KMT Form 4: Director Sagar Patel receives 6,898 stock credits

Rhea-AI Filing Summary

Sagar A. Patel, a director of Kennametal Inc. (KMT), was granted 6,898 stock credits payable in common stock. The Form 4 reports a transaction dated 08/15/2025 showing acquisition of 6,898 non-derivative shares at a reported price of $0, resulting in 6,898 shares beneficially owned directly after the transaction. The filing explains the grant is 1-for-1 and that the stock credits become payable in common stock on January 1, 2028. The Form 4 was signed by Michelle R. Keating as attorney-in-fact on 08/18/2025.

Positive

• 6,898 stock credits were granted to Sagar A. Patel and are documented on the Form 4
• Stock credits convert 1-for-1 and are payable in common stock on January 1, 2028
• Post-transaction direct beneficial ownership is reported as 6,898 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received a non-cash equity grant of 6,898 stock credits that convert to common shares on 2028-01-01.

The Form 4 discloses a director-level equity award recorded as acquisition on 2025-08-15 for 6,898 stock credits with a reported price of $0, indicating a grant rather than an open-market purchase. This increases the reporting person's direct beneficial ownership to 6,898 shares. From a financial lens, the item is routine equity compensation disclosure and does not, by itself, change company financials or outstanding share counts until conversion and issuance occur on the stated 2028 date.

Corporate Governance Expert

TL;DR: Reporting shows a scheduled equity award to a director with conversion deferred to 2028, a standard governance disclosure.

The filing documents an equity credit award to a director that will be payable in common stock on January 1, 2028, described as 1-for-1. The disclosure complies with Section 16 reporting by identifying the reporting person, relationship to the issuer, transaction date, number of shares acquired, and post-transaction ownership. No additional governance concerns, restrictions, or hedging arrangements are disclosed in this Form 4.

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

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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^*

Patel Sagar A

(Last) (First) (Middle)

525 WILLIAM PENN PLACE

SUITE 3300

(Street)

PITTSBURGH PA 15219

(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

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
Stock Credits	(1)	08/15/2025		A		6,898		(2)	(2)	Common Stock	6,898	$0	6,898	D

Explanation of Responses:

1. 1 for 1

2. The stock credits become payable in common stock on January 1, 2028

	Michelle R. Keating, as attorney-in-fact for Sagar A. Patel	08/18/2025
	** 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.
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.

FAQ

What did Sagar A. Patel report on the Form 4 for KMT?

The Form 4 reports acquisition of 6,898 stock credits on 08/15/2025, increasing direct beneficial ownership to 6,898 common shares.

Were the shares purchased or granted for Sagar A. Patel?

The transaction shows a reported price of $0, indicating the 6,898 stock credits were granted rather than purchased.

When will the stock credits convert to common stock?

The filing states the stock credits become payable in common stock on January 1, 2028 and are converted 1-for-1.

What is Sagar A. Patel's relationship to Kennametal?

The Form 4 identifies Sagar A. Patel as a Director of Kennametal Inc.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Michelle R. Keating, as attorney-in-fact for Sagar A. Patel on 08/18/2025.