1,933; and 6,898, totaling 12,464 RSUs, which are time-vested and disbursed in three equal annual installments starting one year after grant.

Did the reporting person acquire shares through a dividend reinvestment plan?

Yes, the filing states 712.292 shares were acquired via Kennametal's dividend reinvestment plan meeting Rule 16a-11 requirements.

What is the reporting person's relationship to Kennametal (KMT)?

The form identifies Joseph Alvarado as a Director of Kennametal Inc.