Kennametal (NYSE: KMT) director exercises options, withholds shares for taxes

Rhea-AI Filing Summary

Kennametal Inc. director William M. Lambert reported option and share transactions involving company stock. He exercised a stock option for 14,000 shares of common stock through a derivative exercise/conversion at a stated price of $20.87 per share. In a related move, 7,485 shares of common stock were disposed of with a transaction coded as a tax-withholding disposition at $39.04 per share to satisfy the exercise price or tax liability by delivering securities. After these transactions, Lambert directly owned 76,992 shares of Kennametal common stock.

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

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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^*

LAMBERT WILLIAM M

(Last) (First) (Middle)

C/O MSA SAFETY

1000 CRANBERRY WOODS DRIVE

(Street)

CRANBERRY TWP PA 16066

(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)
02/18/2026

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	02/18/2026		M		14,000	A	$20.87	84,477	D
Common Stock	02/18/2026		F		7,485	D	$39.04	76,992	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
Stock Option (Right to Buy)	$20.97	02/18/2026		M			14,000	(1)	03/01/2016	Common Stock	14,000	$0	0	D

Explanation of Responses:

1. Option is exercisable in three equal annual installments commencing on the first anniversary of the grant date (March 1, 2016)

	Michelle R. Keating, as attorney-in-fact for William Lambert	02/29/2016
	** 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).
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FAQ

What did Kennametal (KMT) director William M. Lambert report on this Form 4?

William M. Lambert reported exercising a stock option for 14,000 shares of Kennametal common stock and a related tax-withholding disposition of 7,485 shares. Following these transactions, he directly held 76,992 shares of Kennametal common stock.

How many Kennametal (KMT) options did William M. Lambert exercise?

Lambert exercised a stock option covering 14,000 shares of Kennametal common stock. The transaction was coded as an exercise or conversion of a derivative security, turning option rights into directly held common shares on the same transaction date.

What does the Form 4 tax-withholding disposition mean for Kennametal (KMT)?

The Form 4 shows a disposition of 7,485 Kennametal common shares coded as a tax-withholding transaction. This indicates shares were delivered to cover the exercise price or related tax liability, rather than being an open-market sale for investment purposes.

At what prices were the Kennametal (KMT) transactions reported on the Form 4?

The 14,000 newly acquired Kennametal common shares from the option exercise were reported at $20.87 per share. The 7,485 shares disposed of for tax-withholding purposes were reported at a transaction price of $39.04 per share on the same date.

How many Kennametal (KMT) shares does William M. Lambert own after these transactions?

After the reported option exercise and tax-withholding disposition, William M. Lambert directly owns 76,992 shares of Kennametal common stock. This figure reflects his direct holdings immediately following the Form 4 transactions on the reported date.

What does transaction code M indicate on this Kennametal (KMT) Form 4?

Transaction code M on the Kennametal Form 4 indicates an exercise or conversion of a derivative security, here a stock option. It shows option rights were converted into 14,000 shares of common stock, increasing Lambert’s directly held shares.